Washington National Tax summarizes key tax aspects of President Biden’s American Jobs Plan and the Made in America Tax Plan.
Washington National Tax summarizes key tax aspects of President Biden’s American Jobs Plan and the Made in America Tax Plan.
In response to the pandemic, the Canadian government introduced support programs that could benefit U.S. multinationals.
The OECD’s guidance illustrates how the pandemic may impact arm’s length results, including lower profits and even losses.
New final regulations include rules for CFCs, depreciation/amortization ‘add-back recapture’ and self-charged interest.
Finalized section 385 debt-equity regulations proposed in 2016, government still plans to issue some less harsh rules in the future.
CARES Act provides general increase to the limitation amount (i.e., the maximum allowable deduction) and special rule for partnerships
Altera petitions the Supreme Court of the United States to hear case regarding validity of cost sharing arrangement regulations.
Favorable classification available for retailers selling private label products and consumer products companies using contract manufacturing
Budget bills address pass-through entity tax, sales tax base and nexus changes, tax credits and reporting obligations.
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.
New York enacts legislation exempting 95% of GILTI and increases the sales component of the economic sales tax nexus threshold.
Minnesota’s long-awaited conformity bill presents new challenges for individual and corporate taxpayers; remote seller provisions modified.
Certain domestic holding companies can be excluded from the combined return, but pending legislation would limit the decisions.
The best part of giveaways is that they are free to the fans – no increased ticket price, and more importantly, no sales tax! But does that mean ...
With the passage of federal tax reform, both business and personal income taxpayers will need to consider how the federal changes will affect state...
In response to the devastation from Hurricane Harvey, the IRS, Texas and other states have provided guidance on extended filing deadlines. Texas ...
Recently, the Ohio Board of Tax Appeals issued a decision addressing the situsing of sales under the state’s Commercial Activity Tax (CAT). In ...
Missouri delays implementation of IBM decision to allow time to address the extent of the sales and use tax manufacturing exemption.
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.
The State of Washington has provided statutory and regulatory guidance on the application of the B&O tax to import activity.
Revenue raisers will impact individuals and pass-through entities; many are retroactive to the beginning of 2017.
Proper diligence when it comes to the state application of net operating losses can help maximize tax benefits and minimize errors.
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.
Budget proposals include reducing the business income tax rate, increasing personal exemption rates and broadening the sales tax base.
Department provides update to its comprehensive guidance on the sales and use taxability of various communication services.
Pennsylvania Department of Revenue removes letter ruling on the taxability of previously nontaxable software support services.
Department provides guidance to taxpayers affected by LaBelle Management decision, gives retroactive effect for all open tax years.
Lease tax ruling imposed on rental companies renting outside of Chicago violates the home rule provision of the Illinois Constitution.
50 states mean 50 sets of rules. We look at why state compliance is difficult and what you need to know when operating in multiple markets.
Software sold with both customized and canned components was determined to be completely exempt from the sales and use tax.
Pennsylvania Supreme Court to hear oral arguments in net loss carryforward limitation case, requests parties to consider Mount Airy decision.
Illinois department adopts guidelines for rebutting the presumption that nexus is established through click-through agreements.
Missouri and many other states provide reduced sales tax rates and exemptions for groceries that are not intended to apply to prepared food sold in...
Minnesota Tax Court rules taxpayer may include income and apportionment factors of foreign disregarded entity in its return.
Arizona department reevaluates LR13-006, finding cloud storage services are subject to the transaction privilege tax
New Hampshire bills repeal the ‘phantom tax,’ conform to the Code, and increase the capital expenditures depreciation deduction.
A recent court case emphasizes that the burden of proof is on the taxpayer when it comes to claiming deductions. On May 17, 2016, the Texas ...
Michigan enacts amendments ending flow-through entity withholding for tax years beginning on or after July 1, 2016.
On May 11, 2016, the Tennessee Court of Appeals issued a decision holding that a retailer could not receive bad debt deductions for a third-party ...
District of Columbia adopts second round of emergency legislation necessary to preserve 2016 reduced franchise tax rate.
Vermont adopts economic nexus standard for sales and use taxes; Colorado-style reporting requirements for other remote sellers.
Texas comptroller proposes retroactive rule amendments to narrow the application of the reduced retailer/wholesaler franchise tax rate.
Mississippi legislation phases out the franchise tax and phases in a personal income tax exemption on the first $5,000 of taxable income.
Arizona Gov. Doug Ducey completes action on all legislation passed this session, including a number of tax bills.
Colorado department responds to taxpayer’s request in determining LLC filing responsibilities.
Arizona governor signs legislation conforming to federal partnership audit changes as enacted by the Bipartisan Budget Act of 2015.
New York advises seller that the sale of a tablet-based product that remotely accesses software is taxable as a sale of canned software.
Alabama court rules photography services are not subject to sales tax because the transfer of the photographs was incidental to the service.
Supreme Court of Ohio rules the state lacks jurisdiction to tax a nonresident individual on income from the sale of a pass-through interest.
Pennsylvania Department of Revenue issues letter ruling addressing SUT implications of information technology disaster recovery services.
New Jersey Tax Court rules that a taxpayer was required to add back related party interest expense because addback was not unreasonable.
South Carolina updates its IRC conformity date to Dec. 31, 2015, and changes certain return, payment and withholding due dates.
Nevada regulations provides some clarity regarding application of gross receipts tax.
Wisconsin legislation retroactively eliminates federal excise tax on heavy trucks and trailers from computation of sales tax base.
Missouri Supreme Court rules that direct mail items printed, and mailed into Missouri from, outside the state were not subject to use tax.
Texas Comptroller rules that cloud-based transaction facilitation services are not sourced to the state for franchise tax purposes.
Texas Supreme Court rules overall net losses cannot be used to offset other receipts for apportionment factor computation purposes.
Indiana enacts statutes found invalid as regulations, reinstating the previous sales tax treatment of time and materials contracts.
Iowa enacts sales and use tax exemption for manufacturing supplies and provides definitions applicable to manufacturing exemptions.
Louisiana enacts legislation impacting the state’s sales and use, corporate net income, and franchise taxes.
Michigan Court of Appeals rules that the Multistate Tax Compact apportionment election is available for Single Business Tax years.
Colorado trial court rules that a holding company with no property or payroll of its own could not be included in its parent’s combined group.
FTB advises individuals that they are not allowed a credit against individual tax for Revised Texas Franchise Tax paid.
Connecticut Gov. Daniel Malloy signs the state’s biennial budget and an implementer bill that revised numerous tax changes.
Pennsylvania Supreme Court holds that local jurisdictions can impose business privilege tax on businesses that conduct lease activities.
California Franchise Tax Board provides additional guidance regarding payment extension for corporations expecting the generation of a NOL carryback.
Vermont Supreme Court issues its first decision on combined unitary reporting since Vermont adopted combined reporting in 2006.
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.
Economic nexus provisions target financial institutions, vary by state and can trigger income or franchise tax filing responsibilities/
The New York DOT issues an opinion on the applicability of the franchise tax to an alien holding company that owns an LLC with in-state activities.
Chicago issues guidance regarding the taxability of nonpossessory computer leases and streaming movies and games.
Kansas DOR issues guidance allowing Kansas resident individuals to claim a credit against state income tax for local income and earnings taxes paid.
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 Georgia Tax Tribunal determines that Georgia resident individuals who own interests in flow-through entities may deduct Texas franchise tax paid.
Ohio enacts budget bill, providing individual income tax cuts but implementing click-through nexus for sales tax purposes.
The Missouri Supreme Court rules that title transfers for sales tax purposes when goods are shipped out-of-state F.O.B. manufacturer.
The Maryland Comptroller’s office updates its FAQ covering Wynne-related refund claims.
Florida legislation provides communications and satellite services tax relief, expands sales tax exemptions and creates a sales tax holiday.
Maryland, Missouri and Indiana enact a new round of broadly applicable state tax amnesty programs.
The U.S. Supreme Court has ruled that the Commerce Clause requires a state to provide residents a credit for taxes paid to other states.
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.
Multistate Tax Commission approves Arm’s-Length Adjustment Services (ALAS) program design document, will help states perform transfer pricing audits.
North Dakota enacts law to allow corporations to elect to phase in single sales factor apportionment for tax years beginning after Dec. 31, 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.
Arkansas amends personal income tax relief bill and gradually restores 50 percent net capital gains exemption.
Taxpayer settles constitutional challenge to Oklahoma corporate income tax capital gains deduction.
Colorado DOR finds that a company’s sales of enterprise electronic messaging services to Colorado customers are not subject to sales and use tax.
Nevada introduces proposed legislation to replace state’s fixed business license fee with quarterly graduated gross revenue tax.
Illinois passes a bill to expand applicability of the insurance self-procurement tax to previously exempt Illinois-based middle market companies.
Michigan Supreme Court IBM decision sets precedent that may allow certain taxpayers to claim full refunds of the modified gross receipts tax.
Court of appeals asked to consider whether differences in sales and use tax treatment of railroads and their direct competitors are justified.
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.
Tax court finds utilities consumed in rehabilitating used tanker trailers are not exempt. Sales tax is due on electricity and natural gas purchases.
New York tribunal finds online travel company’s receipts were more properly sourced as services to the location where performed by seller.
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.
New Jersey Supreme Court affirms lower court decisions rejecting Division of Taxation’s imposition of late payment and non-abatable amnesty penalties.
Ohio H.B. 5 reforms the guidelines governing Ohio municipal income taxation, establishing a set of standards applicable to all Ohio municipalities.
The California Franchise Tax Board recently introduced a new annual filing requirement to track deferred section 1031 gain from California property.
Wisconsin DOR provides additional guidance regarding mandatory state basis adjustments related to federal bonus depreciation.
Understand the risks of multiple taxation related to sales tax on digital goods and services and learn steps you can take to avoid overpayment.
New York Tribunal holds taxpayers can file combined returns solely because combination is necessary to avoid distortion.
Managing thousands of products in multiple taxing jurisdictions is complex. Is your retail business committing one of these six common sales tax ...
Get answers to frequently asked questions about the drop shipment sales tax triangle: retailer, drop shipper, and wholesaler or manufacturer.
The sales and use tax rules on cloud computing and digital goods are foggy at best. Four key steps can help you better see the road ahead.
Connecticut classifies use tax noncompliance as a felony, creating potential for serious repercussions for taxpayers and tax preparers alike.
Maryland’s complex rules for net operating losses subject taxpayers to a high risk of error. Is an overhaul of the system in order?
Real estate and business personal property taxes, together, are one of the largest generators of state and local tax revenue. Because they are not ...
As businesses scale to meet market demands, sales tax compliance risks come into play. Protect your business against transaction tax risk.
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