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Tax Briefing(s)

2018 Post-Filing Season Update Congress Approves Sweeping Tax Overhaul Tax Cuts and Jobs Act

Exempt Organizations May Not Need to Include Donor Information on Returns
Tax-exempt organizations, other than charities exempt under Code Sec. 501(c)(3), will soon be able to stop reporting the names and addresses of contributors on Schedule B when filing their inform...

IRS Unveils Draft Form 1040
Taxpayers will be able to file federal income taxes starting next filing season on a new postcard-sized Form 1040. The IRS officially released the draft 2018 Form 1040 on June 29.Draft Form 1040The ne...

Preparer Due Diligence Rules Include Head of Household Eligibility
The IRS has proposed amendments to the tax preparer due diligence regulations to reflect a recent law change. The Tax Cuts and Jobs Act ( P.L. 115-97) expanded the scope of the due diligence pena...

IRS Clarifies Estate and Trust Expenses Not Subject to Miscellaneous Itemized Deduction Suspension
The Treasury Department and the IRS plan to issue regulations clarifying that certain estate and nongrantor trust expenses remain deductible and are not subject to the miscellaneous itemized deduction...

Veterans Urged to Claim Refund for Tax Overpayments on Disability Severance Payments
The IRS has urged certain veterans who received disability severance payments after January 17, 1991, and included that payment as income that they should file Form 1040X, Amended U.S. Individual Inco...

IRS Highlights “Security Six” Safeguards
The IRS, along with Security Summit partners, offered important tips dubbed "Security Six"protections to help tax professionals protect their computers and email as well as safeguard sensitive ta...

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 ...

CA - Class certification to LLCs seeking refund of unconstitutional levy granted
For corporate income tax purposes, the California Court of Appeal (court) reversed a trial court’s denial of limited liability companies’ (LLCs’) motion for class certification with ...

CO - Day care center not entitled for exemption
The Colorado Court of Appeals (court) affirmed the Board of Assessment Appeals’ (Board) denial of a property tax exemption for a day care center because the center did not charge for its service...

FL - Publication on internal revenue code and tax credit changes issued
The Florida Department of Revenue has issued a tax information publication discussing the corporate income tax adoption of the Internal Revenue Code (IRC) and tax credit changes. The publication discu...

GA - State tax on jet fuel suspended August 1
Georgia Gov. Nathan Deal signed an executive order impacting the collection of the state sales and use tax on jet fuel.State Tax on Jet FuelEffective August 1, 2018, the collection of the state’...

HI - 2018 standard mileage rates announced
The 2018 standard mileage rates for Hawaii income tax deductions for using vehicles for designated purposes are:business—54.5 cents per mile;medical or moving—18 cents per mile; andcharita...

ID - Taxpayers urged to check if correct amount of tax is withheld
The Idaho Tax Commission has issued a news release urging personal income taxpayers to review their federal Form W-4 to see if they have the right amount of federal and state income taxes withheld fro...

IL - Business income tax forms and instructions for 2017 updated due to retroactive extension of hospital credit
The Illinois Department of Revenue has issued a press release informing corporate income taxpayers that, due to the retroactive extension of the Hospital Credit, the instructions for the 2017 Business...

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...

MD - Maryland issues wayfair guidance
Maryland issued guidance for online sellers after the recent decision in South Dakota v. Wayfair, Inc., U.S. Supreme Court, Dkt. No. 17-494, June 21, 2018. Wayfair struck down the requi...

MA - Abatement denied for failure to prove over-assessment
The Massachusetts Board of Assessors’ decision denying a taxpayer’s request to abate property taxes on certain real estate property consisting of a contemporary-style dwelling was upheld b...

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...

NM - Coating service charges subject to tax due to failure to possess valid NTTCs
A taxpayer’s charges for providing coating services on behalf of an engineering equipment manufacturer (client) were subject to New Mexico gross receipts (sales) tax because the taxpayer did not...

NY - Lessee’s payments to escrow account were eligible for credit
A lessee’s payments to an escrow account constituted eligible real property taxes under New York’s qualified empire zone enterprise credit.Direct Payment RequirementThe law provides that t...

NC - North Carolina changes intangible property sourcing rules
North Carolina legislation changes the rules for sourcing a corporate income taxpayer’s receipts from intangible property.What Are the Sourcing Rules for Intangible Property?The legislation adop...

ND - North Dakota in compliance with terms of streamlined sales and use tax agreement
The North Dakota Office of State Tax Commissioner has certified that North Dakota is in substantial compliance with the terms of the Streamlined Sales and Use Tax Agreement as of August 1, 2018. Furth...

OH - Manufacturer’s natural gas used for heating was taxable
An aluminum trailer manufacturer was not entitled to an Ohio use tax exemption on natural gas used to heat its buildings.Environmental Regulation ExceptionOhio law permits an exception to the taxation...

OR - Online college opportunity grant tax credit auction announced
For corporate and personal income tax purposes, the Oregon Department of Revenue has issued a press release announcing that it will be holding an online College Opportunity Grant Tax Credit auction wi...

PA - Nun pro tunc appeal properly dismissed
A taxpayer’s request for a nunc pro tunc appeal of Pennsylvania property tax assessment was properly denied because the seller did not rely upon the county’s misclassification of the prope...

TN - Appeal dismissed for lack of jurisdiction
For Tennessee property tax purposes, the Court of Appeals dismissed the taxpayer's lienholders appeal from the trial court’s order for lack of jurisdiction because the trial court's order was no...

TX - Outsourced-IT related services taxable because they were part of in-state hardware/software sales
A taxpayer’s outsourced IT-related services were subject to Texas sales tax to the extent they were performed at its client locations in Texas, because the taxpayer provided these services in co...

UT - Utah enacts economic nexus provisions
Enacted Utah legislation imposes economic nexus and expands certain sales and use tax exemptions.Economic NexusA seller not otherwise obligated to pay or collect and remit sales and use tax is so obli...

VA - Contractor’s purchase of communication equipment and materials to be transferred to government exempt
A government contractor’s (taxpayer’s) purchase of communications equipment and materials to be installed on a naval vessel under a federal government contract was exempt from Virginia sal...

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