Eligibility to Subtract Cost of Goods Sold

Overview On April 3, 2020, the Texas Supreme Court published its opinions on 3 tax cases in connection with a taxpayer’s eligibility to subtract COGS as well as which costs are eligible to be subtracted as COGS for purposes of the Texas Franchise Tax. In Sunstate...

Retirement Plan Provisions of the CARES Act

Retirement Plan Distributions The CARES Act waives the 10% additional tax on early distributions related to the coronavirus from retirement plans and IRAs for amounts not to exceed $100,000 subject to the following rules: Amounts distributed may be repaid at any time...