SALT Financial Reporting Considerations

Properly addressing uncertain tax positions is at the heart of all tax reporting. Given the nature of SALT, with the everchanging statutes, court precedents and taxpayers’ everchanging fact patterns, SALT is an arena filled with uncertainty. Properly identifying, addressing, and measuring the significance of such uncertain tax positions, in accordance with ASC 740, is critical to accurate and confident financial reporting.

New Jersey Transfer Pricing Initiative

On June 16, 2022, New Jersey announced a voluntary initiative that set out to provide…

California Nonresidents: Beware if Selling Partnership Interests

On July 14, 2022, California released Legal Ruling 2022-02 that now recharacterizes the gain resulting…

The Inflation Reduction Act of 2022

On Wednesday, July 27, members of the Senate released a draft of the Inflation Reduction…

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