Ideas & Insights

Budget bill increases personal and corporate tax rates, enacts a SALT deduction workaround and makes other changes to the tax code.

The Pennsylvania Department of Revenue has issued complex guidance for employees claiming home office expense during the pandemic.

Tax bills provide Paycheck Protection Program conformity and revise pass-through entity election for s corporations.

The legislation significantly changes the corporate tax system and exempts certain COVID-19 relief from taxation.

Electing employers may withhold income tax from employee wages as if the wages were earned from work performed at a primary work location.

New Hampshire files challenge over Massachusetts regulation taxing telecommuting nonresidents with U.S. Supreme Court.

Extension of corporate surtax and expanded millionaire’s tax assists New Jersey with significant budget deficit caused by the coronavirus.

The Tennessee Department of Revenue issued guidance on the state’s conformity to section 163(j) of the Internal Revenue Code.

Eligible businesses that did not receive certain other COVID-19 relief may qualify for grants up to $250,000.

Seattle payroll expense tax to be imposed on employee compensation of at least $150,000 for businesses with $7 million or more in payroll.

Taxpayers that properly secured a first extension may file a request for a second extension on or before Aug. 17, 2020.

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.

Delaware notices advise businesses to either participate in the state’s unclaimed property VDA Program or be subject to an audit.

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.