Tax Blog

Tips to help you prepare for tax season

Safe harbor issued for valuing pro sports trades

IRS Tax News - Safe harbor issued for valuing pro sports trades The IRS will permit professional sports teams that trade player contracts to recognize zero gain if both parties to the exchange adopt the safe harbor and do not exchange cash. Source: IRS Tax...

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Recapping the 2019 Arkansas Tax Reform

Tax Policy - Recapping the 2019 Arkansas Tax Reform The Arkansas General Assembly  concluded its 2019 session after accomplishing one of its key priorities, tax reform. After two years of intense debate and study, the Natural State has passed a series of tax...

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Notable Tax Policy Changes in Europe

Tax Policy - Notable Tax Policy Changes in Europe The Tax Foundation’s International Tax Competitiveness Index (ITCI) seeks to measure the extent to which a country’s tax system adheres to two important aspects of tax policy: competitiveness and neutrality. A...

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How High Are Cigarette Taxes in Your State?

Tax Policy - How High Are Cigarette Taxes in Your State? Cigarette taxes around the country are levied on top of the federal rate of $1.0066 per 20-pack of cigarettes. As of 2016, taxes accounted for almost half of the retail cost of a pack of cigarettes. On...

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