Tax Alerts
Tax Briefing(s)
2018 Inflation-Adjusted Amounts Modified
The IRS has modified certain previously released inflation-adjusted amounts. Generally, these new inflation-adjusted figures apply to tax years beginning in 2018 or transactions or events occurring in...
The IRS has modified certain previously released inflation-adjusted amounts. Generally, these new inflation-adjusted figures apply to tax years beginning in 2018 or transactions or events occurring in...
Virtual Currency Transactions: They Are Reportable
The IRS has reminded taxpayers that income from virtual currency transactions is reportable on their returns and that these transactions are taxable just like those involving any other property.Virtua...
The IRS has reminded taxpayers that income from virtual currency transactions is reportable on their returns and that these transactions are taxable just like those involving any other property.Virtua...
New Carried Interest Holding Period to Apply to S Corps
The IRS plans to issue regulations clarifying the new three-year holding period for certain carried interests. The new regulations will provide that partnership interests held by S corporations are su...
The IRS plans to issue regulations clarifying the new three-year holding period for certain carried interests. The new regulations will provide that partnership interests held by S corporations are su...
Proposed Regs Would Expand ACA-Exempt Short-Term Insurance
In response to President Trump’s Executive Order 13813, the Departments Health and Human Services, Labor and the Treasury (the Departments) are proposing regulations to expand the availability o...
In response to President Trump’s Executive Order 13813, the Departments Health and Human Services, Labor and the Treasury (the Departments) are proposing regulations to expand the availability o...
IRS Ending Offshore Voluntary Disclosure Program
The IRS has announced it will begin to shut down the 2014 Offshore Voluntary Disclosure Program (OVDP). The program will close on September 28, 2018. Therefore, U.S. taxpayers with undisclosed foreign...
The IRS has announced it will begin to shut down the 2014 Offshore Voluntary Disclosure Program (OVDP). The program will close on September 28, 2018. Therefore, U.S. taxpayers with undisclosed foreign...
OPR Highlights Important Process Change
The IRS Office of Professional Responsibility (OPR) on March 6 issued an alert highlighting an important process change. The OPR has modified its investigation procedures to give practitioners an oppo...
The IRS Office of Professional Responsibility (OPR) on March 6 issued an alert highlighting an important process change. The OPR has modified its investigation procedures to give practitioners an oppo...
New Withholding Calculator, W-4 Released
The IRS has released a new withholding calculator, as well as a new version of Form W-4, Employee’s Withholding Allowance Certificate. The new withholding calculator will let employees check tha...
The IRS has released a new withholding calculator, as well as a new version of Form W-4, Employee’s Withholding Allowance Certificate. The new withholding calculator will let employees check tha...
AL - Private intrastate adoption credit changed to private adoption credit
The Alabama personal income tax credit for private intrastate adoptions is changed so that the credit is available for private adoptions. The bill redefines "private intrastate adoption" to ...
The Alabama personal income tax credit for private intrastate adoptions is changed so that the credit is available for private adoptions. The bill redefines "private intrastate adoption" to ...
AK - Repeal of alternative capital gains tax proposed
Legislation reported favorably from the Alaska House Committee on Resources proposes to repeal:the 4.5% alternative tax on a corporate income taxpayer's capital gains;the corporate income tax credit f...
Legislation reported favorably from the Alaska House Committee on Resources proposes to repeal:the 4.5% alternative tax on a corporate income taxpayer's capital gains;the corporate income tax credit f...
AZ - IRC conformity updated
Arizona maintained the state's existing Internal Revenue Code (IRC) conformity date for post-2017 corporate and personal income tax purposes, but updated the conformity date for transaction privilege ...
Arizona maintained the state's existing Internal Revenue Code (IRC) conformity date for post-2017 corporate and personal income tax purposes, but updated the conformity date for transaction privilege ...
AR - Transfer of investArk credits to successor entity approved
The Arkansas Department of Finance and Administration approved the transfer of a taxpayer’s InvestArk gross receipts and use tax credits to its successor entity pursuant to a merger of two lumbe...
The Arkansas Department of Finance and Administration approved the transfer of a taxpayer’s InvestArk gross receipts and use tax credits to its successor entity pursuant to a merger of two lumbe...
CA - Distributors’ first quarter 2018 cannabis tax return is due
California advises cannabis distributors that the cannabis tax return and payment for the period January 1, 2018, through March 31, 2018, is due by April 30, 2018. Electronic cannabis returns are now ...
California advises cannabis distributors that the cannabis tax return and payment for the period January 1, 2018, through March 31, 2018, is due by April 30, 2018. Electronic cannabis returns are now ...
CO - Personal income tax payment options discussed
The Colorado Department of Revenue has issued a press release explaining the various personal income tax payment options available for taxpayers. The due date for filing returns is April 17, 2018. Tax...
The Colorado Department of Revenue has issued a press release explaining the various personal income tax payment options available for taxpayers. The due date for filing returns is April 17, 2018. Tax...
CT - IRC §965 repatriation transition tax guidance issued
Connecticut issued guidance on reporting requirements for the IRC §965 repatriation transition tax enacted by the Tax Cuts and Jobs Act (P.L. 115-97). The guidance applies to taxpayers who file:c...
Connecticut issued guidance on reporting requirements for the IRC §965 repatriation transition tax enacted by the Tax Cuts and Jobs Act (P.L. 115-97). The guidance applies to taxpayers who file:c...
DE - Taxpayers alerted to new refund scam
// // The Delaware Division of Revenue (division) issued a press release alerting personal and corporate income taxpayers to a new scam involving fraudulent tax refunds being deposited into genuine ta...
// // The Delaware Division of Revenue (division) issued a press release alerting personal and corporate income taxpayers to a new scam involving fraudulent tax refunds being deposited into genuine ta...
DC - Tax professionals alerted to re-emerging scams
The District of Columbia Office of Tax and Revenue has issued a press release advising tax professionals to be alert to taxpayer data theft and other scams during the tax filing season. The release st...
The District of Columbia Office of Tax and Revenue has issued a press release advising tax professionals to be alert to taxpayer data theft and other scams during the tax filing season. The release st...
FL - Department amends regulations
Florida has amended a number of sales and use tax and administrative rules.Repossessed Merchandise and Bad DebtsSales and use tax Rule 12A-1.012, regarding repossessed merchandise and bad debts, is am...
Florida has amended a number of sales and use tax and administrative rules.Repossessed Merchandise and Bad DebtsSales and use tax Rule 12A-1.012, regarding repossessed merchandise and bad debts, is am...
GA - Constitutional amendment on forest land conservation use property proposed
The Georgia Legislature adopted a resolution proposing to amend the state constitution concerning forest land conservation use property's ad valorem tax classification. Under the proposed amendment, t...
The Georgia Legislature adopted a resolution proposing to amend the state constitution concerning forest land conservation use property's ad valorem tax classification. Under the proposed amendment, t...
HI - Taxpayers reminded to file personal income tax and general excise tax returns
The Hawaii Department of Taxation has issued a press release reminding taxpayers to file their personal income tax return or general excise tax return (sales and use tax) if the taxpayer did business ...
The Hawaii Department of Taxation has issued a press release reminding taxpayers to file their personal income tax return or general excise tax return (sales and use tax) if the taxpayer did business ...
ID - New sample client letter on IRC conformity and rate reduction now available
Idaho recently enacted legislation that updates the state's conformity to the federal Internal Revenue Code and lowers income tax rates. A sample client letter has been created that assists practition...
Idaho recently enacted legislation that updates the state's conformity to the federal Internal Revenue Code and lowers income tax rates. A sample client letter has been created that assists practition...
IL - Appeal dismissed for lack of jurisdiction
An Illinois not-for-profit licensed life care facility's (taxpayer's) appeal from the circuit court's denial of a property tax general homestead exemption was dismissed because of lack of jurisdiction...
An Illinois not-for-profit licensed life care facility's (taxpayer's) appeal from the circuit court's denial of a property tax general homestead exemption was dismissed because of lack of jurisdiction...
IN - Purchase of shotgun shells not exempt
A stone and aggregate manufacturer's (taxpayer's) purchase of shotgun shells was not exempt from Indiana sales and use tax because the shells were not an integral part of the manufacturing process. Ge...
A stone and aggregate manufacturer's (taxpayer's) purchase of shotgun shells was not exempt from Indiana sales and use tax because the shells were not an integral part of the manufacturing process. Ge...
IA - Federal conformity bill introduced, decouples from bonus depreciation
A bill introduced in the Iowa Senate would adopt the IRC in effect on January 1, 2018 for the:franchise tax;corporate income tax; andpersonal income tax.The current IRC conformity date is January 1, 2...
A bill introduced in the Iowa Senate would adopt the IRC in effect on January 1, 2018 for the:franchise tax;corporate income tax; andpersonal income tax.The current IRC conformity date is January 1, 2...
KS - Q2 transient guest tax rate change announced
As of April 1, 2018, the city of Kechi, Kansas, begins imposing a transient guest tax at a rate of 6%. Transient Guest Tax Rates, Effective Dates, and Number of Active Accounts, Kansas Department...
As of April 1, 2018, the city of Kechi, Kansas, begins imposing a transient guest tax at a rate of 6%. Transient Guest Tax Rates, Effective Dates, and Number of Active Accounts, Kansas Department...
KY - March 2018 tax alert issued
The March Kentucky Tax Alert provides information about online tax payment options; bulk filing of withholding tax forms; and the 2018 tax calendar. The Kentucky Department of Revenue (depar...
The March Kentucky Tax Alert provides information about online tax payment options; bulk filing of withholding tax forms; and the 2018 tax calendar. The Kentucky Department of Revenue (depar...
LA - Denial of refund claim upheld
A metal supplier's claim for a refund of Louisiana sales taxes paid on its commercial purchase of welding gases was dismissed because recent legislation (Act 9 of 2008) that excluded only commercial p...
A metal supplier's claim for a refund of Louisiana sales taxes paid on its commercial purchase of welding gases was dismissed because recent legislation (Act 9 of 2008) that excluded only commercial p...
ME - Credit for investment in shipbuilding enacted
Maine enacted a nonrefundable credit for major investments and the preservation of jobs in the shipbuilding industry. The credit is available beginning with the 2020 tax year. However, the credit may ...
Maine enacted a nonrefundable credit for major investments and the preservation of jobs in the shipbuilding industry. The credit is available beginning with the 2020 tax year. However, the credit may ...
MD - Taxpayers alerted to phone scam
The Maryland Department of Revenue has issued a news release alerting personal income taxpayers to a phone scam in which scammers call taxpayers to warn that they owe taxes and will face arrest if the...
The Maryland Department of Revenue has issued a news release alerting personal income taxpayers to a phone scam in which scammers call taxpayers to warn that they owe taxes and will face arrest if the...
MA - Taxpayer's properties did not qualify for charitable exemption
The Massachusetts Appellate Tax Board determined that the properties owned by the taxpayer did not qualify for the property tax exemption because the taxpayer failed to meet its burden of proving that...
The Massachusetts Appellate Tax Board determined that the properties owned by the taxpayer did not qualify for the property tax exemption because the taxpayer failed to meet its burden of proving that...
MI - Deduction for renaissance zone residents expanded
Michigan has enacted legislation expanding the deduction for income earned or received by residents of a renaissance zone. The legislation revises the definition of a "qualified renaissance zone,...
Michigan has enacted legislation expanding the deduction for income earned or received by residents of a renaissance zone. The legislation revises the definition of a "qualified renaissance zone,...
MN - Department of revenue issues guidance on filing returns with federal adjustments
Minnesota is providing guidance on filing personal income tax returns with Schedule M1NC, Federal Adjustments, before possible changes to Minnesota law during the 2018 legislative session. The fo...
Minnesota is providing guidance on filing personal income tax returns with Schedule M1NC, Federal Adjustments, before possible changes to Minnesota law during the 2018 legislative session. The fo...
MS - Local tax changes in Southaven and Horn Lake announced
The Mississippi Department of Revenue has announced the following local lodging and restaurant tax developments:Southaven.—An additional special tax is levied at the rate of 1% of the gross proc...
The Mississippi Department of Revenue has announced the following local lodging and restaurant tax developments:Southaven.—An additional special tax is levied at the rate of 1% of the gross proc...
MO - Rate table issued for upcoming show-me green tax holiday
The Missouri Department of Revenue has issued rate tables for the Show-Me Green Sales Tax Holiday set for April 19 through April 25, 2018.The rate table can be found at http://dor.mo.gov/pdf/rate...
The Missouri Department of Revenue has issued rate tables for the Show-Me Green Sales Tax Holiday set for April 19 through April 25, 2018.The rate table can be found at http://dor.mo.gov/pdf/rate...
MT - 529 withdrawals for K-12 tuition may be taxable
A withdrawal from a Montana 529 plan to pay for K-12 tuition is a nonqualified withdrawal under Montana law. A recent federal change exempts up to $10,000 in 529 distributions for elementary or second...
A withdrawal from a Montana 529 plan to pay for K-12 tuition is a nonqualified withdrawal under Montana law. A recent federal change exempts up to $10,000 in 529 distributions for elementary or second...
NE - Prepaid wireless surcharge remittance requirements revised
Sellers must remit prepaid wireless surcharges to the Nebraska Department of Revenue on a monthly basis unless they collected less than $1,000 in surcharges in the prior year. In such a case, the sell...
Sellers must remit prepaid wireless surcharges to the Nebraska Department of Revenue on a monthly basis unless they collected less than $1,000 in surcharges in the prior year. In such a case, the sell...
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 - Internet sales tax fight announced
New Hampshire Governor Chris Sununu and Attorney General Gordon MacDonald have announced that New Hampshire is joining the fight against internet sales tax. The state will argue to the U.S. Supreme Co...
New Hampshire Governor Chris Sununu and Attorney General Gordon MacDonald have announced that New Hampshire is joining the fight against internet sales tax. The state will argue to the U.S. Supreme Co...
NJ - Appeal dismissed due to untimely protest
A New Jersey gross (personal) income tax appeal was dismissed, because the taxpayers did not file a timely administrative protest. The taxpayers' argument that the state was prevented ("estopped") fro...
A New Jersey gross (personal) income tax appeal was dismissed, because the taxpayers did not file a timely administrative protest. The taxpayers' argument that the state was prevented ("estopped") fro...
NM - Taxpayer entitled to high-wage jobs tax credits for certain employees
A corporate income taxpayer was entitled to claim the New Mexico high-wage jobs tax credits with respect to certain employees based on their residential status and promotion. In this matter, the Taxat...
A corporate income taxpayer was entitled to claim the New Mexico high-wage jobs tax credits with respect to certain employees based on their residential status and promotion. In this matter, the Taxat...
NY - Notice of deficiency barred by three-year statute of limitations
For New York personal income tax purposes, a taxpayer's protest of the Division of Taxation's issuance of a notice of deficiency was partly sustained because the notice was barred pursuant to the thre...
For New York personal income tax purposes, a taxpayer's protest of the Division of Taxation's issuance of a notice of deficiency was partly sustained because the notice was barred pursuant to the thre...
NC - Department reminds taxpayers of repeal of certain machinery and equipment tax
North Carolina reminds sales and use taxpayers of the repeal of Article 5F effective July 1, 2018. Article 5F imposes, until July 1, 2018, a 1% privilege tax on certain machinery and equipment.Mill Ma...
North Carolina reminds sales and use taxpayers of the repeal of Article 5F effective July 1, 2018. Article 5F imposes, until July 1, 2018, a 1% privilege tax on certain machinery and equipment.Mill Ma...
ND - Local option taxes guideline updated
An updated North Dakota sales and use tax guideline regarding local option taxes reflects the rates and other provisions of city and county taxes imposed as of April 1, 2018. Local tax changes effecti...
An updated North Dakota sales and use tax guideline regarding local option taxes reflects the rates and other provisions of city and county taxes imposed as of April 1, 2018. Local tax changes effecti...
OH - Certain health insurance premiums deductible
Ohio is retroactively allowing personal income taxpayers to deduct the cost of some subsidized health insurance premiums. The premiums are now classified as a deductible "medical care" expen...
Ohio is retroactively allowing personal income taxpayers to deduct the cost of some subsidized health insurance premiums. The premiums are now classified as a deductible "medical care" expen...
OK - Cap on itemized deductions enacted
For tax years beginning after 2017, the amount of itemized deductions permitted on an Oklahoma personal income tax return is capped at $17,000.The following items are not subject to the cap:charitable...
For tax years beginning after 2017, the amount of itemized deductions permitted on an Oklahoma personal income tax return is capped at $17,000.The following items are not subject to the cap:charitable...
OR - Charitable contributions deduction denied for lack of sufficient documentation
For Oregon personal income tax purposes, taxpayers' claim for charitable contributions deduction was denied for lack of sufficient documentation. Generally, no deduction may be taken for cash or nonca...
For Oregon personal income tax purposes, taxpayers' claim for charitable contributions deduction was denied for lack of sufficient documentation. Generally, no deduction may be taken for cash or nonca...
PA - Reimbursement for repairs denied for lack of sufficient evidence
For Pennsylvania property tax purposes, a trial court’s decision that denied the tax sale purchaser’s request for reimbursement of necessary repair costs that it paid during its possession...
For Pennsylvania property tax purposes, a trial court’s decision that denied the tax sale purchaser’s request for reimbursement of necessary repair costs that it paid during its possession...
RI - Assessment sustained as taxpayer had unreported wages
The Rhode Island Division of Taxation properly issued a personal income tax assessment because the taxpayer had unreported income in the form of unreported wages for the tax year at issue. In this mat...
The Rhode Island Division of Taxation properly issued a personal income tax assessment because the taxpayer had unreported income in the form of unreported wages for the tax year at issue. In this mat...
SC - Refund request granted due to retroactive application of amendment
The South Carolina Administrative Law Court’s (ALC’s) affirmation of the Department of Revenue’s denial of taxpayers’ (property owner and lessee’s) request for a refund o...
The South Carolina Administrative Law Court’s (ALC’s) affirmation of the Department of Revenue’s denial of taxpayers’ (property owner and lessee’s) request for a refund o...
SD - Educational scholarship credit expanded
The insurance premiums tax credit is expanded to include contributions to tribally controlled schools on a federal Indiana reservation. The contributions must be made to a scholarship granting organiz...
The insurance premiums tax credit is expanded to include contributions to tribally controlled schools on a federal Indiana reservation. The contributions must be made to a scholarship granting organiz...
TN - Proposed exemption for wooden barrels used to manufacture whiskey is not constitutional
Proposed legislation that would, if enacted, add a Tennessee property tax exemption for wooden barrels used in the process of manufacturing whiskey is not constitutional. Under article II, section 30,...
Proposed legislation that would, if enacted, add a Tennessee property tax exemption for wooden barrels used in the process of manufacturing whiskey is not constitutional. Under article II, section 30,...
TX - Internet-based subscription services taxable as both cable television and amusement services
The Texas Comptroller of Public Accounts has issued a private letter ruling stating that a taxpayer's internet-based subscription services were subject to sales and use tax as cable television service...
The Texas Comptroller of Public Accounts has issued a private letter ruling stating that a taxpayer's internet-based subscription services were subject to sales and use tax as cable television service...
UT - Solar energy system credits extended, phased out
The Utah tax credits for installations of residential energy systems that generate electricity from sunlight (photovoltaic systems) are extended through 2023. Previously, the personal income tax credi...
The Utah tax credits for installations of residential energy systems that generate electricity from sunlight (photovoltaic systems) are extended through 2023. Previously, the personal income tax credi...
VT - Guidance provided for automotive supply dealers, repair shops
A Vermont Department of Taxes publication provides guidance on the applicability of sales and use tax to auto supply dealers and auto repair shops. Both auto supply dealers and auto repair shops must ...
A Vermont Department of Taxes publication provides guidance on the applicability of sales and use tax to auto supply dealers and auto repair shops. Both auto supply dealers and auto repair shops must ...
VA - Virginia court reaches similar conclusion in “subject to tax” exception rehearing
In a revised opinion, the Virginia Supreme Court confirmed that the "subject to tax" exception to the state's intangible addback provision applies only to the extent that royalty payments ar...
In a revised opinion, the Virginia Supreme Court confirmed that the "subject to tax" exception to the state's intangible addback provision applies only to the extent that royalty payments ar...
WA - Deduction for delivery system reform incentive payments explained
As of March 15, 2018, a business can take a Washington business and occupation (B&O) tax deduction for delivery system reform incentive payments (DSRIPs) if these payments are sourced from the Med...
As of March 15, 2018, a business can take a Washington business and occupation (B&O) tax deduction for delivery system reform incentive payments (DSRIPs) if these payments are sourced from the Med...
WV - Farm-to-food bank credit regulation adopted
West Virginia adopted regulations that set forth the procedures and requirements for the farm-to-food bank credit. Farming taxpayers who donate edible agricultural products to nonprofit food programs ...
West Virginia adopted regulations that set forth the procedures and requirements for the farm-to-food bank credit. Farming taxpayers who donate edible agricultural products to nonprofit food programs ...
WI - Proposed remote seller notice requirements, sales tax holiday failed to pass
The Wisconsin Legislature did not pass two previously reported bills that would have:imposed certain notice requirements on remote sellers ; andcreated a sales tax holiday and a one-time sales and use...
The Wisconsin Legislature did not pass two previously reported bills that would have:imposed certain notice requirements on remote sellers ; andcreated a sales tax holiday and a one-time sales and use...
WY - Demurrage and labor charges discussed
Demurrage charges and labor charges are discussed in a Wyoming Department of Revenue sales tax newsletter.Demurrage chargesDemurrage charges are not treated the same as the rental of gas cylinders or ...
Demurrage charges and labor charges are discussed in a Wyoming Department of Revenue sales tax newsletter.Demurrage chargesDemurrage charges are not treated the same as the rental of gas cylinders or ...
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