Tax Alerts
Tax Briefing(s)
Identity thieves now targeting businesses, IRS warns
The IRS recently reported good news about tax-related identity theft. Since 2015, the IRS has seen a decrease in identity theft of individuals. However, identity thieves are stepping up their scams ag...
The IRS recently reported good news about tax-related identity theft. Since 2015, the IRS has seen a decrease in identity theft of individuals. However, identity thieves are stepping up their scams ag...
401(k) loan taxable when payments missed
A loan from a 401(k) plan can be a valuable source of funds, especially when most other avenues for quick cash are unavailable. Aside for the admonition that retirement savings need to be kept for ret...
A loan from a 401(k) plan can be a valuable source of funds, especially when most other avenues for quick cash are unavailable. Aside for the admonition that retirement savings need to be kept for ret...
IRS examiners given instructions on handling partnership audit elections
The IRS has provided interim guidance to its examiners on handling early "opt-in" elections for the new centralized partnership audit regime, for tax periods beginning after November 2, 2015, and befo...
The IRS has provided interim guidance to its examiners on handling early "opt-in" elections for the new centralized partnership audit regime, for tax periods beginning after November 2, 2015, and befo...
No “direct entry” allowed into less onerous offshore disclosure program
The D.C. Circuit Court of Appeals has affirmed that the Anti-Injunction Act (AIA) bars a taxpayer from switching from the earlier Offshore Voluntary Disclosure Program (OVDP) to the more favorable Str...
The D.C. Circuit Court of Appeals has affirmed that the Anti-Injunction Act (AIA) bars a taxpayer from switching from the earlier Offshore Voluntary Disclosure Program (OVDP) to the more favorable Str...
Pre-game meals fully deductible as de minimis fringe
Rebuffing the IRS, the Tax Court has found that a professional sports team (reportedly, the Boston Bruins) could deduct the full cost of pre-game meals for away games. The Tax Court held that the meal...
Rebuffing the IRS, the Tax Court has found that a professional sports team (reportedly, the Boston Bruins) could deduct the full cost of pre-game meals for away games. The Tax Court held that the meal...
Not all penalties/interest may be suspended for disaster victims
IRS Chief Counsel has clarified that taxpayers affected by disasters, who had taxes due prior to the start of the postponement period granted for disaster relief, and who did not pay before that due d...
IRS Chief Counsel has clarified that taxpayers affected by disasters, who had taxes due prior to the start of the postponement period granted for disaster relief, and who did not pay before that due d...
Supreme Court upholds ERISA exemption for church-affiliated pension plans
The U.S. Supreme Court, in Advocate Health Care Network v. Stapleton, SCt., June 5, 2017, has held that a defined benefit (DB) plan maintained by a principal-purpose organization, one controlled by or...
The U.S. Supreme Court, in Advocate Health Care Network v. Stapleton, SCt., June 5, 2017, has held that a defined benefit (DB) plan maintained by a principal-purpose organization, one controlled by or...
Chief Counsel limits reach of Mescalero in employment tax discovery
In what is likely not to be the end of the matter, IRS Chief Counsel has advised that the Tax Court decision on Mescalero, 148 TC —, No. 11, Dec. 60,867, earlier this year does not stand for the...
In what is likely not to be the end of the matter, IRS Chief Counsel has advised that the Tax Court decision on Mescalero, 148 TC —, No. 11, Dec. 60,867, earlier this year does not stand for the...
Over- and underpayment interest rates remain same for third quarter 2017
Although the Federal Reserves’ gradual interest rate increases may eventually impact the interest rates that the IRS uses to bill underpayments and pay on overpayments, they have not yet reached...
Although the Federal Reserves’ gradual interest rate increases may eventually impact the interest rates that the IRS uses to bill underpayments and pay on overpayments, they have not yet reached...
Tax Court finds lack of profit motive in auto racing business
An automobile racing enthusiast lacked an actual profit motive in running his business, the Tax Court has recently held. The taxpayer genuinely enjoyed racing but his pattern of losses as well as &ldq...
An automobile racing enthusiast lacked an actual profit motive in running his business, the Tax Court has recently held. The taxpayer genuinely enjoyed racing but his pattern of losses as well as &ldq...
Software engineer denied deductions for Executive MBA degree
Expenses for an MBA degree may or may not be deductible depending upon a taxpayer’s current employment situation. Take two close cases with opposite results:In Creigh, TC Summary Opinion 2017-26...
Expenses for an MBA degree may or may not be deductible depending upon a taxpayer’s current employment situation. Take two close cases with opposite results:In Creigh, TC Summary Opinion 2017-26...
President directs IRS to exercise discretion in enforcement of “Johnson amendment”
An Executive Order, issued on May 4, directs the IRS to exercise maximum discretion in its enforcement of the "Johnson amendment" concerning Code Sec. 501(c)(3) charitable/religious organizations. &nb...
An Executive Order, issued on May 4, directs the IRS to exercise maximum discretion in its enforcement of the "Johnson amendment" concerning Code Sec. 501(c)(3) charitable/religious organizations. &nb...
IRS updates FAQs on passport certification
In 2015, Congress added Code Sec. 7345 as part of the Fixing America’s Surface Transportation Act of 2015 (FAST Act). Upon receiving certification of seriously delinquent tax debt from...
In 2015, Congress added Code Sec. 7345 as part of the Fixing America’s Surface Transportation Act of 2015 (FAST Act). Upon receiving certification of seriously delinquent tax debt from...
No equitable relief from missing tax court deadline for innocent spouse review
The Third Circuit Court of Appeals has found that the Tax Court properly dismissed for lack of jurisdiction an individual’s petition for review of the IRS’s denial of innocent spouse relie...
The Third Circuit Court of Appeals has found that the Tax Court properly dismissed for lack of jurisdiction an individual’s petition for review of the IRS’s denial of innocent spouse relie...
Stock broker proves real estate professional status for rental losses
Winning real estate professional status –and the benefits gained from taking business deductions and losses from an “active” rather than “passive” business-- often depend...
Winning real estate professional status –and the benefits gained from taking business deductions and losses from an “active” rather than “passive” business-- often depend...
CBO reports on top tax incentives/expenditures
The Congressional Budget Office (CBO) issued a report in mid-March about current tax incentives. Tax expenditures, CBPO explained, reduce the amount of revenue that is collected for any given set of s...
The Congressional Budget Office (CBO) issued a report in mid-March about current tax incentives. Tax expenditures, CBPO explained, reduce the amount of revenue that is collected for any given set of s...
IRS updates 401(k) hardship distributions exam materials
The IRS Tax Exempt and Government Entities Division (TE/GE) has updated guidance used to determine whether a Code Sec. 401(k) plan hardship meets the safe-harbor standards set forth in applicable regu...
The IRS Tax Exempt and Government Entities Division (TE/GE) has updated guidance used to determine whether a Code Sec. 401(k) plan hardship meets the safe-harbor standards set forth in applicable regu...
Employee consent requirements for employer refund claims released
The IRS recently issued the employee consent requirements that an employer need to adhere to in order to support a claim for refund of overpaid taxes under the Federal Insurance Contributions Act (FIC...
The IRS recently issued the employee consent requirements that an employer need to adhere to in order to support a claim for refund of overpaid taxes under the Federal Insurance Contributions Act (FIC...
New Offers in Compromise policy starts April 27
The IRS informed taxpayers and tax professionals of its updated policy with regards to the Offer in Compromise (OIC) application process. OIC applications received on or after March 27, 2017, will now...
The IRS informed taxpayers and tax professionals of its updated policy with regards to the Offer in Compromise (OIC) application process. OIC applications received on or after March 27, 2017, will now...
Tax refund offsets may be used toward unpaid debts
A taxpayer who incurs an unpaid debt may notice a reduction in his or her federal tax refund. The Treasury Offset Program is allowed to use all or part of a taxpayer’s federal refund to settle u...
A taxpayer who incurs an unpaid debt may notice a reduction in his or her federal tax refund. The Treasury Offset Program is allowed to use all or part of a taxpayer’s federal refund to settle u...
Passport certifications will begin in early 2017, IRS posts on website
The IRS has informed taxpayers via its website that the agency will begin, in early 2017, to remit certifications to the U.S. State Department for individuals who are seriously delinquent in paying th...
The IRS has informed taxpayers via its website that the agency will begin, in early 2017, to remit certifications to the U.S. State Department for individuals who are seriously delinquent in paying th...
Tax returns lacking ACA coverage status will not be rejected
The IRS has announced that it will continue to process individual returns that do not report the taxpayer’s health coverage status under the Affordable Care Act (ACA). The IRS will accept return...
The IRS has announced that it will continue to process individual returns that do not report the taxpayer’s health coverage status under the Affordable Care Act (ACA). The IRS will accept return...
Dentist persuades Tax Court of material participation in real estate business
The Tax Court determined, in Zarrinnegar v. Commissioner, TC Memo. 2017-34, that a dentist by profession, was a real estate professional, and therefore could deduct rental real estate losses. As such,...
The Tax Court determined, in Zarrinnegar v. Commissioner, TC Memo. 2017-34, that a dentist by profession, was a real estate professional, and therefore could deduct rental real estate losses. As such,...
IRS confirms automatic six-month extension for C corporations
The IRS has confirmed that a new revision of the Instructions for Form 7004 correctly reflects that calendar year C corporations are eligible for an automatic six-month extension. Code Sec. 6081(a) pr...
The IRS has confirmed that a new revision of the Instructions for Form 7004 correctly reflects that calendar year C corporations are eligible for an automatic six-month extension. Code Sec. 6081(a) pr...
Future pension payouts not counted as asset in determining insolvency exclusion
The Tax Court, in Schieber v. Commissioner, TC Memo. 2017-32, found that the right to a continuing monthly payment state pension plan was not an asset in determining insolvency for purposes of exclusi...
The Tax Court, in Schieber v. Commissioner, TC Memo. 2017-32, found that the right to a continuing monthly payment state pension plan was not an asset in determining insolvency for purposes of exclusi...
AL - Items sold at estate sale taxable
A taxpayer that operated an antique shop was liable for Alabama sales tax on his estate sales that were conducted away from his antique shop. It was undisputed that the taxpayer was in the business of...
A taxpayer that operated an antique shop was liable for Alabama sales tax on his estate sales that were conducted away from his antique shop. It was undisputed that the taxpayer was in the business of...
AK - Credit provisions amended, repealed; interest provisions changed in Alaska
For purposes of Alaska oil and gas production tax, the tax credit fund cannot purchase new credit certificates, one credit is repealed, and one credit is extended to corporate income tax liability. In...
For purposes of Alaska oil and gas production tax, the tax credit fund cannot purchase new credit certificates, one credit is repealed, and one credit is extended to corporate income tax liability. In...
AZ - Guidance issued on use of vehicle or residence to store, sell or distribute tobacco products
The Arizona Department of Revenue has issued a luxury tax ruling which states that, due to recent legislation, licensed tobacco distributors may not hold or store tobacco products for sale or distribu...
The Arizona Department of Revenue has issued a luxury tax ruling which states that, due to recent legislation, licensed tobacco distributors may not hold or store tobacco products for sale or distribu...
AR - Loss deductions denied as farming activity was not conducted for profit
Arkansas personal income taxpayers’ claim for a deduction for losses incurred from their farming activity was properly denied because they failed to show that the activity was performed with an ...
Arkansas personal income taxpayers’ claim for a deduction for losses incurred from their farming activity was properly denied because they failed to show that the activity was performed with an ...
CA -Penalty provisions affecting material advisors, S corps, LLCs, and REITs amended
California Gov. Edmund G. Brown, Jr., has signed legislation affecting various corporation franchise and income and personal income tax penalties. Specifically, the legislation:repeals the "failu...
California Gov. Edmund G. Brown, Jr., has signed legislation affecting various corporation franchise and income and personal income tax penalties. Specifically, the legislation:repeals the "failu...
CO-Guidance reissued for excise tax on retail marijuana
The Colorado Department of Revenue has issued a publication that explains the excise tax on retail marijuana. The tax is imposed on the first sale or transfer of marijuana from a retail marijuana cult...
The Colorado Department of Revenue has issued a publication that explains the excise tax on retail marijuana. The tax is imposed on the first sale or transfer of marijuana from a retail marijuana cult...
CT - Department warns of new scam to steal tax-preparer passwords
The Connecticut Department of Revenue Services (DRS), together with the Internal Revenue Service (IRS), warns corporate and personal income tax preparers of a new phishing email scam that impersonates...
The Connecticut Department of Revenue Services (DRS), together with the Internal Revenue Service (IRS), warns corporate and personal income tax preparers of a new phishing email scam that impersonates...
DE - W-2 and 1099 FAQs updated for 2017 tax year
The Delaware Division of Revenue has updated its answers to frequently asked questions (FAQs) regarding W-2 and 1099 personal income tax withholding information for the 2018 reporting period. The FAQs...
The Delaware Division of Revenue has updated its answers to frequently asked questions (FAQs) regarding W-2 and 1099 personal income tax withholding information for the 2018 reporting period. The FAQs...
DC - District of Columbia permanent legislation updates deduction, exemptions, credit and rates; reenacts special assessments on hospitals
The District of Columbia has enacted as permanent legislation the Fiscal Year 2018 Budget Support Act of 2017. This legislation enacts, on a permanent basis, changes to the standard deduction, persona...
The District of Columbia has enacted as permanent legislation the Fiscal Year 2018 Budget Support Act of 2017. This legislation enacts, on a permanent basis, changes to the standard deduction, persona...
FL - Property tax calendar released
The Florida Department of Revenue has released its 2017 property tax calendar. The calendar identifies action and compliance dates of importance to assessing officials and taxpayers.The text of the ca...
The Florida Department of Revenue has released its 2017 property tax calendar. The calendar identifies action and compliance dates of importance to assessing officials and taxpayers.The text of the ca...
GA - Security summit launches tax professional education campaign
The Georgia Department of Revenue has issued a number of press releases regarding the IRS Security Summit. The information warns tax professionals to increase their computer security and to beware of ...
The Georgia Department of Revenue has issued a number of press releases regarding the IRS Security Summit. The information warns tax professionals to increase their computer security and to beware of ...
HI - DOT itemizes, summarizes 2017 tax legislation
The Hawaii Department of Taxation (DOT) has released a listing of laws enacted as part of the 2017 legislative session that amended or affected tax laws administered by the DOT. In addition, the DOT p...
The Hawaii Department of Taxation (DOT) has released a listing of laws enacted as part of the 2017 legislative session that amended or affected tax laws administered by the DOT. In addition, the DOT p...
ID - One-day sellers advised to collect tax during august 21 solar eclipse
Idahoans who rent out a room, home, cabin, trailer, or camping spot on their property to visitors during the solar eclipse on August 21, 2017, must collect all applicable state and local sales and lod...
Idahoans who rent out a room, home, cabin, trailer, or camping spot on their property to visitors during the solar eclipse on August 21, 2017, must collect all applicable state and local sales and lod...
IL - Bladder leakage pads are not exempt
The Illinois Department of Revenue has issued a general information letter stating that bladder leakage pads are subject to sales tax at the Illinois general merchandise rate of 6.25% along with appli...
The Illinois Department of Revenue has issued a general information letter stating that bladder leakage pads are subject to sales tax at the Illinois general merchandise rate of 6.25% along with appli...
IN -Additional assessments upheld as taxpayers failed to properly source revenue from online course
Taxpayers’ (for-profit educational institutions’) protest of additional Indiana corporate income tax assessments was dismissed because they failed to include revenues from online courses t...
Taxpayers’ (for-profit educational institutions’) protest of additional Indiana corporate income tax assessments was dismissed because they failed to include revenues from online courses t...
IA - Taxpayers not entitled to capital gains deduction under retired farmer provision
Iowa personal income taxpayers were properly denied capital gain deduction claimed under the retired farmer provision because the taxpayer-husband did not materially participate in farming the land fi...
Iowa personal income taxpayers were properly denied capital gain deduction claimed under the retired farmer provision because the taxpayer-husband did not materially participate in farming the land fi...
KS - Local rate changes announced
Kansas Department of Revenue publications reflect local sales and use tax rate changes effective October 1, 2017. The publications also: (1) detail how to read jurisdiction codes in the Department's l...
Kansas Department of Revenue publications reflect local sales and use tax rate changes effective October 1, 2017. The publications also: (1) detail how to read jurisdiction codes in the Department's l...
KY - SST taxability matrix and certificate of compliance revised
The Kentucky Department of Revenue has updated its Streamlined Sales and Use Tax (SST) Agreement Taxability Matrix and Certificate of Compliance. The revised matrix adds sections on post-transaction i...
The Kentucky Department of Revenue has updated its Streamlined Sales and Use Tax (SST) Agreement Taxability Matrix and Certificate of Compliance. The revised matrix adds sections on post-transaction i...
LA - Tax holiday shoppers may claim education expense deduction
Shoppers during the Louisiana Annual Sales Tax Holiday held on August 4-5, 2017 (Friday-Saturday), are encouraged to retain receipts on their purchases of back-to-school items, such as supplies, unifo...
Shoppers during the Louisiana Annual Sales Tax Holiday held on August 4-5, 2017 (Friday-Saturday), are encouraged to retain receipts on their purchases of back-to-school items, such as supplies, unifo...
ME - “Marijuana products” defined
Maine added "marijuana product" to its retail marijuana laws and updated the meaning of "retail marijuana product". "Marijuana product" means concentrated marijuana or a produ...
Maine added "marijuana product" to its retail marijuana laws and updated the meaning of "retail marijuana product". "Marijuana product" means concentrated marijuana or a produ...
MD - Tax professionals warned of email phishing scam
The Comptroller of Maryland has issued a news release alerting personal income taxpayers and tax professionals about a new phishing email scam that impersonates tax software providers. The email has a...
The Comptroller of Maryland has issued a news release alerting personal income taxpayers and tax professionals about a new phishing email scam that impersonates tax software providers. The email has a...
MA - Marijuana tax rates increased
Newly enacted legislation has increased the excise tax on recreational marijuana to 10.75% (previously, 3.75%), and authorized localities to impose a local sales tax rate up to 3% (previously, 2%). Bo...
Newly enacted legislation has increased the excise tax on recreational marijuana to 10.75% (previously, 3.75%), and authorized localities to impose a local sales tax rate up to 3% (previously, 2%). Bo...
MI - FAQs concerning taxation of business income for individuals and inheritance tax released
For personal income tax purposes, the Michigan Department of Treasury has released a set of frequently asked questions (FAQs) regarding taxation of business income for individuals, and inheritance tax...
For personal income tax purposes, the Michigan Department of Treasury has released a set of frequently asked questions (FAQs) regarding taxation of business income for individuals, and inheritance tax...
MN - Taxpayer failed to establish abuse of discretion
For personal income tax purposes, the Minnesota Court of Appeals has determined that the district court neither abused its discretion by basing its restitution award on an erroneous valuation of the t...
For personal income tax purposes, the Minnesota Court of Appeals has determined that the district court neither abused its discretion by basing its restitution award on an erroneous valuation of the t...
MS - Booneville local taxes on restaurants and hotels imposed
The City of Booneville, Mississippi, has adopted a special 2% tax on the gross proceeds of sales of restaurants and the gross proceeds from room rentals of hotels and motels, effective September 1, 20...
The City of Booneville, Mississippi, has adopted a special 2% tax on the gross proceeds of sales of restaurants and the gross proceeds from room rentals of hotels and motels, effective September 1, 20...
MO - Football team required to pay Missouri tax on total amount received for ticket sales
A taxpayer that was a professional football team was required to pay Missouri sales tax on the total amount the taxpayer received from its ticket sales, which included a local entertainment license ta...
A taxpayer that was a professional football team was required to pay Missouri sales tax on the total amount the taxpayer received from its ticket sales, which included a local entertainment license ta...
MT - Property damaged by wildfire may qualify for relief
The Montana Department of Revenue (DOR) reminds property owners whose homes or other property were damaged or destroyed during wildfire or other natural disaster that they can apply for prorated prope...
The Montana Department of Revenue (DOR) reminds property owners whose homes or other property were damaged or destroyed during wildfire or other natural disaster that they can apply for prorated prope...
NE - SST certificate of compliance updated
The Nebraska Department of Revenue has revised its Streamlined Sales and Use Tax (SST) Agreement Certificate of Compliance in order to respond to the product definition for "feminine hygiene prod...
The Nebraska Department of Revenue has revised its Streamlined Sales and Use Tax (SST) Agreement Certificate of Compliance in order to respond to the product definition for "feminine hygiene prod...
NV - Additional credit amount authorized for scholarship organization donations
Recently enacted Nevada legislation authorizes the Department of Taxation to allow additional credit amounts to be claimed against the modified business tax and the financial institution modified busi...
Recently enacted Nevada legislation authorizes the Department of Taxation to allow additional credit amounts to be claimed against the modified business tax and the financial institution modified busi...
NH - IRC conformity updated and BPT/BET rates reduced
The New Hampshire Department of Revenue Administration has issued a technical information release summarizing recent legislative changes enacted in HB 517, Laws 2017. That legislation made changes to ...
The New Hampshire Department of Revenue Administration has issued a technical information release summarizing recent legislative changes enacted in HB 517, Laws 2017. That legislation made changes to ...
NJ - Grow New Jersey assistance credits expanded near universities and colleges
New Jersey legislation adds a new area, a Garden State Create Zone, that businesses can locate within to qualify for the highest base tax credit amount under the Grow New Jersey Assistance Program. In...
New Jersey legislation adds a new area, a Garden State Create Zone, that businesses can locate within to qualify for the highest base tax credit amount under the Grow New Jersey Assistance Program. In...
NM - Department properly recalculated assessment
A personal income taxpayer’s protest against the New Mexico Taxation and Revenue Department’s (department’s) assessment was partially denied because the department properly recalcula...
A personal income taxpayer’s protest against the New Mexico Taxation and Revenue Department’s (department’s) assessment was partially denied because the department properly recalcula...
NY -Guidance issued on receipts factor methodology for owners of single-member LLCs registered as broker-dealers
The New York Department of Taxation and Finance has issued a corporate income tax guidance document discussing whether a corporation is considered to be a registered securities broker or dealer (broke...
The New York Department of Taxation and Finance has issued a corporate income tax guidance document discussing whether a corporation is considered to be a registered securities broker or dealer (broke...
NC - Omnibus local room occupancy tax bill enacted
North Carolina legislation is enacted that authorizes a number of local room occupancy taxes and amends various provisions for existing occupancy taxes. The Sanford City Council and the governing body...
North Carolina legislation is enacted that authorizes a number of local room occupancy taxes and amends various provisions for existing occupancy taxes. The Sanford City Council and the governing body...
ND - Brochure regarding tax incentives updated
An updated North Dakota Office of Tax Commissioner brochure describes various corporate income, sales and use, and property tax incentives for businesses.Corporate income tax incentives discussed in t...
An updated North Dakota Office of Tax Commissioner brochure describes various corporate income, sales and use, and property tax incentives for businesses.Corporate income tax incentives discussed in t...
OH - Gross receipts from forward contracts properly subject to commercial activity tax
The Ohio Board of Tax Appeals (board) held that an out-of-state corporate income taxpayer was properly subject to the Ohio commercial activity tax (CAT) on gross receipts it derived from the sales of ...
The Ohio Board of Tax Appeals (board) held that an out-of-state corporate income taxpayer was properly subject to the Ohio commercial activity tax (CAT) on gross receipts it derived from the sales of ...
OK - SST Recertification letter issued; taxability matrix, certificate of compliance updated
The Oklahoma Tax Commission has issued a letter to the Streamlined Sales Tax Governing Board, Inc., certifying that the state is in substantial compliance with the terms of the Streamlined Sales and U...
The Oklahoma Tax Commission has issued a letter to the Streamlined Sales Tax Governing Board, Inc., certifying that the state is in substantial compliance with the terms of the Streamlined Sales and U...
OR -Oregon removed functional test for apportionment purposes
Oregon Gov. Kate Brown has signed legislation removing the functional test for determining apportioned income subject to the corporate excise (income) tax and clarifying that certain types of money re...
Oregon Gov. Kate Brown has signed legislation removing the functional test for determining apportioned income subject to the corporate excise (income) tax and clarifying that certain types of money re...
PA - Information retrieval products taxable
The Pennsylvania Department of Revenue has concluded in a legal letter ruling that a taxpayer’s information retrieval products are subject to sales and use tax as tangible personal property. The...
The Pennsylvania Department of Revenue has concluded in a legal letter ruling that a taxpayer’s information retrieval products are subject to sales and use tax as tangible personal property. The...
RI - Budget bill modifies estimated tax payments, pass-through entity withholding, and more
Rhode Island Gov. Gina Raimondo has signed the 2017-18 fiscal year budget bill, which makes various changes to the corporate and personal income tax law. Specifically, the legislation:conforms the cor...
Rhode Island Gov. Gina Raimondo has signed the 2017-18 fiscal year budget bill, which makes various changes to the corporate and personal income tax law. Specifically, the legislation:conforms the cor...
SC - 2017 Per capita figures released
The South Carolina Department of Revenue has released the most recently available per capita income figures for all South Carolina counties, as well as the state figure, for the purpose of calculating...
The South Carolina Department of Revenue has released the most recently available per capita income figures for all South Carolina counties, as well as the state figure, for the purpose of calculating...
SD - Applications open for buffer strip incentives
South Dakota Gov. Dennis Daugaard has notified taxpayers that they can apply to receive riparian buffer strip property tax incentives, enactment of which was reported previously. Under the new law, el...
South Dakota Gov. Dennis Daugaard has notified taxpayers that they can apply to receive riparian buffer strip property tax incentives, enactment of which was reported previously. Under the new law, el...
TN - Separate exemption certificates required for each location
The taxpayer’s customers, who include manufacturers and various nonprofit entities who want to purchase electricity at either a reduced rate or exempt from Tennessee sales and use tax and who ma...
The taxpayer’s customers, who include manufacturers and various nonprofit entities who want to purchase electricity at either a reduced rate or exempt from Tennessee sales and use tax and who ma...
TX - Managing member liable for LLC’s unpaid tax debt
A taxpayer who was a managing member of a limited liability company (LLC) was personally liable for the Texas franchise tax that the LLC owed and failed to remit for the 2012 report year. The LLC had ...
A taxpayer who was a managing member of a limited liability company (LLC) was personally liable for the Texas franchise tax that the LLC owed and failed to remit for the 2012 report year. The LLC had ...
UT -Values set by county board of equalization upheld
For Utah property tax purposes, the State Tax Commission upheld a county board of equalization (BOE) valuation of two parcels for the tax year 2015 because the county assessor did not show error in th...
For Utah property tax purposes, the State Tax Commission upheld a county board of equalization (BOE) valuation of two parcels for the tax year 2015 because the county assessor did not show error in th...
VT -SST recertification letter issued; taxability matrix, certificate of compliance updated
The Vermont Department of Taxes has issued a letter to the Streamlined Sales Tax Governing Board, Inc., certifying that the state is in substantial compliance with the terms of the Streamlined Sales a...
The Vermont Department of Taxes has issued a letter to the Streamlined Sales Tax Governing Board, Inc., certifying that the state is in substantial compliance with the terms of the Streamlined Sales a...
VA - 2016 Returns filed on extension addressed
The Virginia Department of Taxation has issued a tax bulletin explaining the impact of recent federal legislation and administrative action by the IRS on the Virginia corporate income tax filing exten...
The Virginia Department of Taxation has issued a tax bulletin explaining the impact of recent federal legislation and administrative action by the IRS on the Virginia corporate income tax filing exten...
WA - Taxpayer issuing digital certificates provided taxable service
A taxpayer that provides digital certificates was liable for Washington sales tax and retailing business and occupation (B&O) tax because it did not qualify for the human effort exclusion from the...
A taxpayer that provides digital certificates was liable for Washington sales tax and retailing business and occupation (B&O) tax because it did not qualify for the human effort exclusion from the...
WV - Effective date of local tax imposition or rate change amended
A West Virginia emergency rule amendment provides that if a municipality imposes or changes the rate of a local consumers sales and use tax, the effective date for payment and collection of the tax wi...
A West Virginia emergency rule amendment provides that if a municipality imposes or changes the rate of a local consumers sales and use tax, the effective date for payment and collection of the tax wi...
WI - Publication on treatment of lottery winnings updated
The Wisconsin Department of Revenue has updated its personal income tax publication on lottery winnings to note that, before paying prizes of $600 or more (previously, $1,000 or more), the Wisconsin L...
The Wisconsin Department of Revenue has updated its personal income tax publication on lottery winnings to note that, before paying prizes of $600 or more (previously, $1,000 or more), the Wisconsin L...
WY - SST taxability matrix and certificate of compliance revised
The Wyoming Department of Revenue has revised the state’s Streamlined Sales and Use Tax (SST) taxability matrix and certificate of compliance, effective August 1, 2017. The taxability matrix is ...
The Wyoming Department of Revenue has revised the state’s Streamlined Sales and Use Tax (SST) taxability matrix and certificate of compliance, effective August 1, 2017. The taxability matrix is ...
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