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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 - Department begins collecting local taxes in City of Leeds
The city of Leeds begins using the services of the Alabama Department of Revenue in the administration and collection of its sales, use, rental, and lodgings taxes, effective July 1, 2018.Effective Fi...
The city of Leeds begins using the services of the Alabama Department of Revenue in the administration and collection of its sales, use, rental, and lodgings taxes, effective July 1, 2018.Effective Fi...
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 - Budget trailer bill makes tax credit changes
A budget trailer bill makes tax credit and other changes necessary to implement the 2018 California budget act. The changes affect personal income and corporate franchise and income taxes. Specificall...
A budget trailer bill makes tax credit and other changes necessary to implement the 2018 California budget act. The changes affect personal income and corporate franchise and income taxes. Specificall...
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 - Summary of legislative changes issued
The Connecticut Department of Revenue Services has issued a summary discussing legislative changes enacted this year that affect provisions regarding the motor fuels tax, sales and use tax, and the re...
The Connecticut Department of Revenue Services has issued a summary discussing legislative changes enacted this year that affect provisions regarding the motor fuels tax, sales and use tax, and the re...
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 - Changes to sales and use tax exemptions for aquaculture business discussed
The Florida Department of Revenue has issued a tax information publication discussing changes to sales and use tax exemptions for aquaculture business. Effective July 1, 2018, the exemption for butane...
The Florida Department of Revenue has issued a tax information publication discussing changes to sales and use tax exemptions for aquaculture business. Effective July 1, 2018, the exemption for butane...
GA - Department will start accepting rural hospital organization expense tax credit applications July 1
The Georgia Department of Revenue (department) issued a press release announcing that it will begin accepting corporate income and personal income qualified rural hospital organization expense tax cre...
The Georgia Department of Revenue (department) issued a press release announcing that it will begin accepting corporate income and personal income qualified rural hospital organization expense tax cre...
HI - Sourcing and apportionment of income from contracting or services discussed
For general excise tax (GET) purposes, the Hawaii Department of Taxation has issued a tax information release that discusses recently adopted rules relating to the sourcing and apportionment of income...
For general excise tax (GET) purposes, the Hawaii Department of Taxation has issued a tax information release that discusses recently adopted rules relating to the sourcing and apportionment of income...
ID - Tax commission issues statement on Wayfair decision
The Idaho State Tax Commission has issued a statement on the potential sales tax impact of South Dakota v. Wayfair, Inc., U.S. Supreme Court, Dkt. No. 17-494, June 21, 2018. The Court’s dec...
The Idaho State Tax Commission has issued a statement on the potential sales tax impact of South Dakota v. Wayfair, Inc., U.S. Supreme Court, Dkt. No. 17-494, June 21, 2018. The Court’s dec...
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 - Department started issuing notices to delinquent taxpayers
The Indiana Department of Revenue has issued a press release stating that the department has started issuing notices to corporate and personal taxpayers having outstanding debt for the 2018 tax season...
The Indiana Department of Revenue has issued a press release stating that the department has started issuing notices to corporate and personal taxpayers having outstanding debt for the 2018 tax season...
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 - Q3 transient guest tax rate changes announced
Transient guest tax rate changes take effect in the following Kansas cities on July 1, 2018:Edwardsville begins imposing a transient guest tax at a rate of 6%.Louisburg begins imposing a transient gue...
Transient guest tax rate changes take effect in the following Kansas cities on July 1, 2018:Edwardsville begins imposing a transient guest tax at a rate of 6%.Louisburg begins imposing a transient gue...
KY - Department of revenue provides Wayfair guidance
Following the decision in South Dakota v. Wayfair, Inc., U.S. Supreme Court, Dkt. No. 17-494, June 21, 2018, the Kentucky DOR has issued a release on the state’s recently enacted sales tax ...
Following the decision in South Dakota v. Wayfair, Inc., U.S. Supreme Court, Dkt. No. 17-494, June 21, 2018, the Kentucky DOR has issued a release on the state’s recently enacted sales tax ...
LA - Requirement to file amended return due to federal disaster relief discussed
The Louisiana Department of Revenue has issued a bulletin discussing the requirement to file amended Louisiana personal income tax returns due to federal disaster relief. The bulletin states that the ...
The Louisiana Department of Revenue has issued a bulletin discussing the requirement to file amended Louisiana personal income tax returns due to federal disaster relief. The bulletin states that the ...
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 bill creates family and medical leave payroll tax
The Massachusetts legislature sent Gov. Charlie Baker legislation that would create a new payroll income tax on employers for a state family and medical leave program.What Employers Would Pay the Payr...
The Massachusetts legislature sent Gov. Charlie Baker legislation that would create a new payroll income tax on employers for a state family and medical leave program.What Employers Would Pay the Payr...
MI - Exemption for nonprofit sales expanded
The Michigan sales tax exemption for sales made by nonprofit organization, church, school, or hospital has been revised.Exemption LimitSchools, churches, hospitals, parent cooperative preschools, or n...
The Michigan sales tax exemption for sales made by nonprofit organization, church, school, or hospital has been revised.Exemption LimitSchools, churches, hospitals, parent cooperative preschools, or n...
MN - Application of MinnesotaCare to dental care providers explained
The Minnesota Department of Revenue issued a fact sheet explaining how the MinnesotaCare Provider Tax applies to dental care providers. Dental care providers are health care providers under MinnesotaC...
The Minnesota Department of Revenue issued a fact sheet explaining how the MinnesotaCare Provider Tax applies to dental care providers. Dental care providers are health care providers under MinnesotaC...
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 - Permit suspension or revocation hearings explained
Guidance has been provided on the hearing for the suspension or revocation of a Nebraska sales tax permit.Hearing ProceduresDuring the revocation/suspension hearing, the Department of Revenue will pre...
Guidance has been provided on the hearing for the suspension or revocation of a Nebraska sales tax permit.Hearing ProceduresDuring the revocation/suspension hearing, the Department of Revenue will pre...
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 - Governor responds to wayfair
Following the decision in South Dakota v. Wayfair, Inc., U.S. Supreme Court, Dkt. No. 17-494, June 21, 2018, Governor Chris Sununu joined Senate President Chuck Morse, House Speaker Gene Chandler...
Following the decision in South Dakota v. Wayfair, Inc., U.S. Supreme Court, Dkt. No. 17-494, June 21, 2018, Governor Chris Sununu joined Senate President Chuck Morse, House Speaker Gene Chandler...
NJ - New Jersey surtax, combined reporting, and decoupling enacted
The New Jersey governor signed a bill that:impose a surtax on corporations for two years;decouples from certain provisions of the federal Tax Cuts and Jobs Act;reduces the dividend exclusion;requires ...
The New Jersey governor signed a bill that:impose a surtax on corporations for two years;decouples from certain provisions of the federal Tax Cuts and Jobs Act;reduces the dividend exclusion;requires ...
NM - Interest rate remains unchanged for third quarter of 2018
The interest rate charged on an underpayment or paid on an overpayment of New Mexico tax remains unchanged, at 5%, for the third quarter of 2018.The release can be viewed on the New Mexico Department ...
The interest rate charged on an underpayment or paid on an overpayment of New Mexico tax remains unchanged, at 5%, for the third quarter of 2018.The release can be viewed on the New Mexico Department ...
NY - 2009 amendments to empire zone credit program did not retroactively apply
For personal income tax purposes, the New York Tax Appeals Tribunal upheld an administrative law judge’s determination (ALJ’s) that certain 2009 statutory amendments to the Empire Zone Cre...
For personal income tax purposes, the New York Tax Appeals Tribunal upheld an administrative law judge’s determination (ALJ’s) that certain 2009 statutory amendments to the Empire Zone Cre...
NC - North Carolina IRC conformity update and TCJA adjustments take effect June 12
North Carolina legislation that updated the IRC conformity date for computing corporate and personal income tax liability takes effect June 12, 2018. Most other income tax changes included in the legi...
North Carolina legislation that updated the IRC conformity date for computing corporate and personal income tax liability takes effect June 12, 2018. Most other income tax changes included in the legi...
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 - Owner estopped from litigating issue of arms-length nature of sale
An Ohio property owner could not relitigate the arms-length nature of an auction sale for valuation purposes because the issue had already been litigated for tax year 2012. Both the Board of Revision ...
An Ohio property owner could not relitigate the arms-length nature of an auction sale for valuation purposes because the issue had already been litigated for tax year 2012. Both the Board of Revision ...
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 - New transportation tax withholding discussed
The Oregon Department of Revenue issued a press release informing corporate and personal income taxpayers about a new tax withholding on paystubs received after July 1, 2018. The release states that O...
The Oregon Department of Revenue issued a press release informing corporate and personal income taxpayers about a new tax withholding on paystubs received after July 1, 2018. The release states that O...
PA - Tax credits available to entertainment industry expanded
Pennsylvania has expanded the availability of two corporate income tax credits.Keystone Special Development ZoneEntertainment Business Financial Management Firms operating in a Keystone Special Develo...
Pennsylvania has expanded the availability of two corporate income tax credits.Keystone Special Development ZoneEntertainment Business Financial Management Firms operating in a Keystone Special Develo...
RI - Refund claim denied as untimely
A taxpayer’s claim for a refund of Rhode Island personal income tax for the 2013 tax year was denied because the claim was not made within the statutory time period. According to the statute, a ...
A taxpayer’s claim for a refund of Rhode Island personal income tax for the 2013 tax year was denied because the claim was not made within the statutory time period. According to the statute, a ...
SC - Updated 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 - Remote sellers left wondering when wayfair decision will be enforced
The U.S. Supreme Court recently issued their decision in South Dakota v. Wayfair, and upheld South Dakota’s law requiring certain remote sellers without physical presence to collect and pay sale...
The U.S. Supreme Court recently issued their decision in South Dakota v. Wayfair, and upheld South Dakota’s law requiring certain remote sellers without physical presence to collect and pay sale...
TN - Tax holiday will be held last weekend in July
The Tennessee Department of Revenue has announced that the sales tax holiday will be held on July 27 through July 29, 2018. Items that qualify for the holiday include clothing that costs $100 or less ...
The Tennessee Department of Revenue has announced that the sales tax holiday will be held on July 27 through July 29, 2018. Items that qualify for the holiday include clothing that costs $100 or less ...
TX - Guidance updated to remove exemption for mandatory repair services for components attached to equipment that emit radiation
The Texas Comptroller has revised a tax policy guidance to exclude from sales and use tax exemption, mandatory repair services for items that are merely attached or connected to equipment that is a so...
The Texas Comptroller has revised a tax policy guidance to exclude from sales and use tax exemption, mandatory repair services for items that are merely attached or connected to equipment that is a so...
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 - Vermont rates reduced, IRC conformity updated
Vermont legislators passed a budget bill updating the Internal Revenue Code (IRC) conformity date and making various personal income tax changes. Governor Phil Scott announced that he plans to let the...
Vermont legislators passed a budget bill updating the Internal Revenue Code (IRC) conformity date and making various personal income tax changes. Governor Phil Scott announced that he plans to let the...
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 - Separation of river sediment subject to tax as “Processing”
The service of separating contaminated river sediment into component parts was subject to Wisconsin sales and use tax as "processing."Definition of "Processing"The Wisconsin Supreme Court de...
The service of separating contaminated river sediment into component parts was subject to Wisconsin sales and use tax as "processing."Definition of "Processing"The Wisconsin Supreme Court de...
WY - Local rate changes announced
Local Wyoming sales and use tax changes have been amended. Beginning October 1, 2018, Carbon County will decrease its rate from 6% to 5%. The combined lodging and sales tax rate will be 7%. Taxin...
Local Wyoming sales and use tax changes have been amended. Beginning October 1, 2018, Carbon County will decrease its rate from 6% to 5%. The combined lodging and sales tax rate will be 7%. Taxin...
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