Tax Law News and Insights

While most seniors have a will and other end of life plans in place, they often unknowingly leave one of their most valuable assets unprotected. Under federal and state law, states must seek to recover long-term care benefits from a Medicaid recipient's estate after the recipient's death. Therefore, if you...

Read More

Key Takeaways The Ohio Supreme Court decision in NASCAR Holdings, Inc. v. McClain is an Ohio commercial activity tax case that provides another recent example of state courts wrestling with how to apply statutory language to source revenue from intangible property. This case could provide persuasive authority for sourcing issues in other...

Read More

On November 10, 2022, US President Joe Biden announced his intent to nominate Danny Werfel to serve as Commissioner of the Internal Revenue Service. US Secretary of the Treasury Janet Yellen has expressed her support for Werfel's nomination. Charles Rettig, whose term expires on November 12, 2022, is the current IRS Commissioner and Doug...

Read More