Illinois ~ Corporate, Personal Income Taxes: Amendments to Sales Factor,...
CCH Tax Day Report The Illinois Department of Revenue is seeking comments on proposed amendments to regulations on the apportionment of business income to Illinois by nonresident corporations,...
View ArticleMassachusetts ~ Corporate Income Tax: Draft of TIR on Treatment of Offshore...
CCH Tax Day Report The Massachusetts Department of Revenue has issued a working draft of a Technical Information Release (TIR) to revise and restate TIR 98-6 that explains the application of the...
View ArticleMinnesota ~ Multiple Taxes: Governor’s Tax Proposal Includes Federal...
CCH Tax Day Report Minnesota Gov. Mark Dayton and Lt. Gov. Tina Smith have released details of their proposed 2017 tax bill, which make a number of changes to corporate franchise, personal income, and...
View ArticleTexas ~ Corporate Income Tax: Use of MTC Three-Factor Apportionment Method...
CCH Tax Day Report The Texas Comptroller of Public Accounts has issued another decision holding that a taxpayer was not permitted to use the three-factor apportionment method permitted under the...
View ArticleTaxwriting Committees Announce New Members as Tax Reform Discussions Continue
CCH Tax Day Report The taxwriting committees of the 115th Congress are taking shape as both parties fill their respective vacancies. Republican and Democratic lawmakers have filled vacant taxwriter...
View ArticleGeorgia ~ Sales and Use Tax: Eligibility for Exemption as “Manufacturer”...
CCH Tax Day Report The Georgia Department of Revenue has issued a letter ruling discussing whether a taxpayer who provided dismantling and demolition services for scrap metal met the statutory...
View ArticleMichigan ~ Insurance Tax: U.S. Supreme Court Will Not Review ERISA Preemption...
CCH Tax Day Report The U.S. Supreme Court has denied a taxpayer’s request to review a Sixth Circuit decision that affirmed a district court’s dismissal of an action asserting that Michigan’s special...
View ArticleNorth Carolina ~ Personal Income Tax: NOL Denied for Failure to Prove Racing...
CCH Tax Day Report Taxpayers were not entitled to claim net operating loss (NOL) deductions against their North Carolina personal income tax liability for automobile racing activity because the...
View ArticleOregon ~ Personal Income Tax: Deduction of Unreimbursed Business Expenses Denied
CCH Tax Day Report A married couple’s (taxpayers’) Oregon personal income tax deductions for unreimbursed employee business expenses for the tax years 2011, 2012, and 2013 were denied because they...
View ArticleVermont ~ Corporate Income Tax: New January 31 Filing Deadline Announced
CCH Tax Day Report The Vermont Department of Taxes has issued a press release informing corporate taxpayers that, beginning 2017, the due date for employers to file their annual reconciliations (Form...
View ArticleRyan Says Repeal and Replacement of ACA to be Concurrent; Democrats Question...
CCH Tax Day Report House Speaker Paul Ryan, R-Wis., said on January 10 that repeal and replacement of the Patient Protection and Affordable Care Act (ACA) (P.L. 111-148) will be concurrent. At the same...
View ArticleTaxpayer Advocate Releases 2016 Report to Congress (IR-2017-2)
CCH Tax Day Report National Taxpayer Advocate (NTA) Nina E. Olson on January 10 released the NTA 2016 Annual Report to Congress. In the report, Olson recommended that the IRS revamp its “Future State”...
View ArticleNorth Carolina ~ Sales and Use Tax: SST Documents Updated
CCH Tax Day Report The North Carolina Department of Revenue has updated information related to the Streamlined Sales and Use Tax (SST) Agreement. The taxability matrix, which defines the tax treatment...
View ArticleTexas ~ Corporate Income Tax: Costs Associated With Showing Films May be...
CCH Tax Day Report A Texas Court of Appeals has issued a substituted opinion in a case holding that a taxpayer in the movie theater business, which primarily exhibits films and other content, could...
View ArticleWashington ~ Sales and Use, Business and Occupation Taxes: Medical Marijuana...
CCH Tax Day Report A medical marijuana management company was liable for Washington sales tax and retailing business and occupation (B&O) tax on its retail sales of medical marijuana because it...
View ArticlePresident-Elect Trump Says ACA Repeal and Replacement will be Simultaneous
CCH Tax Day Report President-elect Donald Trump said on January 11 that repeal and replacement of the Affordable Care Act (ACA) (P.L. 111-148) will be simultaneous. The president-elect spoke briefly...
View ArticleBipartisan Tax Reform Discussions Focus on GOP ACA Repeal Effort
CCH Tax Day Report Republican and Democrat lawmakers in both the Senate and House have already begun introducing tax reform legislation. Some tax proposals may potentially wind up as part of the...
View ArticleColorado ~ Multiple Taxes: Nonresident Partners and Shareholders of...
CCH Tax Day Report The Colorado Department of Revenue has revised its guidelines addressing the corporate and personal income tax responsibilities of nonresident partners and shareholders of...
View ArticleNebraska ~ Property Tax: Directive Issued on Administration of Property Tax...
CCH Tax Day Report The Nebraska Department of Revenue has issued a directive in order to advise county assessors and treasurers of their responsibilities for administering the Property Tax Credit Act....
View ArticleOhio ~ Personal Income Tax, Practice and Procedure: Dividend Paid to S...
CCH Tax Day Report Individual income taxpayers who were co-owners through grantor trusts of an S corporation that was previously a C corporation, were allowed to claim an Ohio nonresident tax credit in...
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