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 ...
This article highlights five practical considerations designed to support your efforts to interpret the OB3’s impact and help ...
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 ...
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 ...
A bipartisan idea from a couple of New Mexico lawmakers could fuel a major new tax credit to groups that build affordable ...
California has a high corporate tax rate and strict rules, but its large market and strong economy can benefit some businesses. Companies incorporated or operating in the Golden Gate state should ...
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