JD Supra

Proposed Corporate Minimum Tax Rules Generally Exempt Income Under Tax-Favored Benefit Plans

The Inflation Reduction Act of 2022 (“Act”) imposed a 15% corporate minimum tax on the “adjusted financial statement income” (“AFSI”) of taxpayers with more than $1 billion of AFSI, effective for tax ...

5 business planning strategies to help prepare for new tax changes

This article highlights five practical considerations designed to support your efforts to interpret the OB3’s impact and help ...

What Are Franked Dividends? Types, Examples, and Tax Benefits

Franked dividends come with tax credits to offset double taxation. Explore their types, benefits, and examples to see how ...
Forbes

Corporate Minimum Tax: When A Billion Really Isn’t A Billion

Forbes contributors publish independent expert analyses and insights. Laura Clayton McDonnell covers tax, legal, risk & regulatory issues. The moment it was signed into law, the Inflation Reduction ...
JD Supra

Business Income and Sales/Use Taxes: What Constitutes a Manufacturer for Certain Tax Incentives

Manufacturing, as often noted, is the backbone of the American economy. Manufacturers not only innovate and create products that contribute to the betterment of our way of life but are also critically ...

Bipartisan bill would create corporate income tax credit for affordable housing

A bipartisan idea from a couple of New Mexico lawmakers could fuel a major new tax credit to groups that build affordable ...
Miami University

Unrelated Business Income Tax (UBIT)

Unrelated Business Income Tax (UBIT) is a federal tax imposed on the income generated by tax-exempt organizations, including universities, when they engage in revenue-generating activities that are ...