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March 02, 2021

Tax Briefing(s)

American Rescue Plan Act of 2021 2020 Tax Year-In-Review Consolidated Appropriations Act, 2021 (revised)2020 Post-Election Tax Policy Update

House Ways and Means Advances COVID Relief Bill
On February 11, the House Ways and Means Committee finished marking up draft legislative text in the Fiscal 2021 budget resolution reconciliation, which contains tax law proposals based on President J...

IRS Guidance on Identity Theft Involving Unemployment Benefits
The IRS urges taxpayers who receive Forms 1099-G, Certain Government Payments, for unemployment benefits they did not actually get because of identity theft to contact their appropriate state agency f...

IRS Warns Taxpayers of “Ghost” Return Preparers
The IRS has reminded taxpayers to avoid "ghost" tax return preparers whose refusal to sign returns can cause an array of problems. Filing a valid and accurate tax return is important because the taxpa...

IRS Spotlights Online Accounts for Taxpayers
The IRS has reminded taxpayers that they can securely access their IRS account information through their individual online account.Information that taxpayers can view online includes:the amount they o...

International Mail Disruption Affects Form SSA-1099
The IRS has warned individuals who live outside of the United States and receive Social Security benefits that they may not receive Form SSA-1099, due to the temporary suspension of international mail...

AZ - No local rate changes effective February 1
There are no local Arizona transaction privilege tax (TPT) changes effective February 1, 2021. The TPT rate chart can be viewed at: https://azdor.gov/sites/default/files/media/TPT_RATETABLE_02012021....

CA - Remand to reduce assessed value did not warrant award of attorney fees
A California trial court’s postjudgment order awarding attorney fees to a taxpayer who successfully contested the property tax valuation of his property was reversed because the trial court had rema...

CO - Colorado subtraction enacted for certain decoupled cares act provisions; EITC expansion accelerated
Enacted Colorado legislation creates a deduction from corporate and personal income taxes related to the state’s decoupling with certain CARES Act provisions for:net operating losses;excess business...

FL - Motor vehicle sales tax rates by state provided
Florida provides motor vehicle sales tax rates by state as of December 16, 2020. The chart indicates, for each state, the Florida tax rate to be imposed and whether credit for a trade-in is allowed by...

GA - Interest rate announced
For 2021, the interest rate applied to Georgia tax overpayments and underpayments is 6.25% (accruing monthly). The rate was 7.75% for 2020. Policy Bulletin ADMIN-2021-01, Georgia Department of Revenu...

HI - New cash bond deposit form issued
The Hawaii Department of Taxation has announced the issuance of a new Form D-160. The form is intended to be used by taxpayers who are contesting an assessment of additional tax, but who otherwise wis...

ID - 2020 electronic filing handbook issued
The Idaho State Tax Commission has issued its 2020 business and individual e-file (MeF) handbook for taxpayers e-filing their personal and corporate income tax returns. The publication includes an Ida...

IL - Taxability of construction items used for government contract discussed
The Illinois Department of Revenue issued a general information letter discussing the applicability of sales and use tax to a construction contractor’s (taxpayer’s) purchase of equipment and mater...

IA - Small business relief grant program guidance issued
Iowa has released guidance regarding the Iowa Small Business Relief Grant Program income and franchise tax exemption. Eligible small businesses include those:employing between 2-25 employees prior to ...

MD - Information for 2020 filing season announced
The Maryland Comptroller has announced that processing of personal income tax returns for Tax Year 2020 will begin on February 12, 2021. Corporate income tax returns will be accepted beginning on Febr...

MA - 2021 exclusion amounts for commuter benefits announced
A technical information release has been issued to explain the Massachusetts personal income tax tie-in to the federal personal income tax exclusion for employer-provided parking, transit pass, and co...

NV - Guidance issued for upcoming tax amnesty program
Nevada has a tax amnesty program for businesses and individuals that will begin February 1, 2021, and end May 1, 2021.Amnesty Program DetailsThe amnesty program allows penalty and interest from Nevada...

NM - Receipts from operating correctional facilities taxable
A private prison company (taxpayer) that operated correctional facilities under agreements with New Mexico counties was liable for gross receipts tax on receipts it received from the counties for mana...

NY - Protest denied as taxpayer failed to establish change in domicile
A taxpayer was properly subject New York State and City personal income tax assessment as the taxpayer failed to establish change in domicile. In this matter, although the taxpayer contended that he w...

NC - Final agency decision on apportionable income abrogated due to amendment in applicable statute
For corporate income tax purposes, the North Carolina Department of Revenue (department) has issued an important notice regarding the abrogation of a prior final agency decision due to an amendment cl...

ND - Annual oil trigger price adjustment for 2021 announced
North Dakota has announced the annual oil trigger price adjustment for oil extraction tax purposes.Oil Trigger PriceThe oil trigger price is $89.65 for the calendar year January 1, 2021, through Decem...

OH - 2021 estimate financial institution tax due February 1
Ohio Department of Taxation reminds financial institutions tax (FIT) practitioners and taxpayers that the first estimated tax payment for the 2021 FIT tax year is due by February 1, 2021. Release, Oh...

OR - IRC conformity bills introduced
Bills were introduced in the Oregon Senate and House to update Oregon’s Internal Revenue Code (IRC) conformity date to December 31, 2020. H.B. 2457, H.B. 2577, S.B. 137, and S.B. 138, as introdu...

PA - Guidance regarding non-medical masks and face coverings issued
The Pennsylvania Department of Revenue has issued guidance regarding the taxability of non-medical masks and face coverings. Medical supplies, including medical and disposable surgical masks, are exem...

TN - Taxpayer would be considered a delivery network company provided criteria is met
A taxpayer who operates an online forum that connects sellers of certain taxable foods and beverages with potential customers would be considered a delivery network company, not required to collect an...

TX - Guidance on tax treatment of out of state wineries discussed
For corporate income tax and sales and use tax purposes, Texas published information on out-of-state wineries. An out-of-state winery can sell and ship wine directly to the state’s customers, even t...

UT - Business personal property guidance updated
Utah has updated its publication on business personal property taxes. Topics covered include definitions, assessment, valuation, taxation, appeals, and audits. Publication 20, Utah State Tax Commissi...

VA - Prototype engines qualified as exempt research and development
For Virginia sales and use tax purposes, marine prototype engines that a taxpayer designed qualified as exempt research and development because the engines were used in a one-time demonstration and co...

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