Vermont ~ Sales and Use Tax: Legislation Requiring Noncollecting Vendor...
CCH Tax Day Report Legislation introduced in the Vermont Senate would require certain noncollecting vendors to file with the Department of Taxes an annual statement for each purchaser showing the total...
View ArticleVirginia ~ Personal Income Tax: Department Addresses Review of Tax Return...
CCH Tax Day Report The Virginia Department of Taxation is reminding taxpayers that they may receive a Review of Tax Return letters (AUIN073A RAP Additional Review) to verify information claimed on...
View ArticleTrump: Expect Tax Reform in 2017; Encourages ACA Repeal, Allowing Political...
CCH Tax Day Report According to President Trump, prospects for tax reform in 2017 continue to look bright. In a February 5 interview, Trump said that he believes all Americans can expect a tax cut in...
View ArticleIdaho ~ Corporate, Personal Income Taxes: IRC Conformity Bill Passes Senate
CCH Tax Day Report The Idaho Senate has passed a bill that, if enacted, would update the state’s Internal Revenue Code conformity date from January 1, 2016, to January 1, 2017, for personal and...
View ArticleMassachusetts ~ Personal Income Tax: 2017 Health Care Insurance Mandate...
CCH Tax Day Report The Massachusetts Department of Revenue has announced the penalties that are imposed through a taxpayer’s personal income tax return for individuals who fail to comply in the 2017...
View ArticleOklahoma ~ Multiple Taxes: Governor Proposes Elimination of Certain Taxes,...
CCH Tax Day Report In the 2017 State of the State Address, Oklahoma Governor Mary Fallin proposed eliminating the state sales tax on groceries, eliminating the corporate income tax, and expanding the...
View ArticleSouth Dakota ~ Multiple Taxes: References to Internal Revenue Code Updated
CCH Tax Day Report The South Dakota Gov. Dennis Daugaard has signed legislation amending the state’s bank franchise (income), property, and sales and use tax provisions to conform their federal tax law...
View ArticleVirginia ~ Corporate, Personal Income Taxes: Filing Guidance Provided for...
CCH Tax Day Report The Virginia Department of Taxation has issued a tax bulletin to address the corporate and personal income tax implications of the recently enacted conformity legislation (TAXDAY,...
View ArticleGOP Lawmakers Discuss Destination Based Cash Flow Tax; Democrats Say Tax Code...
CCH Tax Day Report GOP Lawmakers discussed their destination-based-cash-flow tax (DBCFT) proposal in Washington, D.C. on February 6 and 7. Meanwhile, Democrats in Congress have highlighted the tax...
View ArticleIRS Confirms Six-Month Extension to File for C Corporations
CCH Tax Day Report The IRS issued a statement on February 7 explaining that a new revision of the Instructions for Form 7004, updated in the last few days at IRS.gov/LatestForms, correctly reflects...
View ArticleLouisiana ~ Multiple Taxes: Governor Calls Special Legislative Session
CCH Tax Day Report Louisiana Gov. John Bel Edwards has called a special session of the Louisiana legislature that will convene on Monday, February 13, and that will conclude by Wednesday, February 22....
View ArticleMississippi ~ Multiple Taxes: Relief for Victims of Severe Storms, Tornadoes,...
CCH Tax Day Report The Mississippi Department of Revenue has announced that it will follow federal extensions granted to victims of the severe storms, tornadoes, and straight-line winds that tool place...
View ArticleNorth Dakota ~ Sales and Use Tax: Administration of Standing Rock Sioux Tribe...
CCH Tax Day Report The North Dakota Office of State Tax Commissioner has issued a memo regarding the administration of the Standing Rock Sioux Tribe’s sales and use taxes and farm machinery and alcohol...
View ArticleTexas ~ Sales and Use Tax: Providing Internet-Based Supply Chain Services Was...
CCH Tax Day Report An out-of-state company that sold subscriptions of its Internet-based supply chain and purchasing services to food service providers and manufacturers in Texas was held to be...
View ArticleWolters Kluwer Solutions Featured in Accounting Today’s Top New Products of 2017
(NEW YORK, NY, February 8, 2017) – Two solutions from Wolters Kluwer Tax & Accounting have been recognized by Accounting Today magazine in their list of top new products for 2017. Wolters Kluwer’s...
View ArticleWhistleblower Award Review Claim Voluntarily Dismissed Without Prejudice to...
An individual was allowed to voluntarily dismiss her whistleblower award review claim because the government would not suffer any prejudice by the dismissal. The government would not face duplicative...
View ArticleMaine ~ Corporate, Personal Income Taxes: Composite Return Rule Amended
Maine Revenue Services (MRS) amended its rule governing composite returns to reflect the new individual income tax rates for tax years beginning in 2016. Under the revised rule, the Maine income tax...
View ArticleRhode Island ~ Corporate Income Tax: Six-Month Extension Period Announced for...
The Rhode Island Department of Revenue (DOR) has issued a corporate income tax advisory stating that calendar-year C corporations are eligible for an automatic six-month extension for tax years...
View ArticleOMB Provides Guidance on Executive Order on Regulations; Opponents File Suit
CCH Tax Day Report President Trump’s executive order on federal regulations (commonly known as the “two-for-one” order) continues to generate questions about its effect on tax regulations (TAXDAY,...
View ArticleTax Announcement to Be Unveiled in Coming Weeks, Trump Says; Democrats...
CCH Tax Day Report President Trump said on February 9 that a tax announcement is be expected in the coming weeks. “We’re going to be announcing something I would say over the next two or three weeks...
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