Tax Alerts
Tax Briefing(s)
2018 Post-Filing Season UpdateCongress Approves Sweeping Tax OverhaulTax Cuts and Jobs Act2017 Year-End Tax Planning
FAQs Provide Penalty and Filing Relief for Taxpayers Subject to Section 965 Transition Tax
Three new FAQs covering the Code Sec. 965 transition tax provide welcome penalty and filing relief for taxpayers who make the election to pay the tax in eight annual installments. The IRS wi...
Three new FAQs covering the Code Sec. 965 transition tax provide welcome penalty and filing relief for taxpayers who make the election to pay the tax in eight annual installments. The IRS wi...
Updated 2018 Standard Mileage Rates Notice Reflects Tax Cuts Changes
The IRS has updated Notice 2018-3, I.R.B. 2018-2, 130, to reflect changes to the tax law made by the Tax Cuts and Jobs Act ( P.L. 113-97). Changes impacting Notice 2018-3include:the sus...
The IRS has updated Notice 2018-3, I.R.B. 2018-2, 130, to reflect changes to the tax law made by the Tax Cuts and Jobs Act ( P.L. 113-97). Changes impacting Notice 2018-3include:the sus...
IRA Payments to Unclaimed Property Fund Are Subject to Federal Withholding and Reporting
The IRS has clarified that a trustee’s payment of an individual’s interest in a traditional individual retirement account (IRA) to a state unclaimed property fund, as required by state law...
The IRS has clarified that a trustee’s payment of an individual’s interest in a traditional individual retirement account (IRA) to a state unclaimed property fund, as required by state law...
Adjustments, Reference Prices for Renewable Energy Production Credit Released
The IRS has published the inflation adjustment factors and reference prices to be used in computing the renewable electricity production credit and the refined coal production credit under Code S...
The IRS has published the inflation adjustment factors and reference prices to be used in computing the renewable electricity production credit and the refined coal production credit under Code S...
Date Extended for Applying Foreign Branch Transaction Rules
The IRS has announced a new one-year extension for applying the Code Sec. 987 final and related temporary regulations covering foreign branch transactions of U.S. corporations. The regulatio...
The IRS has announced a new one-year extension for applying the Code Sec. 987 final and related temporary regulations covering foreign branch transactions of U.S. corporations. The regulatio...
Automatic Accounting Method Change for Deducting Citrus Replanting Costs
An automatic change in accounting method procedure provides guidelines for qualifying investors in damaged citrus groves to opt out of the uniform capitalization (UNICAP) rules of Code Sec. 263A....
An automatic change in accounting method procedure provides guidelines for qualifying investors in damaged citrus groves to opt out of the uniform capitalization (UNICAP) rules of Code Sec. 263A....
IRS Provides Guidance on When Energy Property Construction Has Begun
The IRS has provided guidance and a safe harbor to determine when construction of "energy property" has begun for purposes of the investment tax credit (ITC) under Code Sec. 48.Backgrou...
The IRS has provided guidance and a safe harbor to determine when construction of "energy property" has begun for purposes of the investment tax credit (ITC) under Code Sec. 48.Backgrou...
Final Round of Opportunity Zone Designations Announced
The Treasury and the IRS have designated Opportunity Zones in 15 states and three territories. Investments in these specific Qualified Opportunity Zones get preferential tax treatment under the Tax Cu...
The Treasury and the IRS have designated Opportunity Zones in 15 states and three territories. Investments in these specific Qualified Opportunity Zones get preferential tax treatment under the Tax Cu...
AL - Alabama issues additional guidance on IRC §965 repatriation income
Additional guidance is issued for Alabama taxpayers that paid or accrued IRC §965 transition tax, including:corporate taxpayers; andtaxpayers filing as a part of a federal consolidated group.Thes...
Additional guidance is issued for Alabama taxpayers that paid or accrued IRC §965 transition tax, including:corporate taxpayers; andtaxpayers filing as a part of a federal consolidated group.Thes...
AK - Oil and gas tax credit repurchase bond program enacted
Alaska Gov. Bill Walker has signed H.B. 331, as part of his "Alaska Economic Recovery Plan." The law allows the state to issue bonds to purchase remaining oil and gas tax credit program cert...
Alaska Gov. Bill Walker has signed H.B. 331, as part of his "Alaska Economic Recovery Plan." The law allows the state to issue bonds to purchase remaining oil and gas tax credit program cert...
AZ - Publication discussing nexus in Arizona updated
The Arizona Department of Revenue has updated its publication that discusses how nexus affects the imposition of corporate income tax and sales and use tax. The publication defines nexus and explains ...
The Arizona Department of Revenue has updated its publication that discusses how nexus affects the imposition of corporate income tax and sales and use tax. The publication defines nexus and explains ...
AR - Purchase of pressure washer failed to qualify for farm equipment and machinery exemption
A taxpayer’s purchase of a "pressure washer" did not qualify for the farm equipment and machinery exemption from Arkansas gross receipts (sales) tax because the taxpayer failed to prov...
A taxpayer’s purchase of a "pressure washer" did not qualify for the farm equipment and machinery exemption from Arkansas gross receipts (sales) tax because the taxpayer failed to prov...
CA - Partnership audit legislation proposed
The California Assembly is considering legislation that would establish state procedures for dealing with federal partnership adjustments. The proposed legislation is in response to the new federal pa...
The California Assembly is considering legislation that would establish state procedures for dealing with federal partnership adjustments. The proposed legislation is in response to the new federal pa...
CO - Colorado enacts credit for employer organ donation expenses
For tax years 2020-2024, a new income tax credit is created for Colorado employers who grant a paid leave of absence to employees that have donated an organ. The credit is equal to 35% of:the donor em...
For tax years 2020-2024, a new income tax credit is created for Colorado employers who grant a paid leave of absence to employees that have donated an organ. The credit is equal to 35% of:the donor em...
CT - Connecticut creates deduction for venture capital income
Connecticut legislation creates a personal income tax deduction for general partners who receive income from a venture capital fund established on or after January 1, 2018. The deduction applies to ta...
Connecticut legislation creates a personal income tax deduction for general partners who receive income from a venture capital fund established on or after January 1, 2018. The deduction applies to ta...
DE - Local lodging tax authorized
Delaware counties with populations greater than 500,000 are authorized to enact a local lodging tax of no more than 3% of the rent, in addition to the state tax imposed, for any rooms in a hotel, mote...
Delaware counties with populations greater than 500,000 are authorized to enact a local lodging tax of no more than 3% of the rent, in addition to the state tax imposed, for any rooms in a hotel, mote...
DC - DC prepares to add 8 new tax types for eFiling
The District of Columbia will begin to convert eight tax types for its efiling tax portal MyTax.DC.gov on October 29, 2018. The tax types are:alcoholic beverageballpark feecigarett...
The District of Columbia will begin to convert eight tax types for its efiling tax portal MyTax.DC.gov on October 29, 2018. The tax types are:alcoholic beverageballpark feecigarett...
FL - 2018 legislative changes to tax credit scholarship program discussed
Florida discusses the 2018 legislative changes to the Tax Credit Scholarship Program for corporate income and sales and use tax purposes. The program allows taxpayers to make private, voluntary contri...
Florida discusses the 2018 legislative changes to the Tax Credit Scholarship Program for corporate income and sales and use tax purposes. The program allows taxpayers to make private, voluntary contri...
GA - Taxpayer with usufruct interest in property not subject to real property tax
For property tax purposes, the Georgia Supreme Court (court) affirmed a trial court decision that an agreement between a city and a private business (taxpayer) for the lease of retail concession space...
For property tax purposes, the Georgia Supreme Court (court) affirmed a trial court decision that an agreement between a city and a private business (taxpayer) for the lease of retail concession space...
HI - IRC conformity updated
Hawaii’s Internal Revenue Code (IRC) tie-in date moves to February 9, 2018, for tax years beginning after 2017. The prior IRC conformity date was December 31, 2016, for tax years beginning after...
Hawaii’s Internal Revenue Code (IRC) tie-in date moves to February 9, 2018, for tax years beginning after 2017. The prior IRC conformity date was December 31, 2016, for tax years beginning after...
ID - Estimates of 2018 property taxes available for certain counties
Residents in 17 Idaho counties may estimate their 2018 property taxes by visiting the State Tax Commission’s website and using the online calculator to estimate what they owe. The estimate may n...
Residents in 17 Idaho counties may estimate their 2018 property taxes by visiting the State Tax Commission’s website and using the online calculator to estimate what they owe. The estimate may n...
IL - Philadelphia reduces income tax rates
Beginning July 1, 2018, Philadelphia will reduce the rate of the:wage tax;earnings tax;net profits tax; andschool income tax.All paychecks issued after June 30, 2018 must have Philadelphia City Wage T...
Beginning July 1, 2018, Philadelphia will reduce the rate of the:wage tax;earnings tax;net profits tax; andschool income tax.All paychecks issued after June 30, 2018 must have Philadelphia City Wage T...
IN - July 2018 gasoline use tax rate issued
The Indiana gasoline use tax rate for July 2018 is 16.7 cents per gallon. The rate for June 2018 is 15.9 cents per gallon. Departmental Notice #2, Indiana Department of Revenue, July 2018...
The Indiana gasoline use tax rate for July 2018 is 16.7 cents per gallon. The rate for June 2018 is 15.9 cents per gallon. Departmental Notice #2, Indiana Department of Revenue, July 2018...
IA - DOR offers wayfair guidance
Iowa issued guidance regarding how the U.S. Supreme Court’s decision in South Dakota v. Wayfair, Inc., Docket No. 17-494 affects Iowa and online retailers, remote sellers, and marketplace p...
Iowa issued guidance regarding how the U.S. Supreme Court’s decision in South Dakota v. Wayfair, Inc., Docket No. 17-494 affects Iowa and online retailers, remote sellers, and marketplace p...
KS - Guidance provided on taxation of fuel used in concrete mixer trucks for non-highway purposes
The Kansas Department of Revenue has issued a notice regarding the taxation of motor fuel used in concrete mixer trucks for non-highway purposes. A person who operates a truck designed, equipped, and ...
The Kansas Department of Revenue has issued a notice regarding the taxation of motor fuel used in concrete mixer trucks for non-highway purposes. A person who operates a truck designed, equipped, and ...
KY - 2018 legislative developments discussed
The latest issue of Kentucky Sales Tax Facts discusses 2018 legislative developments affecting retailers. Unless otherwise noted, these changes become effective July 1, 2018. Kentucky Sales Tax F...
The latest issue of Kentucky Sales Tax Facts discusses 2018 legislative developments affecting retailers. Unless otherwise noted, these changes become effective July 1, 2018. Kentucky Sales Tax F...
LA - Remote sellers required to collect
Louisiana will require remote retailers to collect sales and use tax if they meet certain sales thresholds. The thresholds apply to tax periods on or after the date of the final ruling in South D...
Louisiana will require remote retailers to collect sales and use tax if they meet certain sales thresholds. The thresholds apply to tax periods on or after the date of the final ruling in South D...
ME - Electricity, gas, water sales discussed
The application of Maine sales and use tax to electricity, gas, and water is explained in an instructional bulletin that was published in 1952 and has been revised for the first time since then. Taxab...
The application of Maine sales and use tax to electricity, gas, and water is explained in an instructional bulletin that was published in 1952 and has been revised for the first time since then. Taxab...
MD - Wynne refunds discussed
The Maryland Tax Court issued a personal income tax order clarifying that section 16 of the budget reconciliation act of 2014 violates the dormant Commerce Clause of the United States Constitution by ...
The Maryland Tax Court issued a personal income tax order clarifying that section 16 of the budget reconciliation act of 2014 violates the dormant Commerce Clause of the United States Constitution by ...
MA - Massachusetts increases life sciences credit cap, extends sunset date
Massachusetts provides a credit against corporate excise and personal income tax liability to companies engaged in life sciences in the state. Legislation increases the annual stat...
Massachusetts provides a credit against corporate excise and personal income tax liability to companies engaged in life sciences in the state. Legislation increases the annual stat...
MI - Filing deadlines extended due disaster declaration
Due to the governor’s declaration of a state disaster, the Michigan Department of Treasury has provided state tax relief to taxpayers in Houghton and Menominee counties. Individuals and business...
Due to the governor’s declaration of a state disaster, the Michigan Department of Treasury has provided state tax relief to taxpayers in Houghton and Menominee counties. Individuals and business...
MN - DOR offers Wayfair guidance
The Minnesota Department Revenue is analyzing how the U.S. Supreme Court’s decision in South Dakota v. Wayfair, Inc., Docket No. 17-494, affects Minnesota and online retailers, remote selle...
The Minnesota Department Revenue is analyzing how the U.S. Supreme Court’s decision in South Dakota v. Wayfair, Inc., Docket No. 17-494, affects Minnesota and online retailers, remote selle...
MS - Tax sale void for failure to satisfy statutory notice requirements despite waiver of notice
A Mississippi chancery court did not err in voiding a property tax sale and refunding the purchase price because the county chancery clerk failed to satisfy the statutory notice requirements. The tax ...
A Mississippi chancery court did not err in voiding a property tax sale and refunding the purchase price because the county chancery clerk failed to satisfy the statutory notice requirements. The tax ...
MO - Legislation enacts exemptions for dues made to nonprofits and disposable diapers
Missouri sales and use tax exemptions are enacted for certain dues and disposable diapers.Initiation Fees or Dues Made to Nonprofit OrganizationsCharges for initiation fees or dues made to nonprofit o...
Missouri sales and use tax exemptions are enacted for certain dues and disposable diapers.Initiation Fees or Dues Made to Nonprofit OrganizationsCharges for initiation fees or dues made to nonprofit o...
MT - Pass-through entity apportionment rules adopted
Montana has adopted a new rule on apportionment and allocation of income for pass-through entities.Before, the apportionment rule for individuals, estates, and trusts also covered pass-through entitie...
Montana has adopted a new rule on apportionment and allocation of income for pass-through entities.Before, the apportionment rule for individuals, estates, and trusts also covered pass-through entitie...
NE - Government property leased to private party was exempt
Property owned by the Natural Resources District (NRD) and leased to a private party for grazing purposes qualified for exemption from Nebraska property tax as it was used for a public purpose.Public ...
Property owned by the Natural Resources District (NRD) and leased to a private party for grazing purposes qualified for exemption from Nebraska property tax as it was used for a public purpose.Public ...
NV - Regulations adopted on credit for new or expanding businesses
Nevada adopted regulations on the transferable credit available to new or expanding businesses. Taxpayers can apply the credit against:the modified business tax;the financial institution modified busi...
Nevada adopted regulations on the transferable credit available to new or expanding businesses. Taxpayers can apply the credit against:the modified business tax;the financial institution modified busi...
NH - Regenerative manufacturing exemption enacted
New Hampshire enacted a 10 year exemption from the business profits tax (BPT) and business enterprise tax (BET) for regenerative manufacturing businesses.The business must:file an election stating it ...
New Hampshire enacted a 10 year exemption from the business profits tax (BPT) and business enterprise tax (BET) for regenerative manufacturing businesses.The business must:file an election stating it ...
NJ - Surtax, decoupling bill sent to governor
The New Jersey Legislature passed a bill that would:impose a surtax on corporations for two years;decouple from certain provisions of the federal Tax Cuts and Jobs Act;reduce the dividend exclusion;im...
The New Jersey Legislature passed a bill that would:impose a surtax on corporations for two years;decouple from certain provisions of the federal Tax Cuts and Jobs Act;reduce the dividend exclusion;im...
NM - Decision holding taxpayer liable for unpaid taxes withdrawn
The New Mexico Administrative Hearings Office (office) withdrew a previous decision in which it upheld a personal income tax assessment against a taxpayer, and issued an amended decision stating that ...
The New Mexico Administrative Hearings Office (office) withdrew a previous decision in which it upheld a personal income tax assessment against a taxpayer, and issued an amended decision stating that ...
NY - NOL deduction required even when tax computed on asset base
New York required a corporation computing the former bank tax on an alternative base to use a net operating loss (NOL) deduction.The deduction decreased the corporation’s entire net income in 20...
New York required a corporation computing the former bank tax on an alternative base to use a net operating loss (NOL) deduction.The deduction decreased the corporation’s entire net income in 20...
NC - North Carolina violated New York trust’s due process
The North Carolina Supreme Court held the state could not constitutionally collect personal income tax from a New York trust based solely on the presence of its beneficiaries in the state. Under North...
The North Carolina Supreme Court held the state could not constitutionally collect personal income tax from a New York trust based solely on the presence of its beneficiaries in the state. Under North...
ND - Remote sellers meeting thresholds in North Dakota now subject to sales tax
Out-of-state sellers with no physical presence in North Dakota are now subject to sales and use tax if they meet certain thresholds.Thresholds for Remote Sellers to Be Subject to TaxRemote sellers mus...
Out-of-state sellers with no physical presence in North Dakota are now subject to sales and use tax if they meet certain thresholds.Thresholds for Remote Sellers to Be Subject to TaxRemote sellers mus...
OH - IRC conformity elections explained
Ohio allows personal income taxpayers to elect the version of the Internal Revenue Code (IRC) that applies to them. Ohio allows a taxpayer to irrevocably elect either:the version of the IRC adopted by...
Ohio allows personal income taxpayers to elect the version of the Internal Revenue Code (IRC) that applies to them. Ohio allows a taxpayer to irrevocably elect either:the version of the IRC adopted by...
OK - Commercial airline exemption amended
Oklahoma legislation amends the state aircraft excise tax exemption for commercial airlines.Commercial Airline ExemptionThe aircraft excise tax exemption for aircraft purchased or used by commercial a...
Oklahoma legislation amends the state aircraft excise tax exemption for commercial airlines.Commercial Airline ExemptionThe aircraft excise tax exemption for aircraft purchased or used by commercial a...
OR - Taxpayers entitled to certain business expense deductions
For Oregon personal income tax purposes, taxpayers were entitled to certain business expense deductions related to their daycare business, including expenses for union dues and utility. However, no de...
For Oregon personal income tax purposes, taxpayers were entitled to certain business expense deductions related to their daycare business, including expenses for union dues and utility. However, no de...
PA - Release discussing study of 10-Year tax abatement issued
For Pennsylvania property tax purposes, the City of Philadelphia Department of Revenue has issued a press release discussing the new study of Philadelphia’s 10 year abatement of real estate taxe...
For Pennsylvania property tax purposes, the City of Philadelphia Department of Revenue has issued a press release discussing the new study of Philadelphia’s 10 year abatement of real estate taxe...
RI - Out-of-state registered car subject to use tax
An individual taxpayer owed Rhode Island use tax on a car he purchased and registered out-of-state because he was not a bona fide nonresident of Rhode Island when he purchased the car. Under the law, ...
An individual taxpayer owed Rhode Island use tax on a car he purchased and registered out-of-state because he was not a bona fide nonresident of Rhode Island when he purchased the car. Under the law, ...
SC - Annual sales tax holiday announced
South Carolina’s annual sales tax holiday will take place from August 3, 2018 through August 5, 2018. During this period, the state and local sales tax will not apply to clothing, clothing acces...
South Carolina’s annual sales tax holiday will take place from August 3, 2018 through August 5, 2018. During this period, the state and local sales tax will not apply to clothing, clothing acces...
SD - New municipal tax rate changes announced
The South Dakota Department of Revenue has announced that effective July 1, 2018, the following municipal sales tax rate changes will be imposed:Rosholt is increasing its general sales and use tax rat...
The South Dakota Department of Revenue has announced that effective July 1, 2018, the following municipal sales tax rate changes will be imposed:Rosholt is increasing its general sales and use tax rat...
TN - Guidance on taxability of dues or fees paid to physical fitness facilities issued
The Tennessee Department of Revenue has issued a notice that provides guidance on the applicability of sales tax to dues or fees paid to physical fitness facilities. Generally, dues or fees paid to he...
The Tennessee Department of Revenue has issued a notice that provides guidance on the applicability of sales tax to dues or fees paid to physical fitness facilities. Generally, dues or fees paid to he...
TX - Foreclosure on property tax liens allowed
For Texas property tax purposes, a school district was entitled to enforce its tax lien on the taxpayer’s property to collect the amount of taxes, penalties, and interest due on the taxpayer&rsq...
For Texas property tax purposes, a school district was entitled to enforce its tax lien on the taxpayer’s property to collect the amount of taxes, penalties, and interest due on the taxpayer&rsq...
UT - Protest partially denied as taxpayers were domiciled in Utah
Utah taxpayers appeal against an assessment of additional personal income taxes for the tax years 2010, 2011, 2014, and 2015 was partially denied because the taxpayers were Utah resident for 2014 and ...
Utah taxpayers appeal against an assessment of additional personal income taxes for the tax years 2010, 2011, 2014, and 2015 was partially denied because the taxpayers were Utah resident for 2014 and ...
VT - Provisions regarding petition for redetermination amended
Recently enacted Vermont legislation amends the statute relating to the redetermination of the municipality's equalized education property value and coefficient of dispersion. A municipality, within 3...
Recently enacted Vermont legislation amends the statute relating to the redetermination of the municipality's equalized education property value and coefficient of dispersion. A municipality, within 3...
VA - Innovations to protect taxpayers data discussed
For corporate and personal income tax purposes, the Virginia Department of Taxation issued a news release discussing the initiatives taken by a team of experts called the "Refund Fraud Team" in p...
For corporate and personal income tax purposes, the Virginia Department of Taxation issued a news release discussing the initiatives taken by a team of experts called the "Refund Fraud Team" in p...
WA - Tax credits for billing discounts and qualifying contributions explained
The Washington Department of Revenue has issued a special notice regarding the eligibility and application requirements for public utility excise tax credits for billing discounts and qualifying contr...
The Washington Department of Revenue has issued a special notice regarding the eligibility and application requirements for public utility excise tax credits for billing discounts and qualifying contr...
WV - Tax lien provisions amended
Enacted West Virginia legislation has amended provisions relating to purchasers of property tax liens securing a deed. The enacted law provides that at any time after August 31 of the year following t...
Enacted West Virginia legislation has amended provisions relating to purchasers of property tax liens securing a deed. The enacted law provides that at any time after August 31 of the year following t...
WI - Petition for judicial review denied as untimely
Taxpayers’ petition for judicial review in a Wisconsin personal income tax case was dismissed as untimely because it was filed outside of the statutory window to appeal Tax Appeals Commission's ...
Taxpayers’ petition for judicial review in a Wisconsin personal income tax case was dismissed as untimely because it was filed outside of the statutory window to appeal Tax Appeals Commission's ...
WY - Airplane purchased in another state but stored and used in Wyoming subject to tax
An out-of-state corporation’s (taxpayer’s) purchase of a used airplane was subject to Wyoming use tax because the taxpayer bought the airplane in another state but stored and used it in Wy...
An out-of-state corporation’s (taxpayer’s) purchase of a used airplane was subject to Wyoming use tax because the taxpayer bought the airplane in another state but stored and used it in Wy...
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