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2019 Year-End Tax Planning 2019 Post-Filing Season Update 2018 Year-End Tax Planning

IRS Releases 2020 Inflation-Adjusted Tax Tables, Other Amounts
The IRS has released the annual inflation adjustments for 2020 for over 60 tax provisions, including the income tax rate tables. The IRS issues these cost-of-living adjustments (COLAs) each year to re...

2020 Inflation Adjustments for Pension Plans, Retirement Accounts
The IRS has released the 2020 cost-of-living adjustments (COLAs) for pension plan dollar limitations, and other retirement-related provisions.Highlights of 2020 ChangesThe contribution limit for emplo...

IRS Updates Guidance on Computing Deductions for Operating a Vehicle
The IRS has released guidance that updates Rev. Proc. 2010-51, I.R.B. 2010-51, 883 to reflect changes made to Code Secs. 67 and 217 by the Tax Cuts and Jobs Act (TCJA) ( P.L. 115-97). Rev. Proc. 2010-...

Accounting Method Change Procedures Updated
The IRS has released guidance listing the specific changes in accounting method to which the automatic change procedures in Rev. Proc. 2015-13, I.R.B. 2015-5, 419, apply. This guidance updates and sup...

Proposed Updated RMD Tables Issued
The IRS has proposed updated life expectancy and distribution period tables under the required minimum distribution (RMD) rules. The proposed tables reflect the general increase in life expectancy, an...

Joint Directive on Work Opportunity Tax Credit Issued
The IRS Large Business and International Division (LB&I) and Small Business/Self-Employed Division (SBSE) have issued a joint directive to provide instructions to LB&I and SBSE examiners on th...

New LB&I Campaign on Deferred Foreign Income
The IRS Large Business and International (LB&I) has added a new active campaign to the IRS website called "IRC 965." The campaign’s goal is to promote compliance with Code Sec. 965, Treatmen...

IRS Highlights Steps For Smooth Processing of Taxpayers' 2019 Federal Tax Returns
The IRS urged taxpayers to act now to ensure the smooth processing of their 2019 federal tax return. This reminder, first in a series, was aimed to help taxpayers get ready for the upcoming tax filing...

AZ - Interest rates remains same on underpayment and overpayment for fourth quarter of 2019
The interest rates on underpayments and overpayments of Arizona taxes for the period October 1, 2019, through December 31, 2019, are unchanged from the previous quarter at 5%. The Department of Revenu...

CA - California partial exemption for zero-emission transit buses discussed
Recently enacted legislation enacted a partial California sales and use tax exemption on eligible purchases and leases of zero-emission technology transit buses by the following qualifying purchasers:...

CO - Remote seller had substantial nexus for sale of exempt products
A remote seller doing business in Colorado had substantial nexus with Colorado and had to collect and remit state sales tax.Meeting the thresholdThe remote seller manufactured and sold baked goods for...

FL - Commercial rental tax rate decrease discussed
Florida reminds taxpayers that, effective January 1, 2020, the sales tax rate on commercial rentals is decreased from 5.7% to 5.5%.Application of Tax RateThe tax rate applies to the total rent charged...

GA - Sovereign immunity had no application to current litigation
The Georgia Supreme Court partly reversed the decision of the trial court because it was found that sovereign immunity had no application to the current litigation. In this matter, City of College Par...

HI - Guidance regarding marketplace facilitators released
Hawaii has released guidance on the expanded imposition of general excise tax (GET) on sales made through marketplace facilitators under Act 2, Session Laws of Hawaii 2019 (Act 2). As previously repor...

ID - Maximum homeowner’s exemption unchanged for 2020
The Idaho State Tax Commission has announced that, based on its calculations, the maximum homeowner’s property tax exemption will remain $100,000 in 2020. The maximum exemption is also $100,000 ...

IL - Department must apply credits of overpayment to liabilities
The Illinois Department of Revenue (department) clarified that, under Illinois law, it is mandatory for the department to apply an overpayment against a corporate, personal or trust income tax liabili...

IA - Business expenses partially denied as taxpayer failed to provide documentation
Taxpayers’ protest against Iowa personal income tax refund denial for the tax year 2012 and against the issuance of a Notice of Assessment for the tax year 2013 was partially denied because the ...

MD - List of tangible personal property and services subject to tax issued
The Comptroller of Maryland has released a list of tangible personal property (TPP) and services that are subject to sales and use tax. The list may be used as a guide in determining the taxability of...

MA - Receipts from federal litigation presumed attributable to state as taxpayer commercially domiciled in state
A corporate income taxpayer’s receipts derived from federal litigation enforcing the taxpayer’s patent rights were properly attributable to State because the taxpayer was commercially domi...

NV - Clark county tax increase coming
Nevada’s most populated county, Clark County, will soon see a sales and use tax increase.Sales Tax Rate IncreaseEffective January 1, 2020, Clark County’s sales and use tax rate will be 8.3...

NM - Department's use of special trucking apportionment method erroneous
An out-of-state corporation’s protest against the New Mexico Taxation and Revenue Department’s (department’s) corporate income tax assessment was sustained because the taxpayer estab...

NY - Taxpayer's petition dismissed because tribunal did not have jurisdiction
A tobacco products distributor’s (taxpayer’s) claim for refund of New York tobacco products taxes was dismissed because the Tax Appeals Tribunal’s (tribunal’s) jurisdiction was...

NC - North Carolina standard deduction increased, holding company definition expanded
North Carolina enacted legislation that:increases the standard deduction for personal income taxpayers; andexpands the definition of "holding company" for franchise tax purposes.How Much Is ...

ND - Local taxes and tax rates discussed
The North Dakota Office of State Tax Commissioner (commissioner) has issued a guideline discussing local taxes and tax rates effective October 1, 2019. The guideline provides information on local sale...

OH - Cat nexus guidance updated
Ohio has updated its commercial activity tax nexus guidance. The guidance was updated with:an updated bright-line nexus discussion; andformatting changes.Bright-Line Nexus DiscussionThe release was up...

OR - Valuation upheld for failure to substantiate reduction claim
For Oregon property tax purposes, the tax court upheld the Department of Revenue's valuation of the property of a telecommunications company (taxpayer) because the taxpayer failed to provide evidence ...

PA - Exceptions denied as FISE regulation inconsistent with statutory law
A commercial bank’s (taxpayer’s) purchase of computer hardware, canned computer software, and related services did not qualify as "construction contract" under the amended Tax co...

TN - Sale and installation of modular cleanroom subject to tax
The sale and installation of a modular cleanroom was subject to Tennessee sales and use tax because the cleanroom remained tangible personal property (TPP) after installation. Generally, the sale and ...

TX - Reservation fee taxable as receipts from sale of amusement service
The Tax Division of the Texas Comptroller of Public Accounts (division) properly assessed sales and use tax on a reservation fee that a taxpayer charged its customers for providing an amusement servic...

UT - Employer withholding tax guide updated
For personal income tax purposes, the Utah State Tax Commission has updated its Employer Withholding Tax Guide to reflect that (1) it is a class B misdemeanor to have Utah employees without a withhold...

VA - Trial court wrongly excluded taxpayer’s appraiser’s testimony
For Virginia property tax purposes, the trial court abused its discretion when it excluded testimony from the taxpayer’s appraiser because a real estate appraiser is not required to have an acti...

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