Tax Law

Recent Posts

Top New Jersey Tax Changes in the 2018 Budget Deal
Posted on 6 Jul 2018 by Eversheds Sutherland LLP

In a last-minute deal to avert a government shutdown, New Jersey Governor Phil Murphy and the New Jersey Legislature cobbled together a budget with numerous amendments to New Jersey’s tax law. View the full legal alert. Read More

State Tax Essentials: Corporate Income Tax Computations
Posted on 1 Apr 2013 by LexisNexis Tax Law Community Staff

by Robert Desiderio * Although there is some measure of conformity with the federal corporate income tax base, every state's statute makes its measure of tax corporate income different from the federal base. Typically, there are additions and subtractions... Read More

Congress Extends Five-Year Carryback of 2008 or 2009 NOLs to Most Businesses
Posted on 13 Nov 2009 by Palmer, Quirke, Wagner, Zucker, Clary

Congress has resurrected a prior Stimulus Act proposal allowing most taxpayers, not just small businesses, to extend the NOL carryback period under section 172 for up to five years for 2008 and 2009 NOLs. However, the extended carryback election is only... Read More

Notice 2010-50 Formalizes ‘Hold Constant Principle’ Found in Recent Section 382 Rulings
Posted on 13 Jul 2010 by Annette M. Ahlers

Introduction, Notice 2010-50 The Internal Revenue Service (IRS) released Notice 2010-50 on June 11, 2010, which provides guidance on fluctuations in value between different classes of corporate stock when measuring owner shifts for Section 382 purposes... Read More