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Unemployment Compensation Refunds Continue
The IRS announced that another 1.5 million taxpayers would receive refunds averaging more than $1,600 as it continues to adjust unemployment compensation from previously filed income tax returns. The ...
The IRS announced that another 1.5 million taxpayers would receive refunds averaging more than $1,600 as it continues to adjust unemployment compensation from previously filed income tax returns. The ...
IRS Updates Accounting Methods for Credit Card Fees
The IRS updated Rev. Proc. 2013-26, 2013-22 I.R.B. 1160, to reflect amendments to Code Sec. 451(b) made by the Tax Cuts and Jobs Act (TCJA) ( P.L. 115-97) and related Reg. §§1.451-3 and 1.127...
The IRS updated Rev. Proc. 2013-26, 2013-22 I.R.B. 1160, to reflect amendments to Code Sec. 451(b) made by the Tax Cuts and Jobs Act (TCJA) ( P.L. 115-97) and related Reg. §§1.451-3 and 1.127...
Security Summit Highlights Identity Theft Risk Related to Unemployment
The IRS Security Summit partners outlined how tax professionals can assist clients who were victims of unemployment compensation fraud schemes that targeted state workforce agencies in 2020 and 2021. ...
The IRS Security Summit partners outlined how tax professionals can assist clients who were victims of unemployment compensation fraud schemes that targeted state workforce agencies in 2020 and 2021. ...
Entities Must Update EIN Information Within 60 Days of Change
The IRS urged entities with Employer Identification Numbers (EINs) to update their applications if there has been a change in the responsible party or contact information. The Service called this a ke...
The IRS urged entities with Employer Identification Numbers (EINs) to update their applications if there has been a change in the responsible party or contact information. The Service called this a ke...
Accounting Method Change Consent Procedures for Code Sec. 451 Amendments
The IRS updated automatic consent procedures for taxpayers to change their method of accounting to comply with final regulations under Reg. §§1.451-3, 1.451-8, and 1.1275-2(l); and for certain in...
The IRS updated automatic consent procedures for taxpayers to change their method of accounting to comply with final regulations under Reg. §§1.451-3, 1.451-8, and 1.1275-2(l); and for certain in...
Individual Entitled to Exclude Wages as Foreign Earned Income; Additions to Tax Not Imposed
An individual, who was employed as a contractor on a US military base in Afghanistan, was entitled to exclude wages from gross income which she earned as "foreign earned income" under Code Sec. 911...
An individual, who was employed as a contractor on a US military base in Afghanistan, was entitled to exclude wages from gross income which she earned as "foreign earned income" under Code Sec. 911...
AZ - No local rate changes effective September 1
There are no local Arizona transaction privilege tax (TPT) changes effective September 1, 2021. The TPT rate chart can be viewed at: https://azdor.gov/sites/default/files/media/TPT_RATETABLE_09012021...
There are no local Arizona transaction privilege tax (TPT) changes effective September 1, 2021. The TPT rate chart can be viewed at: https://azdor.gov/sites/default/files/media/TPT_RATETABLE_09012021...
CA - Lumber products assessments adjusted to reflect nontaxable sales
For California sales and use tax purposes, a taxpayer’s protest against California lumber products assessments (LPA) was sustained as the taxpayer established that it did not underreport its sales d...
For California sales and use tax purposes, a taxpayer’s protest against California lumber products assessments (LPA) was sustained as the taxpayer established that it did not underreport its sales d...
CO - Correction of NOV voided due to failure to satisfy statutory criteria
A self-service car wash’s (taxpayer) petition voiding the corrected notice of valuation (NOV) for real property owned by taxpayer was affirmed by the Colorado Court Of Appeals as the Jefferson count...
A self-service car wash’s (taxpayer) petition voiding the corrected notice of valuation (NOV) for real property owned by taxpayer was affirmed by the Colorado Court Of Appeals as the Jefferson count...
FL - Lease or rental of a car by a peer-to-peer car-sharing program is subject to tax
The lease or rental of a motor vehicle by a peer-to-peer car-sharing program is subject to Florida sales and use tax. Moreover, a $1 per day rental car surcharge applies to a peer-to-peer car-sharing ...
The lease or rental of a motor vehicle by a peer-to-peer car-sharing program is subject to Florida sales and use tax. Moreover, a $1 per day rental car surcharge applies to a peer-to-peer car-sharing ...
GA - Sales and use tax treatment of fundraising activities conducted by organizations exempt from federal income discussed
For sales and use tax purposes, Georgia issued a policy bulletin providing guidance to organizations exempt from federal income tax under Internal Revenue Code (IRC) 501(c)(3) ("501(c)(3) organization...
For sales and use tax purposes, Georgia issued a policy bulletin providing guidance to organizations exempt from federal income tax under Internal Revenue Code (IRC) 501(c)(3) ("501(c)(3) organization...
HI - Guidance regarding general excise tax treatment of software released
The Hawaii Department of Taxation has released guidance on the general excise tax (GET) treatment of sales of software.Types of SoftwareThe Department considers the sale of prewritten or canned softwa...
The Hawaii Department of Taxation has released guidance on the general excise tax (GET) treatment of sales of software.Types of SoftwareThe Department considers the sale of prewritten or canned softwa...
ID - Calculation of estimated tax payments using commission's website discussed
The Idaho State Tax Commission has issued a release discussing the calculation of estimated property tax payments using a calculator on the commission’s website. Taxpayers in 30 Idaho counties can e...
The Idaho State Tax Commission has issued a release discussing the calculation of estimated property tax payments using a calculator on the commission’s website. Taxpayers in 30 Idaho counties can e...
IL - Tentative white county multiplier announced for 2020
The tentative White County equalization factor (multiplier) for Illinois property tax purposes has been set for 2020 at 1.0000. The final 2019 multiplier was 1.0000. Release, Illinois Department of R...
The tentative White County equalization factor (multiplier) for Illinois property tax purposes has been set for 2020 at 1.0000. The final 2019 multiplier was 1.0000. Release, Illinois Department of R...
IA - Updated sales and use tax guidance issued
The Iowa Department of Revenue has issued updated general guidance on sales and use tax in the state. The guidance contains information such as permit requirements, tax rates, filing requirements, ref...
The Iowa Department of Revenue has issued updated general guidance on sales and use tax in the state. The guidance contains information such as permit requirements, tax rates, filing requirements, ref...
MD - Evidence for claiming refund under statute of limitation discussed
The Court of Special Appeals of Maryland (court), in a personal income tax matter, determined that in a situation where a taxpayer mails a claim for a refund, but the Comptroller of Maryland does not ...
The Court of Special Appeals of Maryland (court), in a personal income tax matter, determined that in a situation where a taxpayer mails a claim for a refund, but the Comptroller of Maryland does not ...
MA - Credit and deduction changes enacted
Massachusetts budget legislation contains numerous changes to corporate excise and personal income tax credits and deductions. The changes include:extension of the sunset date for the historic rehabi...
Massachusetts budget legislation contains numerous changes to corporate excise and personal income tax credits and deductions. The changes include:extension of the sunset date for the historic rehabi...
NV - State high court upholds decision invalidating parts of 2019 MBT legislation
The Nevada Supreme Court affirmed a district court decision that invalidated portions of a 2019 law (S.B. 551) affecting the rates of the modified business tax. The law had resulted in Nevada continui...
The Nevada Supreme Court affirmed a district court decision that invalidated portions of a 2019 law (S.B. 551) affecting the rates of the modified business tax. The law had resulted in Nevada continui...
NM - Guidance on gross receipts tax holiday revised
The New Mexico Taxation and Revenue Department has revised its publication providing information on the gross receipts tax holiday. The publication covers numerous topics, including a general summary ...
The New Mexico Taxation and Revenue Department has revised its publication providing information on the gross receipts tax holiday. The publication covers numerous topics, including a general summary ...
NY - Prepaid sales tax rate on cigarettes increased
For the period September 1, 2021, through August 31, 2022, the amount of prepaid New York State sales tax on cigarettes is:$0.94 on packs of 20 cigarettes.$1.17 on packs of 25 cigarettes.Release, New ...
For the period September 1, 2021, through August 31, 2022, the amount of prepaid New York State sales tax on cigarettes is:$0.94 on packs of 20 cigarettes.$1.17 on packs of 25 cigarettes.Release, New ...
NC - SST boundary database updated
North Carolina has updated the boundary database under the Streamlined Sales and Use Tax (SST) Agreement.Effective Date of Boundary DatabaseThe database is updated to include changes effective October...
North Carolina has updated the boundary database under the Streamlined Sales and Use Tax (SST) Agreement.Effective Date of Boundary DatabaseThe database is updated to include changes effective October...
ND - Tax incentives for businesses in 2021-22 discussed
An updated brochure was published by the North Dakota Office of Tax Commissioner describing various corporate income tax, property tax and sales and use tax incentives for businesses and notes that in...
An updated brochure was published by the North Dakota Office of Tax Commissioner describing various corporate income tax, property tax and sales and use tax incentives for businesses and notes that in...
OH - Summary judgment against taxpayers affirmed
Taxpayers were properly denied an appeal against a summary judgment, on unpaid municipal income tax, by the Ohio Court Of Appeals as there were no material facts in dispute and the record demonstrated...
Taxpayers were properly denied an appeal against a summary judgment, on unpaid municipal income tax, by the Ohio Court Of Appeals as there were no material facts in dispute and the record demonstrated...
OR - Fiscal year filing required for corporate activity tax
The Oregon corporate activity tax (CAT) is amended to:require taxpayers using a federal tax year other than the calendar year to register and file a short year tax return;exclude from commercial activ...
The Oregon corporate activity tax (CAT) is amended to:require taxpayers using a federal tax year other than the calendar year to register and file a short year tax return;exclude from commercial activ...
PA - Tax update July 2021
In its recent tax update, Pennsylvania Department of Revenue discusses:Assistance available to taxpayers at Revenue District offices, online and by phone;Upcoming PA Tax Webinars;A summary of relevant...
In its recent tax update, Pennsylvania Department of Revenue discusses:Assistance available to taxpayers at Revenue District offices, online and by phone;Upcoming PA Tax Webinars;A summary of relevant...
TN - Tennessee enacts tax holiday for food, food ingredients, and prepared food
A Tennessee sales and use tax holiday is enacted for food, food ingredients, and prepared food sold from July 30, 2021 through August 5, 2021.Food and Food Ingredients Tax HolidayA sales and use tax e...
A Tennessee sales and use tax holiday is enacted for food, food ingredients, and prepared food sold from July 30, 2021 through August 5, 2021.Food and Food Ingredients Tax HolidayA sales and use tax e...
TX - Entities engaged in joint prosecution of a transaction; subject to franchise tax
Taxpayers were properly subject to Texas franchise tax as the taxpayers failed to prove that they were not a joint venture. In this matter the taxpayers entered into an agreement to provide radiology ...
Taxpayers were properly subject to Texas franchise tax as the taxpayers failed to prove that they were not a joint venture. In this matter the taxpayers entered into an agreement to provide radiology ...
UT - Taxpayer's financial hardship not reasonable cause of penalty waiver
A minority shareholder in a partnership (taxpayer) was denied a waiver of penalties, by the Utah Tax Commission (commission), on the taxpayer’s personal income tax return as the taxpayer failed to p...
A minority shareholder in a partnership (taxpayer) was denied a waiver of penalties, by the Utah Tax Commission (commission), on the taxpayer’s personal income tax return as the taxpayer failed to p...
VA - Guidelines issued on reporting federal adjustments
Virginia issued guidelines for reporting federal tax adjustments. The release of the guidelines follows the enactment in 2020 of legislation establishing updated procedures for reporting certain adjus...
Virginia issued guidelines for reporting federal tax adjustments. The release of the guidelines follows the enactment in 2020 of legislation establishing updated procedures for reporting certain adjus...
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