United States
New Jersey becomes the sixth state to adopt an entity-level tax establishing a workaround to the federal SALT deduction limitation.
It should be easy to know where you live, but for state personal income tax purposes, the question becomes “where are you domiciled?”
Taxpayers with filing deadlines should carefully consult state taxing authority rules and regulations on timing filings.
Massachusetts Department of Revenue issues final guidance on application of section 163(j) Interest Expense Limitation.
The Texas Comptroller adopted a $500,000 economic nexus threshold for the state's franchise tax effective in 2020.
Both incentive programs were scheduled to sunset in 2019; receive a one-year extension under federal tax bill.
House bill, if enacted, would increase SALT deduction cap in 2019 for certain taxpayers and repeal SALT deduction cap for 2020 and 2021
Companies investing in the U.S. must consider how the new regime of state and local sales and use tax nexus may affect their organization.
Certain perishable meat manufactures, processors, and sellers may be eligible for a reduced business and occupation tax rate.
In the rush to take advantage of the qualified opportunity zones program, taxpayers may overlook the benefits of state and local tax credits
The Michigan Department of Treasury issued a letter ruling detailing the sales tax treatment of various information services.
The FTB ruled that limited partnerships disregarded for federal income tax purposes are not subject to minimum tax or filing requirements.
Final regulations on new sales and use tax registration and collection requirements address remote retailers and marketplace facilitators.
After years of litigation, a state appellate court again declared Pennsylvania’s flat dollar cap for net loss carryover unconstitutional.
Retailers should assess gift card procedures including an annual review of reporting, sales tax, unclaimed property and more.
Ohio backtracks on eliminating business income deduction for certain taxpayers after concerns over enforcement and application surface.
New law for sourcing sales of services and intangibles effective with tax years beginning on or after Jan. 1, 2020.
North Carolina joins more than 30 states adopting a marketplace facilitator nexus provision effective Feb. 1, 2020.
The Massachusetts Department of Revenue establishes a $500,000 threshold for state corporate excise tax nexus.
Join us for a discussion of 2019 state tax legislative developments and their implications on middle market businesses.