Iowa ~ Corporate, Personal Income Taxes: W-2 and 1099 Form Electronic Filing...
CCH Tax Day Report The Iowa Department of Revenue has amended and adopted new regulations regarding electronic filing of W-2 forms for personal income tax purposes. Iowa will now require W-2 forms to...
View ArticlePennsylvania ~ Miscellaneous Tax: Local Share Assessment Deemed Unconstitutional
CCH Tax Day Report The Pennsylvania Supreme Court held that the “local share assessment” section of the Pennsylvania Race Horse Development and Gaming Act (Gaming Act) was unconstitutional because it...
View ArticleWashington ~ Sales and Use Tax: Taxability of Beer and Wine Sales, Nexus...
CCH Tax Day Report The Washington Department of Revenue has issued a notice discussing the business and occupation (B&O) tax reporting responsibilities of beer and wine producers that sell their...
View ArticleIRS Provides Relief for Drought-Stricken Farmers, Ranchers Forced to Sell...
CCH Tax Day Report The IRS has provided a one-year extension of the replacement period for farmers and ranchers who were forced to sell livestock due to drought. Accordingly, farmers and ranchers in...
View ArticleWeekly Report from Washington, D.C.
CCH Tax Day Report Congress began an expected six-week recess on September 28 after approving a stop-gap spending measure to keep the government funded until December 9. Lawmakers are scheduled to...
View ArticleAll States ~ Corporate, Personal Income Taxes: Webinar: Multistate Income Tax...
CCH Tax Day Report Wolters Kluwer is hosting a live two-hour webinar, Multistate Income Tax and Passthrough Entities, on Tuesday, October 4, 2016, at 1 p.m. Eastern; noon Central; 11 a.m. Mountain; 10...
View ArticleCalifornia ~ Sales and Use Tax: Medical Marijuana Dispensaries Allowed to...
CCH Tax Day Report Before January 1, 2022, a person issued a seller’s permit for a place of business that is a “dispensary,” as defined in the Medical Cannabis Regulation and Safety Act, may remit...
View ArticleCalifornia ~ Property Tax: Welfare Exemption Amount Changed for Certain...
CCH Tax Day Report California property tax legislation increases the total welfare exemption amount for certain properties with some retroactive effect. In addition, the law requires welfare exemption...
View ArticleIndiana ~ Corporate Income Tax: Taxpayer Assessed as “Unitary Business”
CCH Tax Day Report For corporate income tax purposes, an Indiana taxpayer was not allowed to apportion its partnership income at the individual partnership level because its relationship with its...
View ArticleFinal Regulations Clarifying and Modifying Tests for Internal Use Computer...
CCH Tax Day Report The Treasury Department and the IRS have released final regulations governing the credit for increasing research activities with respect to computer software for internal use. The...
View ArticleConnecticut ~ Sales and Use Tax: Strategic Defense Investment Act Enacted;...
CCH Tax Day Report Connecticut Gov. Dannel P. Malloy signed the Strategic Defense Investment Act during the 2016 September Special Session, which provides financial incentives in the form of grants and...
View ArticleIndiana ~ Corporate Income Tax: Interest Addback, Throwback Sales and NOL...
CCH Tax Day Report An Indiana manufacturer’s protest against an assessment of additional corporate income tax based on an interest addback, throwback sales, and net operating losses (NOLs) was rejected...
View ArticleNew Mexico ~ Personal Income Tax: No Deduction Allowed For Not For-Profit...
CCH Tax Day Report A New Mexico administrative hearings officer upheld the Department of Taxation and Revenue’s (Department) decision to not allow the taxpayer a personal income tax deduction for...
View ArticleOregon ~ Personal Income Tax: Taxpayer’s Unreimbursed Employee Expenses...
CCH Tax Day Report An Oregon personal income taxpayer’s claim for a Schedule A deduction for unreimbursed employee expenses related to the business miles travelled from her home office was granted...
View ArticleWashington ~ Business and Occupation Tax: Resident Broker Created Substantial...
CCH Tax Day Report An out-of-state company that sold gluten-free bread to retailers and individual customers had substantial nexus with Washington for purpose of business and occupation (B&O) tax...
View ArticleFinal, Temporary and Proposed Regulations Issued on Partnership Disguised...
CCH Tax Day Report The IRS has issued final regulations under Code Sec. 707 regarding disguised sales and the allocation of excess partnership nonrecourse liabilities to a partner under Code Sec. 752;...
View ArticleAll States ~ Corporate Income Tax: MTC Executive Committee Advances Changes...
CCH Tax Day Report The Multistate Tax Commission’s (MTC’s) Executive Committee approved amendments to the MTC’s Model Allocation and Apportionment Regulations to (1) clarify the treatment of interest...
View ArticleCalifornia ~ Tobacco Tax: BOE Discusses New License Fees and Requirements
CCH Tax Day Report The California Board of Equalization (BOE) reminded taxpayers that, on June 9, 2016, the cigarette and tobacco products license application fee increased for retailers, wholesalers,...
View ArticleWays and Means GOP Cautions Treasury Against Finalizing Proposed Debt-Equity...
CCH Tax Day Report House Ways and Means Committee Republicans sent a letter dated October 5 to Treasury Secretary Jack Lew again voicing concerns about the Obama administration’s proposed Code Sec. 385...
View ArticleBoustany Introduces Bill to Extend, Expand Alternative Fuel Tax Credits
CCH Tax Day Report Rep. Charles Boustany, R-La., has introduced legislation to extend the soon-to-expire alternative fuel and alternative fuel mixture credits. The incentives, extended by the...
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