State Tax Headlines Tax Headlines
Illinois Proposes Tax on Investment Management Service Businesses – Tax & Accounting Blog
A bill introduced in the Illinois House would impose a 20% privilege tax on partnerships, including: investment partnerships, and S corporations conducting investment management services.…
Federal Tax Headlines Tax Headlines
Safe Harbor Valuation Methods Provided to Value Stock Received in Reorganization for Purposes of COI Requirement (Rev. Proc. 2018-12) – Tax & Accounting Blog
The IRS has issued a revenue procedure that provides safe harbor valuation methods for valuing certain stock of an issuing corporation received by a target…