California FTB amends remote worker nexus guidance, teleworking employees will create nexus and exceed P.L. 86-272 protections.
California FTB amends remote worker nexus guidance, teleworking employees will create nexus and exceed P.L. 86-272 protections.
New Jersey budget deal commits less than 5% of the state’s budget surplus to tax relief, ignoring mobile individuals and businesses.
Wisconsin budget bill moves forward with tax cuts aimed at encouraging individuals and businesses to stay and invest in the state.
North Carolina Senate pushes forward major tax reform bill, continuing down the path to repeal the state’s corporate income tax.
Massachusetts legislature approves 2022 ballot measure to add 4% additional tax on all income over $1 million effective January 1, 2023.
Some exempt organizations will be subject to Virginia’s informational reporting requirement for unitary businesses, due July 1, 2021.
The newly enacted optional tax may provide significant opportunity to taxpayers, and in particular, owners of financial service firms.
Budget bill increases personal and corporate tax rates, enacts a SALT deduction workaround and makes other changes to the tax code.
The Iowa Department of Revenue advises taxpayers that Employee Retention Credit-related wage deduction reductions apply at the state level.
The New Jersey Tax Court highlights the importance of understanding and complying with state tax appeal procedural responsibilities.
The Pennsylvania Department of Revenue has issued complex guidance for employees claiming home office expense during the pandemic.
Governor Ned Lamont has signed legislation retroactively providing COVID-related business nexus and personal income tax relief for 2020.
The Texas Comptroller of Public Accounts has finalized revised rules making significant changes to franchise tax apportionment.
Updated emergency regulations and revised guidance explains the duration of COVID-19 nexus and withholding policies.
New Hampshire files challenge over Massachusetts regulation taxing telecommuting nonresidents with U.S. Supreme Court.
Tax planning opportunities for consideration in light of COVID-19, the resulting economic crisis, and evolving tax laws and regulations.
Taxpayers that properly secured a first extension may file a request for a second extension on or before Aug. 17, 2020.
Services performed in Detroit for clients located outside the city should be sourced to Detroit for purposes of the city’s income tax.
The elective tax is intended as a state and local tax deduction limitation workaround, joining six other states with similar provisions.
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.
When determining whether an S corp distribution is a dividend, Arkansas taxpayers must use state-specific AAA rather than federal AAA.
Taxpayer-friendly measures provide interest waivers, extension of limitations periods and assistance to impacted businesses.
The federal five-year NOL carryback may have substantial ramifications on state income tax returns beyond simple conformity.
Emergency regulations and technical guidance provide clarifications for telecommuter withholding and nexus safe harbors.
The decision may impact sourcing positions taken by the financial service industry for New York State and New York City tax purposes.
Maintaining static conformity to the IRC, Wisconsin adopts several taxpayer-friendly provisions of the federal CARES Act.
Remote programming employee directly impacted an Arkansas employer's ability to carry out its mission and purpose.
The bills address the state's IRC conformity as it relates to new federal section 163(j) limitation rules, among other provisions.
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.
CARES Act provides general increase to the limitation amount (i.e., the maximum allowable deduction) and special rule for partnerships
Federal income tax filing and payment relief extension to July 15, 2020 may not apply to all state income tax filings.
Limited sales and use tax filing and payment relief has been included in some of the state and local COVID-19 response guidance.
Congress passes the Families First Coronavirus Response Act that mandates paid leave for employees impacted by COVID-19.
Massachusetts rejects change in domicile after Florida home purchase, driver’s license change and new voter registration.
Department issued compliance alert explains the sales and use tax collection responsibilities for marketplace facilitators and sellers.
Online software products allowing remote access to a host computer as well as screen sharing capabilities were taxable.
Fund management companies face difficult challenges in determining their state income tax filing obligations and apportionment rules.
Six weeks after enacting significant tax changes, the Utah legislature and governor repealed the entire tax reform package.
Corporate income tax regulations provide procedures for pass-through entities to elect to be taxed as C corporations.
Three states have prescriptions for opioid taxes on manufacturers and distributors. Here’s what you need to know.
New Jersey becomes the sixth state to adopt an entity-level tax establishing a workaround to the federal SALT deduction limitation.
Massachusetts Department of Revenue issues final guidance on application of section 163(j) Interest Expense Limitation.
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.
Final regulations on new sales and use tax registration and collection requirements address remote retailers and marketplace facilitators.
After years of litigation, a state appellate court again declared Pennsylvania’s flat dollar cap for net loss carryover unconstitutional.
The Massachusetts Department of Revenue establishes a $500,000 threshold for state corporate excise tax nexus.
Market-based sourcing effective for periods ending on or after Dec. 31, 2021, for the Business Enterprise Tax and the Business Profits Tax.
Arizona Supreme Court finds online travel companies must collect tax on service fees and mark-ups paid to book hotel rooms.
Recent activity among state and local gross receipts taxes may signify that a historic approach to taxation is ready to be a new trend.
Beginning in 2020, some individual taxpayers working remotely in Illinois will have a 30-day safe harbor from the state income tax.
Washington Court of Appeals determined the graduated income tax to be impermissible under a uniformity requirement.
The new pass-through entity level tax may benefit some individuals subject to the $10,000 SALT deduction limitation.
Marketplace facilitators liable for sales tax collection; budget compromises avoid certain proposed tax increases on businesses.
Highly-anticipated trust taxation case considers whether a state can tax a trust based on the residency of a beneficiary.
Pass-through entity tax election for the 2019 tax year due June 28, 2019; election window will close until next calendar year.
Effective for tax years beginning after Dec. 31, 2019, market-based sourcing adopted for services and intangibles.
Alabama makes significant reforms to the Financial Institution Excise Tax by establishing estimated payments and redefining net income.
Certain domestic holding companies can be excluded from the combined return, but pending legislation would limit the decisions.
To make opportunity zone projects as financially viable, developers need to consider state and local tax credits beyond QOZ incentives.
Proposed regulations curtail state laws that circumvent the SALT deduction cap by crediting charitable contributions against state taxes.
Bill targets strategies focusing on the implementation and adoption of blockchain, cryptocurrency, and financial technologies in Vermont.
Economic sales tax nexus regulation applies to remote sellers performing certain activities and making sales over $250,000 into the state.
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 ...
Internal Revenue Service announces pilot of web-based virtual conference option for taxpayers in Appeals conferences.
Analyzing recent FTB guidance on determining whether a taxpayer can take a credit or deduction for taxes “paid” to another state.
The budget increases personal and corporate tax rates, makes tax exemption and credit changes and revises the unclaimed property law.
Provides for tax amnesty program, eliminates low income tax brackets, and makes changes to a number of state taxes.
General Assembly establishes two new agencies to replace Board of Equalization’s tax appeals and tax administration functions.
Mobile workforce legislation passes the House for the second time in a year, but still must make significant progress in the Senate.
Minnesota passes tax bill enacting numerous changes to the individual income tax, corporate business tax, and sales and use tax.
Amnesty period begins in September 2017; benefits include complete waiver of penalties, interest and other collection fees.
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.
Tennessee enacts Hall income tax and sales tax rate reductions, gas tax increases, single-sales factor election for manufacturers.
Department of Revenue Services provides guidance on recent legislative apportionment changes to the state business tax and income tax.
Department provides guidance to taxpayers affected by LaBelle Management decision, gives retroactive effect for all open tax years.
Eligible taxpayers receive generous benefits including complete waiver of penalties and 50 percent waiver of interest.
FinCEN extends filing deadline for certain individuals to file the Report of Foreign Bank and Financial Accounts.
Taxpayers apportioning service income under the Washington B&O Tax must file a reconciliation form by October 31 annually to avoid penalty.
Connecticut Gov. Daniel Malloy signs the state’s biennial budget and an implementer bill that revised numerous tax changes.
MTC issues draft model market-sourcing regulations, providing substantial guidance regarding the application of revised Model Compact Article IV.
Michigan Court of Appeals upholds state’s retroactive repeal of the Multistate Tax Compact, taxpayer likely to appeal.
North Carolina enacts important corporate income and franchise tax, individual income tax and sales tax changes.
Wisconsin enacts legislation intended to promote growth and close budget gap with various tax increases and decreases.
Kansas enacts legislation intended to close budget gap with various tax increases and the establishment of a tax amnesty program.
Uber drivers are reclassified as employees rather than independent contractors subjecting Uber to employer regulatory and tax regimes.
The Maryland Comptroller’s office updates its FAQ covering Wynne-related refund claims.
The New York Tax Appeals Tribunal finds that a group of corporations were engaged in a unitary business and separate reporting distorted their income.
Indiana enacts multiple bills with a significant impact on the state’s income tax, sales and use tax and personal property tax.
Missouri amends alternative apportionment formula to clarify sourcing rules applicable to sales other than tangible personal property.
North Dakota enacts law to allow corporations to elect to phase in single sales factor apportionment for tax years beginning after Dec. 31, 2015.
Missouri enacts broadly applicable tax amnesty program that will run from Sept. 1, 2015, through Nov. 30, 2015.
New York amends New York City’s general corporate tax structure to bring it into partial conformity with New York’s 2014 state-level reforms.
Maryland enacts tax amnesty program that applies to nonfilers and taxpayers that underreported or underpaid a wide variety of state and local taxes.
New York MCTMT returns for tax year 2014 are due by April 30, 2015, after which taxpayers will file MCTMT with their personal income tax returns.
Arizona enacts legislation to establish broadly applicable tax amnesty running from Sept. 1, 2015, through Oct. 31, 2015.
For the first time in several years, a Massachusetts tax amnesty program will include corporate excise taxes. The exact program date has not been ...
San Francisco to fully phase out payroll tax by 2018. Final first year payment of gross receipts tax under Proposition E is due March 2, 2015.
Illinois DOR reminds employers of changes to state’s payroll withholding requirements and provides guidance regarding Saturday due date.
New York City mayor proposes, and state legislature is expected to adopt, city tax reform that aligns with 2014 state tax reform.
As 2014 drew to a close, Governor Kasich signed several pieces of legislation into law, impacting a wide variety of Ohio taxes.
Ohio H.B. 5 reforms the guidelines governing Ohio municipal income taxation, establishing a set of standards applicable to all Ohio municipalities.
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
Thousands of state and local jurisdictions impose taxes across the country. Learn how to deal with your compliance challenges.