Ideas & Insights

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.

An executive order was issued directing the deferral of payroll tax payments. Follow up guidance from the Treasury Department is expected.

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

New legislation allows nonprofit employers to pay 50% of their unemployment reimbursing payment obligations to states.

Finalized legislation will evolve but the proposal is a starting point for bipartisan negotiations for a new round of economic relief.

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.

Employers should use the updated Form 941 to properly report new CARES Act and FFCRA credits beginning in the second quarter of 2020.

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.