Ideas & Insights

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.

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.

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

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.

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

New Jersey Gov. Phil Murphy has approved a bill that authorizes over $14 billion in business tax credits and incentives.

Taxpayers should plan accordingly as the states are aware of the increase in accounting methods changes due to recent federal changes.

Guidance permits tax relief for fuel removed from terminals in Milwaukee or Madison and entered into Green Bay terminals through 2021.

New Hampshire files challenge over Massachusetts regulation taxing telecommuting nonresidents with U.S. Supreme Court.

General Motors will refund Ohio $28 million in tax benefits after closing an assembly factory before the end of an incentives agreement.

Extension of corporate surtax and expanded millionaire’s tax assists New Jersey with significant budget deficit caused by the coronavirus.

IRS extended filing and paying deadlines and TTB updated disaster relief guidance for taxpayers affected by CA wildfires and IA derecho.

The Tennessee Department of Revenue issued guidance on the state’s conformity to section 163(j) of the Internal Revenue Code.

Taxpayers have until Sept. 15, 2020 to participate in the program that may reduce transfer pricing disputes and provide penalty waiver.

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

The department found the business did not engage in qualifying research or submit proper documentation to substantiate the claim.