Ideas & Insights

Today, the House of Representatives passed the CARES Act on a voice vote and the President signed the bill enacting it into law.

Businesses feeling the economic distress of COVID-19 should consider how to maximize cash flow and stay current with state tax

Federal income tax filing and payment relief extension to July 15, 2020 may not apply to all state income tax filings.

State and local tax filing and penalty relief guidance in response to COVID-19 has accelerated as deadlines approach.

Financial services businesses providing software and services to Illinois customers may have multiple transaction tax obligations.

Limited sales and use tax filing and payment relief has been included in some of the state and local COVID-19 response guidance.

Congress, the White House and Treasury have taken action to assist businesses and individuals cope with business issues.

New proposed regulations provide helpful examples of business entertainment and meals deductions still permissible after TCJA restrictions.

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

Publicly traded companies located in Illinois may be subject to new demographic reporting requirements by Jan. 1, 2021.

Massachusetts rejects change in domicile after Florida home purchase, driver’s license change and new voter registration.

Department issued compliance alert explains the sales and use tax collection responsibilities for marketplace facilitators and sellers.

Last year’s service-based and advanced computing business surcharges receive significant makeover after public concern.

Online software products allowing remote access to a host computer as well as screen sharing capabilities were taxable.

Fund management companies face difficult challenges in determining their state income tax filing obligations and apportionment rules.

Six weeks after enacting significant tax changes, the Utah legislature and governor repealed the entire tax reform package.

This article discusses state, county, and local-level credits and incentives a company should consider in evaluating investment into the US.

The Wayfair decision goes beyond just retail and can impact manufacturers that sell exempt to resellers or distributors.

Corporate income tax regulations provide procedures for pass-through entities to elect to be taxed as C corporations.

Holders of IRAs may need to withhold 10% federal tax and file Form 1099-R when escheating certain IRA distributions.