Ideas & Insights

Updated emergency regulations and revised guidance explains the duration of COVID-19 nexus and withholding policies.

Tax planning opportunities for consideration in light of COVID-19, the resulting economic crisis, and evolving tax laws and regulations.

Ten-year net deferred tax liability deduction may be claimed beginning in 2023 as long as Form DT-1 is timely filed by July 1, 2020.

The federal five-year NOL carryback may have substantial ramifications on state income tax returns beyond simple conformity.

The decision may impact sourcing positions taken by the financial service industry for New York State and New York City tax purposes.

State tax cash-flow maximization and risk minimization are available for private equity groups and their portfolio companies.

Employees working remotely due to the COVID-19 pandemic may result in income tax consequences to both the employee and the employer.

State and local tax filing and penalty relief guidance in response to COVID-19 has accelerated as deadlines approach.

Law firms and professional services businesses are experiencing challenges with the COVID-19 pandemic, creating state and local tax issues.

Federal and state governments and taxing authorities are beginning to offer relief to businesses impacted by COVID-19.

Massachusetts rejects change in domicile after Florida home purchase, driver’s license change and new voter registration.

Fund management companies face difficult challenges in determining their state income tax filing obligations and apportionment rules.

Three states have prescriptions for opioid taxes on manufacturers and distributors. Here’s what you need to know.

The Michigan Department of Treasury issued a letter ruling detailing the sales tax treatment of various information services.

The FTB ruled that limited partnerships disregarded for federal income tax purposes are not subject to minimum tax or filing requirements.

Market-based sourcing effective for periods ending on or after Dec. 31, 2021, for the Business Enterprise Tax and the Business Profits Tax.

Recent activity among state and local gross receipts taxes may signify that a historic approach to taxation is ready to be a new trend.

Washington Court of Appeals determined the graduated income tax to be impermissible under a uniformity requirement.

Pass-through entity tax election for the 2019 tax year due June 28, 2019; election window will close until next calendar year.

Alabama makes significant reforms to the Financial Institution Excise Tax by establishing estimated payments and redefining net income.

To make opportunity zone projects as financially viable, developers need to consider state and local tax credits beyond QOZ incentives.

Earlier this spring, Florida Gov. Rick Scott signed House Bill 7109, providing for a reduction in the real property rental sales tax effective Jan....

Effective Nov. 1, 2017, the District of Columbia Office of Tax and Revenue has revised the Qualified High Tech Company (QHTC) sales and use tax ...

One of the standout changes enacted by Ohio's House Bill 49 was a new election to participate in the Ohio Department of Taxation’s central ...

Illinois' Invest in Kids Act provides favorable corporate and individual income tax credits for qualified contributions to scholarship granting ...

In 2015, Washington state made sweeping changes to its unclaimed property law and opened an amnesty program. Unclaimed property holders that did ...

Delaware recently released a statement indicating intentions to identify and contact noncompliant unclaimed property holders. Notified holders are ...

When the 2017 legislative session kicked off in January, states were not yet discussing tax amnesties as a mechanism to relieve budget deficits and...

The most common mistake resulting in a state tax protest denial is submitting the filing outside the statutory deadline. Whether it is 15, 30, 45 ...

Analyzing recent FTB guidance on determining whether a taxpayer can take a credit or deduction for taxes “paid” to another state.

Minnesota passes tax bill enacting numerous changes to the individual income tax, corporate business tax, and sales and use tax.

Over the past decade, Congress has seen mobile workforce bills introduced in each session like clockwork. The intent of mobile workforce is to ...

Construction contractors must be well-versed on the state’s classifications options to avoid over or under payment of sales and use tax.

Taxpayers apportioning service income under the Washington B&O Tax must file a reconciliation form by October 31 annually to avoid penalty.

Managing thousands of products in multiple taxing jurisdictions is complex. Is your retail business committing one of these six common sales tax ...

Discover why it is better to defend a tax position during the sales and use tax audit process, rather than wait to discuss it in appeals

Many business situations call for a thorough sales tax review to assess and resolve past overpayments and underpayments of sales and use tax

Allowing CPAs to represent taxpayers in front of state tax tribunals offers benefits but may impair the CPA’s independence.