Ideas & Insights

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.

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.

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 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.

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.

Three recent cost of goods sold cases represent the highly nuanced nature of the Texas franchise tax calculation.