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Tax Briefing(s)

2022 Tax Year-In-Review Consolidated Appropriations Act, 2023 Inflation Reduction Act of 2022, Signed Aug. 16

IRS Reminds Taxpayers to FIle Tax Returns (FS-2023-2)
The IRS has reminded taxpayers of their tax responsibilities, including if they’re required to file a tax return. Generally, most U.S. citizens and permanent residents who work in the United St...

IRS Offers Checklist of Reminders as Taxpayers Prepare to File 2022 Tax Returns (IR-2023-17)
The IRS has offered a checklist of reminders for taxpayers as they prepare to file their 2022 tax returns. Following are some steps that will make tax preparation smoother for taxpayers in 2023:Gather...

IRS Reminds Taxpayers to Report Digital Asset-Related Income (IR-2023-12)
The IRS has reminded taxpayers that they must report all digital asset-related income when they file their 2022 federal income tax return, as they did for fiscal year 2021. The term "digital assets"�...

IRS Proposes New Service Industry Tip Compliance Agreement (SITCA) Program (Notice 2023-13)
The IRS has issued a guidance which sets forth a proposed revenue procedure that establishes the Service Industry Tip Compliance Agreement (SITCA) program, a voluntary tip reporting program offered to...

AZ - Taxpayers personally liable for company’s unpaid taxes
For Arizona sales and use tax purposes, a company’s managing member and his spouse (taxpayers) were properly liable for transaction privilege taxes (TPT) owed by the company with respect to charges ...

CA - March tax news discusses California treatment of the employment retention credit, form 568, among other topics
In its March tax news issues, the California Franchise Board discusses, among other topics, changes that affect filing 2022 tax returns and California treatment of the employment retention credit. The...

CO - Information provided on 2020 unemployment compensation exclusion
Eligible taxpayers who did not previously exclude up to $10,200 of unemployment compensation from their federal taxable income reported to Colorado on their 2020 income tax return, or who added back t...

FL - Governor proposes permanent exemption on baby supplies
In his 2023 State of the State Address, Florida Gov. Ron DeSantis proposed to provide a permanent sales and use tax exemption on all baby supplies, diapers, wipes, closed cribs, and strollers. 2023 St...

GA - New tax rate chart released for sales exempt from certain local taxes
The Georgia Department of Revenue has released a sales and use tax chart for sales exempt from certain local taxes. The rates are effective April 1, 2023. Georgia Sales and Use Tax Rates - Sales Exemp...

HI - Deadline to file personal income tax returns announced
The Hawaii Department of Taxation has issued a news release informing personal income taxpayers that the filing deadline for state income tax returns is April 20, 2023. The federal filing deadline for...

ID - Grocery credit refund discussed
Idaho taxpayers may claim sales and use tax refund on groceries, even if the taxpayers do not make enough money to file a personal income tax return. The refund is $100 for most state residents, plus ...

IL - Assessment vacated due to absence of notice of federal adjustment
The Illinois Tax Tribunal vacated a personal income tax assessment against the taxpayers because the taxpayers did not receive notice of the federal adjustment to their federal income. Generally, taxp...

IA - Guidance issued on electric fuel excise tax
The Iowa Department of Revenue has released new tax guidance regarding the electric fuel excise tax which takes effect July 1, 2023. In 2019, the Iowa legislature enacted H.F. 767 to create a new exci...

MD - List of taxable property and services issued
The Maryland Comptroller has issued a list of tangible personal property and services subject to sales and use tax. List of Tangible Personal Property and Services Subject to Sales and Use Tax, Maryla...

MA - Interest rates unchanged for second quarter of 2023
The interest rates on the underpayment and overpayment of Massachusetts taxes are unchanged for the period April 1, 2023, through June 30, 2023.The rate for overpayments is 6%.The rate for underpaymen...

NV - Film production credit regulations revised
Nevada has revised its regulations concerning transferable tax credits available for film and other qualified productions. Among other changes, the revised regulations set forth the requirements for c...

NM - Hospital not entitled to claimed deductions; refund denied
A hospital (taxpayer) was properly assessed New Mexico sales and use tax on its gross receipts because the taxpayer was not legally entitled to any deductions under the relevant statutes. In this matt...

NY - Earned income tax credit and empire state child credit partially granted
The Tax Appeals Tribunal (TAT) partially granted a married couple’s (taxpayers’) petition protesting an assessment of New York State and City personal income tax because the taxpayers were entitle...

NC - Senate passes bill to modify IRC conformity date, clarify elective PTE tax
The North Carolina Senate passed a bill that proposes to modify the IRC conformity date for determining corporate and personal income tax liability. The bill also seeks to clarify elective pass-throug...

ND - Governor's budget proposal includes tax relief
North Dakota Gov. Doug Burgum has proposed a 2023-25 budget that would eliminate the state individual income tax for three out of five taxpayers. Under the proposal, those still paying the tax would h...

OH - CAT assessment upheld because taxpayer failed to establish error
An assessment of Ohio corporate income tax against an architectural firm (taxpayer) was upheld because the taxpayer failed to provide credible evidence that the Department of Taxation (department) imp...

OR - IRC conformity bill advances
The Oregon Senate passed a bill that would update the state's income tax Internal Revenue Code conformity date to December 31, 2022. The bill now goes to the Oregon House. S.B. 141, as passed by the O...

PA - Governor calls for tax reform
In his first state budget address, Pennsylvania Gov. Josh Shapiro called for a number of tax changes. The Governor’s budget eliminates the state cell phone tax, specifically the gross receipts tax a...

TN - Updated manual released
Tennessee released an updated version of its franchise and excise tax manual. Among other changes, the updates:clarify how a taxpayer determines if it is a manufacturer eligible for the $2 billion cap...

TX - Service apportionment rule amended
The Texas Comptroller has amended the rule regarding the sourcing of revenue from services for Texas franchise tax apportionment purposes. The amended rule sources services to the location where the s...

UT - Legislature approves tax rate cut
The Utah Legislature has approved a bill that would cut the state income tax rate from 4.85% to 4.65%. The tax rate cut is one of several tax provisions in the bill. If signed by the governor, the tax...

VA - 2023 second quarter rates discussed
The Virginia interest rates for the second quarter of 2023 will be 2% higher than the corresponding federal rate and the overpayment rate for Virginia taxes will be 2% higher than the federal overpaym...

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