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Name/Image/Likeness Coming to Oregon K-12 Soon? Potential Impacts of the OSAA’s NIL Decision and Why Districts Need to Pay Attention Now
The Oregon School Activities Association (OSAA) is set to consider language at its Feb. 7 meeting that could officially open the door to Oregon high school athletes profiting from Name Image Likeness (NIL) activities. An NIL activity is any business...
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Today in Tax: Financial Contract Modification and Foreign Tax Credits
Brief commentary on recent cases, rulings, notices, and related federal tax guidance.
Transition rules allow opportunity to avoid taxable income when modifying financial contracts from IBOR to another metric
Contracts dependent on a discontinued in...
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Today in Tax: Eligibility of Electronic Services Income for FDII Deduction
Brief commentary on recent cases, rulings, notices, and related federal tax guidance.
Regulations open door for cloud computing, streaming, and related electronic services to be included in deduction computation.
In late 2017 the Tax Cuts and Jobs...
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Today in Tax: Foreign Account Reporting Requirements and Divisive Tax-Free Reorganizations
Brief commentary on cases, rulings, notices, and related federal tax guidance as of December 29, 2021.
FBAR Noncompliance Leads to More Severe Penalties in the 5th Circuit
Penalties for FBAR violations can be severe if applied on a per-account basi...
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Today in Tax: Foreign Tax Credits Against Digital Service Taxes, Partial Spin-Off Structures, and Filing Relief for Equity Grants, Stock Sale Structuring, and Opportunity Zones
Brief commentary on recent cases, rulings, notices, and related federal tax guidance as of December 14, 2021.
U.S. Agreements Expand Potential Tax Credits for Digital Service Taxes
The global tax landscape is rapidly changing as countries around th...
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Washington’s New Statutory Wage Lien: The Next Pressure Tactic Against WA Employers
As we look ahead to 2022, it’s time to remind Washington employers that the Washington Wage Recovery Act (the “Act”) becomes effective January 1, 2022. Under the Act, employees can attach a lien (i.e., a legal hold) on certain property for alleg...
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