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

Some Individuals Get 2018 Estimated Tax Penalty Waiver
The IRS announced that it is waiving the estimated tax penalty in certain circumstances. The waiver applies to certain individual taxpayers whose 2018 estimated tax payments did not meet the penalty&r...

IRS Will Process Tax Returns, Refunds Despite Government Shutdown
The IRS has announced that it will begin processing tax returns on January 28, 2019, despite the partial federal government shutdown. Taxpayer refunds will also be processed as scheduled."We are commi...

IRS Updates 2019 Tax Filing Season Shutdown Plan
The IRS released its much anticipated revised Fiscal Year (FY) 2019 Lapsed Appropriations Contingency Plan on January 15. The IRS’s updated plan for agency operations during the 2019 t...

IRS Reopens Backlogged Income Verification Service
The IRS has reopened its Income Verification Express Service (IVES) program during the partial federal government shutdown. IVES is a user fee-based program that enables mortgage lenders and others wi...

Proposed Regs Provided for Code Sec. 163(j) Limit
The IRS has proposed regulations on the limitation on the business interest expense deduction under Code Sec. 163(j), as amended by the Tax Cuts and Jobs Act (TCJA) ( P.L. 115-97). The IRS also has is...

Brady Introduces Revised Tax, IRS Reform Package
The House’s top Republican tax writer has introduced a revised tax and IRS oversight package. The “tweaked” 253-page package addresses retirement savings, disaster relief, IRS reform...

New Tax Reform-Related Regs May Appear Soon
A top Senate tax writer has said additional proposed regulations for the new tax code are expected to be released soon. Treasury Secretary Steven Mnuchin provided Republican senators with an update on...

Tax Court Adopts Amended, New Practice Rules
The Tax Court adopted amendments to its electronic filing and paying rule. The adopted rules cover petitions and other documents that are currently not filed electronically. These rules were first pro...

Senate Confirms Key Tax Reform Architect for Top Treasury Role
A key figure in shaping last year’s tax reform has been confirmed as the Treasury’s second-highest ranking official. The Senate confirmed Justin Muzinich as deputy Treasury secretary on De...

TIGTA Presents Semiannual Report to Congress
The Treasury Inspector General for Tax Administration (TIGTA) has released its semiannual report to Congress, highlighting its audits, investigations, inspections and evaluations. The report includes ...

Proposed Regulations Intend to Reduce FATCA Withholding Compliance Burden
Proposed regulations address and intend to reduce taxpayer burden in complying with certain withholding requirements under the Foreign Account Tax Compliance Act (FATCA), Chapter 4 ( Code Secs. 1471 -...

Regulations to be Issued on Controlled Foreign Corporations’ Previously Taxed Earnings and Profits
The IRS and the Treasury intend to provide regulations that will address issues affecting foreign corporations with previously taxed earnings and profits (PTEP). The regulations are in response to cha...

IRS Extends Filing Deadlines, Penalty Relief for Health Insurance Forms
Insurers, self-insuring employers, other coverage providers, and applicable large employers now have until March 4, 2019, to provide individuals with Forms 1095-B, Health Coverage, or Forms 1095-C, Em...

Eligibility for Allocation of Deduction for Energy Efficient Commercial Building Property Clarified
The IRS has issued a memo that sets forth guidelines for determining various factual scenarios such as whether a taxpayer may qualify as a designer of energy efficient commercial building property und...

AZ - Governor vetoes tax conformity bill
Arizona Gov. Doug Ducey has vetoed a bill that would have:updated Arizona’s conformity to the Internal Revenue Code (IRC) for income tax purposes; andcut individual income tax rates to offset th...

CA - Tax news discusses filing of form FTB 3840, application periods for California competes tax credit and other matters
In its January 2019 issue of tax news, the California Franchise Tax Board (FTB) provides information on a variety of corporation franchise and income and personal income tax issues, including the foll...

CO - Governor proposes income tax reduction, vendor fee cap
Colorado Gov. Jared Polis has proposed amending the state’s tax code in order to reduce income tax rates for families and small business. The proposal came in the governor’s State of ...

FL - Florida governor proposes two tax holidays and reduction in millage rate
Florida Gov. Ron DeSantis has proposed the following in his 2019-2020 budget:a three-day back to school sales tax holiday on clothing up to $60, school supplies up to $15, and the first $1,000 on comp...

GA - Georgia bill would lower economic nexus threshold
Introduced Georgia sales tax legislation would lower the monetary economic nexus threshold and eliminate the notice and reporting election.Potential Threshold ChangeCurrently, a "dealer" req...

HI - Filing tips for taxpayers issued
The Hawaii Department of Taxation (department) issued a news release informing personal income taxpayers that the tax filing season has begun and the deadline to file and pay 2018 income taxes is Apri...

ID - Idaho updates internal revenue conformity date
Idaho Gov. Brad Little has signed legislation updating the state’s Internal Revenue Code conformity date from January 1, 2018, to January 1, 2019. The update applies to personal and corporate in...

IL - Illinois supreme court upholds nonprofit hospital exemption
The Illinois Supreme Court upheld the constitutionality of the state’s property tax exemption for nonprofit hospitals. Lower courts also concluded that the exemption was constitutional.Backgroun...

IA - Iowa sales tax on information technology services examined
The Director of the Iowa Department of Revenue issued a declaratory order regarding potential sales tax implications for virtual computing environments and electronic storage services. Amazon Web Serv...

MD - Maryland governor proposes various tax cuts, business incentives
In his 2019 State of the State address, Maryland Gov. Larry Hogan outlined several proposals for corporate and personal income tax relief, including:tax cuts for retirees;incentives for businesses to ...

MA - Massachusetts releases draft guidance on international TCJA provisions
Massachusetts released draft guidance on its treatment of selected international provisions in the Tax Cuts and Jobs Act (TCJA). The guidance applies to:corporate excise taxpayers; andpersonal income ...

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 - Washington residents were properly denied special needs adopted child credit
Two Washington residents were not entitled to the New Mexico special needs adopted child tax credit against their personal income tax liabilities as the taxpayers were not involved in income-generatin...

NY - Taxpayer not entitled to innocent spouse relief
A New York State personal income taxpayer was not entitled to the innocent spouse tax relief as she failed to establish that she had no knowledge that the returns at issue contained substantial unders...

NC - Corporate income, franchise, and insurance tax bulletin published
The North Carolina Department of Revenue has published a corporate income, franchise, and insurance tax bulletin reflecting the changes made in the 2018 regular session of the North Carolina General A...

ND - North Dakota senate passes bill to impose sales and use tax duties on marketplace facilitators
The North Dakota Senate passed a bill that would impose sales and use tax duties on marketplace facilitators. S.B. 2338, as passed by the North Dakota Senate on February 1, 2019...

OH - Georgia wholesaler subject to commercial activity tax
A Georgia based wholesaler of lawn and garden products did have nexus with Ohio and had to pay the commercial activity tax (CAT).What was the Taxpayer’s Business?The taxpayer received revenue fr...

OR - New OR-W-4 form to estimate paycheck withholding discussed
The Oregon Department of Revenue issued a press release urging personal income taxpayers to perform a paycheck checkup to ensure they are withholding enough from their wages. Failure to withhold appro...

PA - New online system mypath launched
The Pennsylvania Department of Revenue has issued a release informing the launch of a new, easy-to-use online system myPATH, which stands for My Pennsylvania Tax Hub. myPATH is an intuitive online sys...

TN - Failure to exhaust administrative remedies barred judicial review
The Tennessee Court of Appeals (Court) upheld the trial court's decision dismissing a taxpayer’s complaint alleging an improper assessment of property tax due to reclassification of the property...

TX - Protest denied for taxpayer’s failure to provide adequate records and documentation
A nightclub operator’s (taxpayer’s) protest against the assessment of Texas sexually oriented business fee (SOBF) was denied because the taxpayer failed to provide adequate records and doc...

UT - Utah governor proposes sales tax rate cut and broader tax base
Utah Gov. Gary Herbert has proposed:slashing the state sales tax rate from 4.85% to 1.75%; andbroadening the sales tax base, including taxing services.The proposal came in the governor’s 2019 St...

VA - Taxpayers not entitled to low-income credit
For personal income tax purposes, part-year Virginia residents (taxpayers) were not entitled to the low-income individual credit. Generally, income earned outside the period of Virginia residency is i...

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