The entity-level tax election is effective for tax years beginning on or after Jan. 1, 2021 and ending before Jan. 1, 2026.
The entity-level tax election is effective for tax years beginning on or after Jan. 1, 2021 and ending before Jan. 1, 2026.
Legislation would have created an elective pass-through entity tax intended to reduce the impact of the federal limitation.
Minnesota updates conformity to include recent federal coronavirus legislation and offers a pass-through entity workaround.
Biennial legislation cuts taxes, offers more refundable research credit expenses and allows pass-through entities to claim certain credits.
California FTB amends remote worker nexus guidance, teleworking employees will create nexus and exceed P.L. 86-272 protections.
The changes reduce the number of brackets, provide for future rate reductions and establish a rate cap for high-earners.
Individual income tax rate reductions and bracket changes will benefit taxpayers as well as favorable withholding changes.
A summary of important updates for determining deferred tax provision under ASC 740 for the quarter ending June 30, 2021.
Missouri is the final state to adopt an economic sales tax nexus standard following the 2018 South Dakota v. Wayfair decision.
Nebraska broadly exempts manufacturing inputs used by ethyl alcohol producers from the sales and use tax effective Oct. 1, 2021.
Trio of tax bills impact individual and business filers with significant corporate income tax changes scheduled for 2022.
Arizona budget proposals reduce rates, keep the flat tax alive for future years, and provide a rate cap for high earners.
New Jersey budget deal commits less than 5% of the state’s budget surplus to tax relief, ignoring mobile individuals and businesses.
Significant tax changes made to GILTI, bonus depreciation, net operating loss limitations and the phase-out of the state’s franchise tax.
Tax bill makes significant changes to rules affecting income taxes, inheritance taxes, credits, bonus depreciation and federal conformity.
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.
Purchasers of software to be used in multiple jurisdictions can apportion sales tax and may be able to seek a refund of tax paid.
The first-in-the-nation digital advertising tax is postponed for one year until 2022 while the state prepares regulations and guidance.
Nebraska enacts corporate income tax rate reductions over the next two years while promising more reductions in subsequent measures.
Oklahoma tax bills revise the corporate, pass-through entity workaround and individual income tax rates for 2022.
Washington bill applies a retroactive tax on captive insurance premiums covering in-state risks from Jan. 1, 2011.
States may not allow the gross income tax exclusion provided by the federal program, resulting in taxable discharge of indebtedness income.
Some exempt organizations will be subject to Virginia’s informational reporting requirement for unitary businesses, due July 1, 2021.
New capital gains tax to be imposed at 7% on net gains of individuals in excess of $250,000 beginning Jan. 1, 2022.
Arkansas legislatively reverses the state’s convenience of the employer test used to determine taxation of nonresident employees.
Tax bill requires remote sellers with over $100,000 in sales in the state to collect and remit sales taxes beginning July 1, 2021.
The newly enacted optional tax may provide significant opportunity to taxpayers, and in particular, owners of financial service firms.
In addition to market sourcing and single-sales factor apportionment, the state adopts a withholding threshold for certain mobile workers.
Budget bill increases personal and corporate tax rates, enacts a SALT deduction workaround and makes other changes to the tax code.
Findings will be used by the legislature to determine whether Virginia should adopt mandatory unitary combined filing.
Beginning for the April tax period, certain taxpayers are subject to advance payment requirements despite a longer return filing period.
A summary of important updates for determining deferred tax provision under ASC 740 for the quarter ending March 31, 2021.
The Iowa Department of Revenue advises taxpayers that Employee Retention Credit-related wage deduction reductions apply at the state level.
The new pass-through entity level tax may benefit some individuals subject to the $10,000 SALT deduction limitation.
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.
Shedding light on recent Texas tax law developments and how the business environment can impact taxpayers in any state.
Delaware notices advise businesses to either participate in the state’s unclaimed property VDA Program or be subject to an audit.
Tax bills provide Paycheck Protection Program conformity and revise pass-through entity election for s corporations.
Colorado enacts law restoring certain deductions related the to the CARES Act for both business and individual taxpayers.
IRS temporarily waives penalty for using dyed diesel fuel on the highways in Texas due to severe winter storm retroactive to Feb. 12.
The legislation significantly changes the corporate tax system and exempts certain COVID-19 relief from taxation.
First-of-its-kind gross receipts tax imposed on businesses deriving revenue of at least $1 million from digital advertising in Maryland.
Effective Jan. 1, 2021, the long-standing terminating business gain exclusion for unincorporated business tax purposes is eliminated.
A new nexus safe harbor is available for remote sellers making under $100,000 of sales to Chicago customers in the previous four quarters.
Iowa taxpayers making computer and computer peripheral purchases have new guidance for determining what items qualify for exemption.
A Nebraska court found that two taxpayers who moved to the U.K. did not intend to abandon their domicile for state tax purposes.
Electing employers may withhold income tax from employee wages as if the wages were earned from work performed at a primary work location.
The Texas Comptroller of Public Accounts has finalized revised rules making significant changes to franchise tax apportionment.
Businesses with San Francisco activity should be prepared to understand a number of recent changes and updates to city tax law.
New Jersey Gov. Phil Murphy has approved a bill that authorizes over $14 billion in business tax credits and incentives.
Taxpayers should plan accordingly as the states are aware of the increase in accounting methods changes due to recent federal changes.
Georgia has expanded the state jobs tax credit to apply to businesses hiring telecommuting employees in 2020 or 2021.
Guidance permits tax relief for fuel removed from terminals in Milwaukee or Madison and entered into Green Bay terminals through 2021.
Four states have adopted or are considering budgets without significant tax increases even considering pandemic shortfalls.
New Hampshire files challenge over Massachusetts regulation taxing telecommuting nonresidents with U.S. Supreme Court.
Looming budget shortfalls coupled with tax-related ballot measures in many states could significantly affect 2021.
A business did not owe tax on service contract fees, finding the receipts were sourced out-of-state rather than to in-state customers.
General Motors will refund Ohio $28 million in tax benefits after closing an assembly factory before the end of an incentives agreement.
Extension of corporate surtax and expanded millionaire’s tax assists New Jersey with significant budget deficit caused by the coronavirus.
IRS extended filing and paying deadlines and TTB updated disaster relief guidance for taxpayers affected by CA wildfires and IA derecho.
The Tennessee Department of Revenue issued guidance on the state’s conformity to section 163(j) of the Internal Revenue Code.
Taxpayers have until Sept. 15, 2020 to participate in the program that may reduce transfer pricing disputes and provide penalty waiver.
Eligible businesses that did not receive certain other COVID-19 relief may qualify for grants up to $250,000.
The department found the business did not engage in qualifying research or submit proper documentation to substantiate the claim.
A judge found that taxpayers did not abandon their residency and were therefore still subject to Arkansas personal income tax.
Seattle payroll expense tax to be imposed on employee compensation of at least $150,000 for businesses with $7 million or more in payroll.
The state will decouple from CARES Act net operating loss, interest expense and excess business losses provisions.
Taxpayers that properly secured a first extension may file a request for a second extension on or before Aug. 17, 2020.
California Office of Tax Appeals determined that a construction company could not use a resale certificate for material purchases.
Expanded eligibility ending Nov. 30, 2020 presents an opportunity for businesses to come into compliance with certain state taxes.
The revised sales tax nexus standards reduce the current $500,000 threshold to $100,000 beginning Oct. 1, 2020.
Revised conformity excludes certain net operating loss and excess business loss provisions effective for 2019 tax years.
The state will decouple from the taxpayer-friendly interest expense and net operating loss provisions of the federal CARES Act.
Expansive tax bill provides taxpayer-friendly changes while balancing reduced tax revenue in the COVID-19 economy.
Fiscal year 2021 budget includes temporary tax changes in order to generate much needed revenue in the COVID-19 economy.
New York enacts legislation further decoupling New York City corporate and UBT taxes from certain CARES Act provisions.
Refundable credit receives taxpayer-friendly updates, including increased availability and extended application deadline and sunset dates.
Delaware notices advise businesses to either participate in the state’s unclaimed property VDA Program or be subject to an audit.
The Office of Tax Appeals determined that the taxpayer did not show that it undertook a process of experimentation.
Taxpayer permitted alternative apportionment when calculating Michigan sourced income from the sale of an out-of-state business.
President held personally liable for unpaid income tax withholding even after another corporate officer found responsible.
Effective July 1, Maryland has exempted from sales and use tax the sale of certain personal property to qualified data centers.
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.
Proposed budget would freeze planned rate reductions and calls for a non-resident wage tax increase to offset the impact of COVID-19.
Taxpayer-friendly measures provide interest waivers, extension of limitations periods and assistance to impacted businesses.
The Arizona Court of Appeals upheld a lower court finding that a CEO was responsible for unremitted transaction privilege tax.
The COVID-19 pandemic may relieve recipients of tax incentives from the recapture provisions under the Nebraska Advantage Act.
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.
California-based employers have limited window to submit requests for cash grants from COVID-19 related employee training program.
The bills address the state's IRC conformity as it relates to new federal section 163(j) limitation rules, among other provisions.
Three recent cost of goods sold cases represent the highly nuanced nature of the Texas franchise tax calculation.
Delaware notices advise companies to either participate in the state’s unclaimed property VDA Program or be subject to an audit.
Widespread availability of credits and economic incentives during the COVID-19 pandemic may help businesses increase cash flow.
Financial services businesses providing software and services to Illinois customers may have multiple transaction tax obligations.
Publicly traded companies located in Illinois may be subject to new demographic reporting requirements by Jan. 1, 2021.
Last year’s service-based and advanced computing business surcharges receive significant makeover after public concern.
The ACA’s shared responsibility penalty on individuals without health insurance no longer applies after 2018, but state penalties may apply.
Online software products allowing remote access to a host computer as well as screen sharing capabilities were taxable.
Favorable classification available for retailers selling private label products and consumer products companies using contract manufacturing
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.
The Texas Comptroller adopted a $500,000 economic nexus threshold for the state's franchise tax effective in 2020.
Certain perishable meat manufactures, processors, and sellers may be eligible for a reduced business and occupation tax rate.
The Michigan Department of Treasury issued a letter ruling detailing the sales tax treatment of various information services.
Ohio backtracks on eliminating business income deduction for certain taxpayers after concerns over enforcement and application surface.
North Carolina joins more than 30 states adopting a marketplace facilitator nexus provision effective Feb. 1, 2020.
Minnesota tax-exempt organizations may find some relief knowing that the state does not conform with two major federal changes.
Pennsylvania Department of Revenue issues guidance that administratively implements economic nexus for corporate net income tax.
Arizona Supreme Court finds online travel companies must collect tax on service fees and mark-ups paid to book hotel rooms.
Beginning in 2020, some individual taxpayers working remotely in Illinois will have a 30-day safe harbor from the state income tax.
New Jersey Division of Taxation rescinds unpopular GILTI and FDII allocation guidance issued in December; new guidance expected shortly.
Senate Bill 1591 provides an income tax credit for qualified apprentice education expenses through Dec. 31, 2024.
The state has indicated that it will enforce economic sales tax nexus on Oct. 1, 2019, without a minimum sales or transaction threshold.
Senate Bill 523 provides a definition for certain digital goods and clarifies tax treatment for items without a tangible equivalent.
Washington Court of Appeals determined the graduated income tax to be impermissible under a uniformity requirement.
Ohio budget bill makes a number of changes to Ohio’s tax code expecting to result in millions in tax cuts; sales tax nexus addressed.
The California fiscal year 2020 budget addresses TCJA conformity and other new and amended state tax provisions.
California amends the effective date for district remote seller nexus requirements; offers penalty relief for certain marketplace sellers.
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.
The 2019 legislature passed several tax changes, issued marketplace facilitator rules and provided additional credits and incentives.
Learn more about the recent South Dakota v. Wayfair, Inc. U.S. Supreme Court decision and how it could affect private clubs.
Modernization addresses Alabama’s Opportunity Fund, Jobs Act Credit, federal opportunity zones and other incentive provisions.
Pass-through entity tax election for the 2019 tax year due June 28, 2019; election window will close until next calendar year.
Minnesota’s long-awaited conformity bill presents new challenges for individual and corporate taxpayers; remote seller provisions modified.
Alabama makes significant reforms to the Financial Institution Excise Tax by establishing estimated payments and redefining net income.
District of Columbia OTR will no longer require an affirmation letter from an organization renewing its tax-exempt status.
The Historic Rehabilitation Credit, Quality Jobs Tax Credit, and Manufacturing Investment Tax Credit are all impacted by new legislation.
Program offers credit against the corporation business tax and the gross income tax for certain digital media content expenses.
Colorado adopts RUUPA with minor variations; shortens dormancy for many property types, and eliminates the standard deduction.
Justices express concern over North Carolina’s tax on the undistributed trust income earned for the benefit of a resident.
Unclaimed property trends and modernization are highlighted at the 2019 Unclaimed Property Professionals Organization conference.
Budget bill address GILTI, qualified manufacturers, sales tax nexus, personal income tax rate extensions and property tax rate caps.
Tax bill reduces corporate tax rate and adopts single-sales factor apportionment and NOL changes; enacts remote sales tax provisions.
The New Jersey Division of Taxation's website for the mandatory registration of a combined group by its managerial member is now available.
Tax bill reduces nexus thresholds and amends provisions of the business and occupation tax; addresses remote sales tax collection.
Department clarifies that the high-technology data center equipment exemption is available to customers of data centers.
Legislation enacts Wayfair-styled economic sales tax nexus thresholds and marketplace facilitator provisions, effective July 1, 2019.
Legislation would have addressed various tax reform provisions, conformity, and remote seller sales tax nexus.
The IRS announced tax relief, including extended deadlines, for counties in NE and IA affected by the recent winter storm and flooding.
The IRS announced tax relief, including extended deadlines, to Lee County, Alabama, which was impacted by recent storms.
New and increased San Francisco gross receipts taxes take effect in 2019; economic nexus standard of $500,000 adopted.
The bill decouples from the SALT deduction cap, increases the standard deduction and addresses GILTI and 163(j) income.
New life sciences businesses can earn up to a maximum tax benefit of $1.5 million in tax credits over three years.
Government Contracting is a growing market with increasing development activities that provide opportunities to claim the R&D tax credit.
Efficiently and effectively manage your global value added tax compliance with a strong risk management process.
Sales and use tax registration and collection are required when a remote seller exceeds $300,000 of sales in over 100 transactions.
New Jersey Division of Taxation provides updates to its section 965 reporting procedures in an effort to streamline compliance obligations.
The ability of automakers and suppliers to include tooling expenses in their R&D credit can create a tremendous benefit.
Texas amends nexus rules providing for a $500,000 sales threshold for remote sales tax collection, effective Oct., 2019.
Economic sales tax nexus enforcement to begin on April 1, 2019 with adoption of $100,000 sales or 200 transaction thresholds.
Rate reduction triggered after revenue metrics achieved; draft TCJA guidance published addressing the personal income tax.
Workaround aims to address the federal $10,000 SALT deduction cap; enacts economic nexus for out-of-state retailers.
Amended rules address apportionment and allocation of income from partnership interests owned by corporate partners.
Tax Amnesty program begins Nov. 15, 2018 and runs for 60 days; offers waiver of penalties and reduced interest.
California conforms to the federal audit reporting rules for partnerships, and the Franchise Tax Board provides tax payment confirmations.
The IRS announced tax relief, including extended deadlines, to certain California counties impacted by the wildfires.
San Francisco voters approved Proposition C, the Homelessness Gross Receipts Tax Ordinance, effective Jan. 1, 2019.
The supplemental budget bill addresses the inclusion of global intangible low-taxed income for personal and corporate income tax purposes.
South Dakota and the three online retailer taxpayers party to the Wayfair litigation reach an agreement to begin sales tax collection.
Franchise Tax Board further modifies existing guidance for business entity members of LLCs following the Swart decision.
New Jersey enacts remote seller sales tax nexus provisions previously announced in guidance, effective Nov. 1, 2018.
The Georgia Department of Revenue has issued guidance on the state’s new economic sales tax nexus provisions effective Jan. 1, 2019.
Michigan Department of Treasury issues guidance regarding a purchaser’s successor liability for the unpaid taxes of an acquired business.
The IRS announced tax relief, including extended deadlines, to certain North Carolina counties impacted by Hurricane Florence.
The IRS has released preliminary information regarding relief for taxpayers and tax preparers in areas affected by Hurricane Florence.
Litigation preventing enforcement of Indiana’s economic sales tax nexus law ends as litigants settle with the department.
New Jersey fiscal year 2019 budget increases conformity of the state research and development tax credit to the current federal provisions.
IRS’ attempt to re-characterize loan as a distribution from subsidiary’s earnings fails under debt-equity principles.
Washington state will require out-of-state businesses meeting a Wayfair-style sales or transaction threshold to collect sales tax.
The State of Pennsylvania has established a new R&D tax credit online application submission and processing portal.
The elimination of the sales and use tax physical presence could have a profound impact on the tax compliance obligations of auto suppliers.
Major provisions include the state response to federal tax reform, market-based sourcing, and a tax amnesty program.
Economic sales tax nexus laws permitted by the Court; physical presence sales tax nexus is no longer the Constitutional standard.
Provides additional considerations when determining a person’s residency, reinstates the direct appeal from Ohio BTA to Ohio Supreme Court.
The effort to impose a surtax on incomes over a million dollars would have generated an estimated two billion in yearly revenue.
Due to recent legislation, pass-through entities are now required to make estimated tax payments throughout the course of the tax year.
Illinois’ FY19 budget legislation easily passes the general assembly with minor tax changes, including sales tax nexus expansion.
State tax reform package includes two workarounds to the state and local tax deduction limitation; decouples from TCJA provisions.
Taxpayers who have already filed a 2017 tax return and included the section 965 amounts should amend their return.
Mayor expected to sign employee “head tax” on businesses with Seattle sourced taxable gross income exceeding $20 million.
Taxpayer appeals the Pennsylvania Supreme Court's remedy after finding the net loss carryforward unconstitutional.
Washington Department of Revenue encourages remote sellers to come forward by offering penalty reduction and limited look back.
Maryland continues single-sales factor apportionment adoption trend; includes five-year phase-in beginning with the 2018 tax year.
The Relieve High Unemployment Tax Incentives Act provides property tax abatements, employment tax credits and tenant credits.
The Franchise Tax Board issued the fourth and final report on the state’s conformity to the Federal Tax Cuts and Jobs Act of 2017.
Eligible businesses may subtract certain property, payroll and sales from apportionment factors to reduce state taxable income.
Responding to federal tax reform, New York addresses the state and local tax deduction and the new federal international tax provisions.
Taxpayers often experience compliance challenges, but managing risks affords taxpayers an opportunity to get ahead of common CAT missteps.
Indiana enacts law exempting the right to remotely access prewritten computer software from Indiana’s seven percent sales and use tax.
Nebraska aims to better understand its return on investment with improved performance auditing of tax incentives
Following up on another recent tax bill, Idaho updates conformity for 2018 tax years, and reduces personal and corporate tax rates.
California Franchise Tax Board issues first of three reports discussing implications of recent federal tax reform.
Alabama’s tax amnesty program will apply to most taxes, provide penalty and interest waiver, and run for three months beginning in July.
Michigan responds to federal tax reform, maintains and increases the state personal exemption for the 2018 tax year.
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 ...
Virginia and West Virginia legislation aims to address state conformity with federal tax reform, but take markedly different approaches.
Qualifying New Jersey technology and biotech companies may sell unused NOLs and R&D credits to certain corporate taxpayers.
FTB provides state guidance on federal tax reform addressing the medical expense deduction, the SALT deduction and repatriation.
Tax incentives focused on job growth and investment, many of which have already expired, extended through budget legislation.
Commercial Rent Tax benefits include increase in tax exemption threshold amount and credit for certain lower rents and incomes.
State erred by sourcing an online university’s revenue based on market sourcing rather than the location of its income-producing activities.
The Ohio Supreme Court provides guidance on determining whether temporary labor is assigned on a permanent basis.
The high-income earners tax, currently scheduled to go into effect on Jan. 1, 2018, has received multiple challenges since passing.
Florida Supreme Court found the CST constitutional, even though it imposes a higher tax rate on satellite companies than cable companies.
Earlier this spring, Florida Gov. Rick Scott signed House Bill 7109, providing for a reduction in the real property rental sales tax effective Jan....
Employer leave-based donation programs let employees forgo personal leave in exchange for cash payments to charities for disaster relief.
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 ...
Tax bill closes budget shortfalls by limiting net loss carryforwards and enacting remote seller and use tax reporting provisions.
Pennsylvania Supreme Court finds net loss carryforward limitation unconstitutional; severs fixed dollar amount cap.
Ohio decision is reminder to understand tax implications of supplemental executive retirement plan income at the local jurisdiction level.
The IRS has provided disaster relief, including retirement accounts, to the taxpayers affected by the wildfires in California.
Illinois' Invest in Kids Act provides favorable corporate and individual income tax credits for qualified contributions to scholarship granting ...
California taxpayers located in several counties are eligible for disaster-related benefits such as filing and payment extensions.
The IRS announced tax relief to certain northern California counties impacted by the recent outbreak of wildfires.
In 2015, Washington state made sweeping changes to its unclaimed property law and opened an amnesty program. Unclaimed property holders that did ...
Anticipated regulations address unclaimed property examinations; create deadlines for holders to convert examinations and enter into VDAs.
Retailer merchandise credits were similar to “gift certificates” and not subject to escheat under state’s unclaimed property law.
”Cookie nexus” regulation becomes effective following withdrawn policy directive; sales threshold measured from 12 months preceding Oct. 1.
Ohio Development Services Agency announces fiscal year 2018 workforce training program application period; $25,000 in maximum grants.
Wisconsin enacts legislation intended to promote growth in the state and close budget gaps with both tax reductions and increases.
The IRS expands tax relief for taxpayers and return preparers located in Georgia and affected by Hurricane Irma.
Illinois extends sunset of the Economic Development for a Growing Economy and Angel Investment tax credits for an additional five years.
In response to the devastation from Hurricane Harvey, the IRS, Texas and other states have provided guidance on extended filing deadlines. Texas ...
The South Dakota Supreme Court rejects a law directly challenging Quill v. North Dakota’s physical presence nexus standard.
The IRS announcement describes relief for taxpayers and return preparers located with in the declared disaster areas.
Employee benefit plans affected by Hurricane Irma may find regulatory relief provided by the IRS, Department of Labor and PBGC.
IRS extends relief to additional taxpayers affected by Hurricane Harvey by adding to the list of eligible Texas counties.
Department of Taxation provides details on amnesty-eligible taxes, periods and disqualifications; explains payment procedures.
The amount of vacation, sick or personal leave that employees forgo for their employers to make a charitable contribution is not taxable.
Potential refund opportunities for taxpayers calculating a non-income tax using apportionment factors related to treaty-exempt income.
The IRS, Department of Labor and PBGC combine to offer regulatory relief for employee plans affected by Hurricane Harvey.
Taxpayers in designated Texas counties have until Jan. 31, 2018 to file certain tax returns and make certain tax payments.
The state has published a central portal for information related to the new remote seller provisions enacted by the recent budget bill.
Taxpayers in declared disaster areas are eligible for postponement of state tax payments under certain conditions.
Voluntary disclosure program targets remote sellers with click-through or referral arrangements with New Jersey parties.
Amnesty period begins this winter, benefits include complete waiver of penalties, and partial waiver of interest.
Although not appropriate for every construction company, an ESOP carries several inherent advantages and is growing in popularity.
Recently, the Ohio Board of Tax Appeals issued a decision addressing the situsing of sales under the state’s Commercial Activity Tax (CAT). In ...
MA high court unconvinced sales tax drop shipment rule discriminates against interstate commerce for nexus-established wholesaler.
Comptroller policy letter ruling addresses credit loss under late-filed reports and claiming a credit when a member leaves a combined group.
Missouri delays implementation of IBM decision to allow time to address the extent of the sales and use tax manufacturing exemption.
Budget bill provides rate reductions for both the corporate income tax and personal income tax, increases the personal deduction
Analyzing recent FTB guidance on determining whether a taxpayer can take a credit or deduction for taxes “paid” to another state.
Washington state budget bill includes use tax notification and reporting requirements and economic nexus provisions for retailing B&O tax.
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.
Changes to recent unclaimed property legislation provide for various technical clarifications, additional time for adoption of regulations.
Missouri bill exempts "usual and customary" separately stated delivery charges, providing consistent tax treatment to shipping charges.
Policy directive would have established sales tax nexus for remote vendors making over $500,000 of sales in 100 or more transactions.
General Assembly establishes two new agencies to replace Board of Equalization’s tax appeals and tax administration functions.
S-corporations doing business in California and that have NRBIGs are required to apportion those gains to California. However, taxpayers and tax ...
The State of Washington has provided statutory and regulatory guidance on the application of the B&O tax to import activity.
The first round of funding for the California Competes Tax Credit for FY 2017-18 opens July 24, 2017, and will close on Aug. 18, 2017.
Revenue raisers will impact individuals and pass-through entities; many are retroactive to the beginning of 2017.
Amnesty period begins in September 2017; benefits include complete waiver of penalties, interest and other collection fees.
Michigan Supreme Court had declined to hear appeals over decision finding the state’s retroactive repeal of the MTC constitutional.
Arizona enacts three bills providing favorable modifications to several existing state credits and incentives programs.
Bill establishes sales tax nexus for remote vendors making over $100,000 of sales or 200 or more separate transactions into the state.
Construction contractors must be well-versed on the state’s classifications options to avoid over or under payment of sales and use tax.
Newly announced proposal draws heavily on President Trump’s campaign proposals; many critical details are not addressed.
Department of Revenue Services provides guidance on recent legislative apportionment changes to the state business tax and income tax.
2017 tax amnesty program will run for a 60-day period and offers waiver of penalties and half the interest due for eligible liabilities.
For California purposes, section 382 applies on a pre-apportionment basis, RBIGs, NUBIGs, RBILs and NUBILs on a post-apportionment basis.
Incentives package focuses on various income, property, and sales and use tax incentives for manufacturers adding jobs in the state.
Parties enter into settlement agreement shortly before a petition to the U.S. Supreme Court was due, ending the litigation.
Budget proposals include reducing the business income tax rate, increasing personal exemption rates and broadening the sales tax base.
Mechanics of a unique depreciation method in North Carolina allows for bonus depreciation planning opportunities.
Pennsylvania Department of Revenue removes letter ruling on the taxability of previously nontaxable software support services.
Many states and localities offer taxpayers rate reductions and other benefits for prepayment of taxes. So, should you prepay? The answer to that ...
Department provides guidance to taxpayers affected by LaBelle Management decision, gives retroactive effect for all open tax years.
Remote sellers owning inventory held by Virginia fulfillment service providers now deemed to have sufficient activity for sales tax nexus.
Tax Tribunal affirms on rehearing that the rule calculating the taxes paid to other states credit was contrary to the authorizing statute.
Digital Marketing Associations (DMA) Colorado sales and use tax notice and information reporting saga ends in settlement.
FTB declines appeal of decision finding that 0.2 percent interest in a manager-managed LLC did not constitute ‘doing business’ in the state.
Tax reform legislation aimed to address cascading revenue shortfalls fails to survive governor’s veto, despite efforts to override.
Taxpayers and preparers may be required to provide state driver’s license information as an increasing number of states include the mandate in ...
Eligible taxpayers receive generous benefits including complete waiver of penalties and 50 percent waiver of interest.
Massachusetts Supreme Judicial Court previously affirmed its decision that held FIET sourcing rule did not violate internal consistency.
Recently, Pennsylvania Gov. Wolf announced his proposed budget for the Commonwealth’s fiscal year. The estimated deficit for the Commonwealth is ...
Universal Paid Leave Amendment Act of 2016 provides for one of the most expansive paid employee and family leave protections in the country.
Delaware enacts major unclaimed property reform, incorporating provisions from the RUUPA and addressing current challenges.
Taxpayer favorable changes to the Virginia R&D Tax Credit were recently passed that provide additional benefit to Virginia taxpayers.
Recently, the New York State Comptroller quietly revised the 2017 unclaimed property voluntary compliance agreement reducing the reportable period ...
California biotech firm sees larger corporate tax bill after Massachusetts high court determination that it was engaged in manufacturing.
The District of Columbia has joined the growing movement towards putting an end to the “tampon tax” – a sales tax on tampons and other feminine ...
Taxpayer appeals to Supreme Court on ability to elect the MTC’s three-factor apportionment formula in calculating California franchise tax.
Pennsylvania Supreme Court to hear oral arguments in net loss carryforward limitation case, requests parties to consider Mount Airy decision.
Overrules commissioner’s tax avoidance arguments for taxpayers that followed letter of the law in claiming the election.
Tax bill will fund transportation projects with gas tax increase, also offering sales tax rate reductions and personal income tax benefits.
Twenty-three states challenge the escheat of MoneyGram official checks, claiming instruments should have escheated to state of purchase.
State enforces 29 percent late payment penalty on businesses that have not filed annual reconciliations of apportionable income.
Complaint that Delaware’s unclaimed property law was preempted by federal law and audit requests were illegal search and seizures dismissed.
Illinois department adopts guidelines for rebutting the presumption that nexus is established through click-through agreements.
California FTB adopts market-based sourcing amendments clarifying sourcing of receipts from marketable securities and interest income.
Indiana issues guidance pursuant to the Wynne decision for credits against local income tax for taxes paid to out-of-state localities.
Federal District Court finds that Delaware’s unclaimed property methodology and audit techniques violate substantial due process.
Indiana tax court finds a metal processor eligible for sales and use tax exemptions as a producer of scrap steel for sale.
Massachusetts reforms economic development incentive program and creates angel investor credit and college savings tax incentive program.
New York tax tribunal determines that a taxpayer with extensive Florida connections did not change domicile for 2007 tax year.
Pennsylvania enacts budget bill providing new sales tax on digital goods, tax amnesty program and return due date changes, among others.
Ohio enacts legislation exempting digital advertising services after release of department guidance interpreting those services as taxable.
Massachusetts Supreme Judicial Court holds that a trustee-bank is subject to the fiduciary income tax as an inhabitant of the Commonwealth.
The Michigan Department of Treasury issues guidance paving the way for sales and use tax refund claims for SaaS and cloud-based purchases.
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...
Arizona department reevaluates LR13-006, finding cloud storage services are subject to the transaction privilege tax
Alabama’s economic sales and use tax nexus regulation providing substantial nexus to remote retailers receives its first challenge.
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.
Connecticut enacts bills to implement market-based sourcing and unified apportionment methodology.
District of Columbia adopts second round of emergency legislation necessary to preserve 2016 reduced franchise tax rate.
Texas comptroller proposes retroactive rule amendments to narrow the application of the reduced retailer/wholesaler franchise tax rate.
Arizona enacts broadly applicable tax amnesty that provides for complete waiver of interest and penalties.
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.
Private equity companies have become inundated with state income tax issues as portfolio company investments have shifted to partnerships and LLCs.
Oklahoma Governor signs remote seller sales tax bill implementing attributional nexus rules and disclosure requirements.
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.
New Jersey Tax Court rules that a taxpayer was required to add back related party interest expense because addback was not unreasonable.
Alabama Department of Revenue launches dedicated website for upcoming 2016 amnesty program and provides guidance regarding amnesty terms.
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.
A significant unclaimed property decision by a California court may indicate a refund opportunity for retailers. Are there opportunities elsewhere?
Massachusetts DOR to hold a 60-day amnesty program commencing April 1, 2016 and ending May 31, 2016. This program is open to non-filers.
Michigan Court of Appeals rules that the Multistate Tax Compact apportionment election is available for Single Business Tax years.
U.S. Supreme Court denies certiorari in a case challenging California’s unclaimed property owner notification and escheatment requirements.
North Carolina requires certain corporate taxpayers to submit a market-based sourcing informational report on or before April 15, 2016.
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.