Many Virginia business owners signed off on last year’s tax returns only a few weeks ago, in early September, the Internal Revenue Service’s annual, last-chance filing deadline for most U.S. companies ...

A quick review of the cannabis landscape[i] reveals that most of the tax-related activity remains at the state level. At present, most states have decriminalized the use of cannabis products; it ...

Cannabis businesses' wages are ineligible for business income deductions for pass-throughs because they sell controlled substances, according to the U.S. Tax Court. The ruling on Sept. 11, 2025 ...

The IRS released guidance on the Section 199A qualified business income deduction on August 8th. Our panel will discuss the IRS guidance and planning opportunities and challenges that it creates. This ...

Rep. Gwen Moore, D-Wisconsin, a member of the tax-writing House Ways and Means Committee, introduced legislation Thursday to expand the Section 199A Qualified Business Income deduction to provide a ...

A coalition of advisor advocates and firms, such as LPL Financial, Commonwealth and Raymond James, is urging Congress to reform tax law so advisors can claim a deduction on business income after the ...

In this episode of Tax Notes Talk, Damien Martin and Tony Nitti of EY discuss the second three of their top six tax cases of 2025, focusing on what qualifies as a deduction in Savage v. Commissioner, ...

The American Society of Travel Advisors (ASTA) is applauding the advancement of important legislation impacting travel advisors' tax returns. New legislation promoted by the House Ways and Means ...