Ideas & Insights

A summary of important updates for determining deferred tax provision under ASC 740 for the quarter ending March 31, 2021.

The Iowa Department of Revenue advises taxpayers that Employee Retention Credit-related wage deduction reductions apply at the state level.

The new pass-through entity level tax may benefit some individuals subject to the $10,000 SALT deduction limitation.

The New Jersey Tax Court highlights the importance of understanding and complying with state tax appeal procedural responsibilities.

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

Shedding light on recent Texas tax law developments and how the business environment can impact taxpayers in any state.

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

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

Colorado enacts law restoring certain deductions related the to the CARES Act for both business and individual taxpayers.

IRS temporarily waives penalty for using dyed diesel fuel on the highways in Texas due to severe winter storm retroactive to Feb. 12.

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

First-of-its-kind gross receipts tax imposed on businesses deriving revenue of at least $1 million from digital advertising in Maryland.

Effective Jan. 1, 2021, the long-standing terminating business gain exclusion for unincorporated business tax purposes is eliminated.

A new nexus safe harbor is available for remote sellers making under $100,000 of sales to Chicago customers in the previous four quarters.

Iowa taxpayers making computer and computer peripheral purchases have new guidance for determining what items qualify for exemption.

A Nebraska court found that two taxpayers who moved to the U.K. did not intend to abandon their domicile for state tax purposes.

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

Utilizing data as a tool to drive greater efficiency and better decision-making in your nonprofit organization.

The Texas Comptroller of Public Accounts has finalized revised rules making significant changes to franchise tax apportionment.

States may not allow the gross income tax exclusion provided by the federal program, resulting in taxable discharge of indebtedness income.