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Tax Alerts
October 30, 2020
Tax Briefing(s)
2020 Tax Policies of the Major Presidential Candidates2020 Payroll Tax Deferral Order2020 Post-Filing Season UpdateCARES ActCoronavirus Tax Relief
Senate Fails to Pass “Skinny” COVID-19 Relief Bill
On September 10, 2020, the Senate failed to pass the Delivering Immediate Relief to America’s Families, Schools and Small Businesses Act. This bill was described as a targeted proposal, and included...
On September 10, 2020, the Senate failed to pass the Delivering Immediate Relief to America’s Families, Schools and Small Businesses Act. This bill was described as a targeted proposal, and included...
Higher Penalties on 2019 Returns Filed After September 14
The IRS has warned taxpayers who have not yet filed their 2019 tax returns that higher penalties will be imposed if they file after September 14. Taxpayers who submitted an extension of time to file t...
The IRS has warned taxpayers who have not yet filed their 2019 tax returns that higher penalties will be imposed if they file after September 14. Taxpayers who submitted an extension of time to file t...
E-Signatures Temporarily Approved for Certain Forms
The IRS has announced that it is temporarily allowing the use of digital signatures on certain forms that normally require a handwritten signature. The following forms can be submitted with digital ...
The IRS has announced that it is temporarily allowing the use of digital signatures on certain forms that normally require a handwritten signature. The following forms can be submitted with digital ...
Digital Signatures Allowed on More Forms
The IRS had announced that it would temporarily allow the use of digital signatures on certain forms that cannot be filed electronically; the Service has now added several additional forms to that...
The IRS had announced that it would temporarily allow the use of digital signatures on certain forms that cannot be filed electronically; the Service has now added several additional forms to that...
IRS Suspends Mailing Notices to Taxpayers with Balances Due
The IRS has temporarily suspended the mailing of three notices—CP501, CP503, and CP504—to taxpayers who have a balance due on their taxes. The IRS is taking this step to avoid confusion for taxpay...
The IRS has temporarily suspended the mailing of three notices—CP501, CP503, and CP504—to taxpayers who have a balance due on their taxes. The IRS is taking this step to avoid confusion for taxpay...
IRS Launches Partnership Audit Website
The IRS announced the launch of the Bi-Partisan Budget Act (BBA) Centralized Partnership Audit Regime website. The website intends to be a one-stop location for anything BBA-related including regulat...
The IRS announced the launch of the Bi-Partisan Budget Act (BBA) Centralized Partnership Audit Regime website. The website intends to be a one-stop location for anything BBA-related including regulat...
Form 1040 Now Available in Spanish
The IRS will be providing Form 1040 in Spanish for the first time as part of a larger effort to reach underserved communities. The IRS’s newly expanded multilingual initiative is a key part of helpi...
The IRS will be providing Form 1040 in Spanish for the first time as part of a larger effort to reach underserved communities. The IRS’s newly expanded multilingual initiative is a key part of helpi...
AZ - No local rate changes effective November 1
There are no local Arizona transaction privilege tax (TPT) changes effective November 1, 2020. The TPT rate chart can be viewed at: https://azdor.gov/sites/default/files/media/TPT_RATETABLE_11012020....
There are no local Arizona transaction privilege tax (TPT) changes effective November 1, 2020. The TPT rate chart can be viewed at: https://azdor.gov/sites/default/files/media/TPT_RATETABLE_11012020....
CA - California enacts new construction exclusion
A new construction California property tax exclusion is enacted for property damaged or destroyed by a Governor-declared disaster.New Construction Exclusion ConditionsFor property that has been substa...
A new construction California property tax exclusion is enacted for property damaged or destroyed by a Governor-declared disaster.New Construction Exclusion ConditionsFor property that has been substa...
CO - Publication on cares act tax law changes revised
The Colorado Department of Revenue has revised a publication addressing how recent retroactive federal tax provisions under the Coronavirus Aid, Relief and Economic Security Act (CARES Act) interact w...
The Colorado Department of Revenue has revised a publication addressing how recent retroactive federal tax provisions under the Coronavirus Aid, Relief and Economic Security Act (CARES Act) interact w...
FL - Tax information on adoption of 2020 internal revenue code published
The Florida Income Tax Code was amended to adopt the Internal Revenue Code (IRC) retroactively to January 1, 2020. As a result, Florida will follow the computation of federal taxable income. However, ...
The Florida Income Tax Code was amended to adopt the Internal Revenue Code (IRC) retroactively to January 1, 2020. As a result, Florida will follow the computation of federal taxable income. However, ...
GA - Taxpayer had standing to file claim for refund
The Georgia Court of Appeals adopted the opinion and judgement of the state Supreme court stating that a group of telecommunication dealers (taxpayer) had representational standing for the purpose of ...
The Georgia Court of Appeals adopted the opinion and judgement of the state Supreme court stating that a group of telecommunication dealers (taxpayer) had representational standing for the purpose of ...
HI - Clarification on state's conformity with federal provisions on determining property basis issued
For personal income tax purposes, the Hawaii Department of Taxation (department) issued a release clarifying that the state conforms to the federal provisions on determining the basis of property. Acc...
For personal income tax purposes, the Hawaii Department of Taxation (department) issued a release clarifying that the state conforms to the federal provisions on determining the basis of property. Acc...
ID - Filing and payment deadlines extended for victims of hurricane Laura, California wildfires, and Iowa Derecho
For taxes it administers, the Idaho State Tax Commission has announced deadline extensions to file and pay taxes for victims of Hurricane Laura, the California wildfires, and the Iowa derecho from des...
For taxes it administers, the Idaho State Tax Commission has announced deadline extensions to file and pay taxes for victims of Hurricane Laura, the California wildfires, and the Iowa derecho from des...
IL - Simplified municipal telecommunications tax rate changes announced
Effective January 1, 2021, the following Illinois municipalities are increasing or decreasing their simplified municipal telecommunications tax rates.Increase Of Municipal Telecommunications Tax RateA...
Effective January 1, 2021, the following Illinois municipalities are increasing or decreasing their simplified municipal telecommunications tax rates.Increase Of Municipal Telecommunications Tax RateA...
IA - Reminder for upcoming tax deadline issued
Iowa issued a reminder for upcoming corporate and personal income tax deadline. The reminder discusses:The third-quarter installment of tax year 2020 estimated income tax for taxpayers filing on a cal...
Iowa issued a reminder for upcoming corporate and personal income tax deadline. The reminder discusses:The third-quarter installment of tax year 2020 estimated income tax for taxpayers filing on a cal...
MD - Collection on hold until covid-19 emergency; taxpayers may receive tax liability notifications
The Office of the Maryland Comptroller (comptroller) will mail notifications to certain tax filers of unpaid tax liabilities that were due July 15 (the extended deadline from the traditional April 15 ...
The Office of the Maryland Comptroller (comptroller) will mail notifications to certain tax filers of unpaid tax liabilities that were due July 15 (the extended deadline from the traditional April 15 ...
MA - Appeal for assessment reduction denied for failure to meet burden of proof
A Massachusetts taxpayer’s request for abatement of property tax was denied by the Appellate Tax Board (Board) because the taxpayer failed to meet its burden of proving overvaluation. The taxpayer c...
A Massachusetts taxpayer’s request for abatement of property tax was denied by the Appellate Tax Board (Board) because the taxpayer failed to meet its burden of proving overvaluation. The taxpayer c...
NV - Nevada enacts tax amnesty program and temporary acceleration of net proceeds tax on minerals
New legislation requires the Nevada Department of Taxation to establish a tax amnesty program for delinquent taxpayers. It also accelerates payment of the net proceeds tax due for minerals.Tax Amnesty...
New legislation requires the Nevada Department of Taxation to establish a tax amnesty program for delinquent taxpayers. It also accelerates payment of the net proceeds tax due for minerals.Tax Amnesty...
NM - Agricultural biomass credit rules amended
The New Mexico Energy, Minerals and Natural Resources Department has amended rules governing the agricultural biomass credit against corporate and personal income taxes. The rules were amended to conf...
The New Mexico Energy, Minerals and Natural Resources Department has amended rules governing the agricultural biomass credit against corporate and personal income taxes. The rules were amended to conf...
NY - Guidance issued on electronic signatures for e-file authorizations collected by preparers
New York issued a memorandum noting that taxpayers using a tax return preparer or other electronic return originator to electronically file their return must sign and date the applicable e-file author...
New York issued a memorandum noting that taxpayers using a tax return preparer or other electronic return originator to electronically file their return must sign and date the applicable e-file author...
NC - Notice on updates to withholding tax informational returns due in 2021 issued
For personal and corporate income tax purposes, the North Carolina Department of Revenue issued a notice discussing updates to withholding tax informational returns due in 2021. The notice outlines: (...
For personal and corporate income tax purposes, the North Carolina Department of Revenue issued a notice discussing updates to withholding tax informational returns due in 2021. The notice outlines: (...
ND - Local tax change announced
North Dakota has announced an upcoming local sales and use tax rate change that is effective October 1, 2020.ThompsonThompson will impose a city sales, use, and alcohol gross receipts tax of 2%. Rele...
North Dakota has announced an upcoming local sales and use tax rate change that is effective October 1, 2020.ThompsonThompson will impose a city sales, use, and alcohol gross receipts tax of 2%. Rele...
OH - Tax levy reduction petitions could appear on November ballot
The Board of Elections did not abuse its discretion in denying a taxpayer’s protest of certain Ohio property tax levy reduction measures on the November ballot. The board received nine petitions to ...
The Board of Elections did not abuse its discretion in denying a taxpayer’s protest of certain Ohio property tax levy reduction measures on the November ballot. The board received nine petitions to ...
OR - Relief for wildfire victims discussed
The Oregon Department of Revenue (department) will provide relief to victims of Oregon wildfires and straight-line winds.For the victims of Oregon wildfires and straight-line winds, any penalty and in...
The Oregon Department of Revenue (department) will provide relief to victims of Oregon wildfires and straight-line winds.For the victims of Oregon wildfires and straight-line winds, any penalty and in...
PA - Billboard revenue a factor in valuing property
The Supreme Court of Pennsylvania held that, in relation to real property containing billboards, although a billboard’s value may not itself be considered when assessing the underlying real property...
The Supreme Court of Pennsylvania held that, in relation to real property containing billboards, although a billboard’s value may not itself be considered when assessing the underlying real property...
TN - Tax impacts on corporations' restructuring discussed
The Tennessee Department of Revenue, in a letter ruling, discussed the corporate income tax treatment of a taxpayer’s companies that were structured corporations and elected Subchapter S status for ...
The Tennessee Department of Revenue, in a letter ruling, discussed the corporate income tax treatment of a taxpayer’s companies that were structured corporations and elected Subchapter S status for ...
TX - Tax treatment of sales made by school districts and public schools discussed
Texas, in a recent publication, clarifies that school districts and public schools are exempt from paying Texas sales and use tax on taxable items they purchase. Qualified nonprofit private schools ar...
Texas, in a recent publication, clarifies that school districts and public schools are exempt from paying Texas sales and use tax on taxable items they purchase. Qualified nonprofit private schools ar...
UT - Guidance on reporting requirements of holders of unclaimed property issued
Utah has issued guidance that summarizes reporting instructions for holders of unclaimed property. The guidance discusses Utah’s 2020 unclaimed property laws concerning the reporting requirements of...
Utah has issued guidance that summarizes reporting instructions for holders of unclaimed property. The guidance discusses Utah’s 2020 unclaimed property laws concerning the reporting requirements of...
VA - Tax rate changes for central Virginia region starting October 1, 2020, announced
Effective October 1, 2020, the sales and use tax rate will increase by 0.7% in several cities and counties of Central Virginia. The increase applies to sales made in the city of Richmond and the count...
Effective October 1, 2020, the sales and use tax rate will increase by 0.7% in several cities and counties of Central Virginia. The increase applies to sales made in the city of Richmond and the count...
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