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Tax Briefing(s)

2018 Year-End Tax Planning Tax Reform 2.0 2018 Post-Filing Season Update Congress Approves Sweeping Tax Overhaul

IRS Clarifies Treatment of Refunds with New SALT Limits
The IRS has provided four examples of the interaction of the new limit on the deduction on state and local taxes (SALT) under Code Sec. 164(b)(6) with the tax benefit rule for refunds under&...

Plug-In Electric Vehicle Credit to Phase Out for GM Vehicles
The tax credit for new qualified plug-in electric drive motor vehicles sold by General Motors, LLC, will begin to phase out April 1, 2019. The credit begins to phase out in the second calendar quarter...

2019 Foreign Housing Expense Limitations Released
The IRS has provided the adjustments to the limitation on foreign housing expenses for specific locations for tax year 2019. Generally, a qualified individual whose entire tax year is within the appli...

2018 Waivers of 911 Eligibility Requirements Due to Adverse Conditions
The IRS has provided a waiver for any individual who, for the 2018 tax year, failed to meet the eligibility requirements of Code Sec. 911(d)(1) due to war, civil unrest, or similar adverse c...

IRS Revises EIN Application Process
As part of its ongoing security review, the IRS is revising the application process for obtaining an employer identification number (EIN). Starting May 13, 2019, only individuals with social security ...

IRS Issues 2018 Nonconventional Source Fuel Reference Price
The IRS has published the nonconventional source fuel reference price for calendar year 2018. The credit period for the nonconventional source production credit under Code Sec. 45K ended on ...

AZ - Seven-year period set for assessing tax after failure to file return
The Arizona Department of Revenue has seven years to assess the tax if a taxpayer fails to file a report or return for:income tax; orwithholding tax.Arizona enacted legislation creating this new limit...

CA - System error resulted in unverified wage withholding
The California Franchise Tax Board (FTB) informed personal income taxpayers that due to a system error that occurred during March 8, 2019, to March 11, 2019, the FTB issued refunds to taxpayers withou...

CO - Colorado amends residence retrofitting credit
Colorado legislation modifies the definition of a dependent for purposes of the credit for retrofitting a residence to increase accessibility. The legislation also changes additional provisions relate...

FL - Classified use assessment post-hurricane Michael clarified
Florida clarifies classified use assessment post-Hurricane Michael for property tax purposes.Five-Year Recovery PeriodHurricane Michael caused significant damage to agriculturally-classified propertie...

GA - High-technology data center rule adopted
The Georgia DOR has adopted Rule 560-12-2-.117 ("High-Technology Data Center Equipment"). The rule provides guidance on the sales and use tax exemption for high-technology data centers in effect from ...

HI - New mandatory electronic filing announced
The Hawaii Department of Taxation has announced that fuel, liquor, and cigarette and tobacco tax returns for tax periods beginning on or after September 1, 2019 will be required to be filed electronic...

ID - Taxpayer owed tax because its purchase of goods from supplier was retail sale
A contractor (taxpayer) was properly issued a notice of deficiency determination (notice) proposing Idaho use tax, penalty and interest because the taxpayer’s purchase of goods from its supplier...

IL - Subtraction for dividends from taxable brokerage account not allowed
The Illinois Department of Revenue issued a general information letter stating that dividends from company stock held in a taxable brokerage account cannot be deducted from adjusted gross income on pe...

IA - Taxpayers in additional counties have deadline extended
Iowa has added an additional two counties, to the existing five, with extended income tax filing dates for residents affected by flooding. On April 16 two additional counties were added to the Preside...

MD - Maryland issues guidance on treatment of global intangible low taxed income (GILTI)
Maryland has issued guidance on the reporting and taxation of IRC Sec. 951A global intangible low taxed income (GILTI), which is included in federal adjusted gross income. Because GILTI is not a divid...

MA - Draft guidance on cash method of accounting issued
Massachusetts issued draft guidance explaining the impact of the Tax Cuts and Jobs Act (TCJA) limits on the cash method of accounting for:corporate excise taxpayers;financial institution excise taxpay...

NV - Regulation establishing standards to determine whether overpayment of taxes was made intentionally or by reason of carelessness
The Nevada Tax Commission has issued a sales tax regulation establishing the standards to be used by the Department of Taxation to determine whether an overpayment of certain taxes was made intentiona...

NM - New Mexico enacts a county compensating/use tax
New Mexico has enacted a county compensating tax that will replace several local taxes. The tax will be imposed on a person for the privilege of using:property;a license or franchise; andservices.The ...

NY - Taxpayer properly claimed empire state film production credit
For corporate and personal income tax purposes, a New York state taxpayer properly claimed empire state film production credit claim for the 2007 tax year. In this matter, the taxpayer filed a protest...

NC - IRC conformity updated
North Carolina enacted legislation that updates the IRC conformity date for computing corporate and personal income tax liability.IRC Conformity DateThe legislation changes the IRC conformity date fro...

ND - State enacts alternative simplified method for calculating research credit
North Dakota has enacted an elective alternative simplified method for calculating the research and experimental expenditure credit.Credit CalculationUnder the alternative simplified method, the credi...

OH - Trial court lacked subject matter jurisdiction to vacate tax liens
The Ohio Court of Appeals has held that the court of common pleas (trial court) did not err in determining that it lacked subject-matter jurisdiction to vacate the tax liens arising from unpaid school...

OR - Deduction of loss from sale of property and rental activities allowed
For Oregon personal income tax purposes, taxpayers were entitled to deduct the loss from the sale of their property and suspended losses from their rental real estate activity because they converted t...

PA - Imposition of business privilege taxes upheld
For corporate income tax purposes, the Pennsylvania Commonwealth Court determined that the state law does not preempt a municipality from imposing a fee on businesses operating within its boundaries. ...

TN - Classification of business as seller of glass affirmed
The trial court did not err in determining that the taxpayer should be classified under Classification 1(B) for Tennessee business tax purposes because the majority of gross sales for the taxpayer wer...

TX - Apportionment of receipts from sales of products determined
The Texas Comptroller ruled on how to apportion receipts from sales of products delivered within and outside of Texas.Combined GroupsThe taxpayer is a Texas-based wholesale and distribution business. ...

UT - Utah expands corporate income tax nexus standard
Utah legislation expands the state’s "doing business" standard for corporate income tax purposes. The legislation is operative for tax years beginning on or after January 1, 2019.The s...

VA - Litter tax due May 1, 2019
The Virginia Department of Taxation informs manufacturers, wholesalers, distributors, or retailers of the following products that they are required to pay the litter tax by May 1,2019: food for human ...

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