North Carolina ~ Personal Income Tax: Third-Party Software Users May Need to...
CCH Tax Day Report The North Carolina Department of Revenue has issued an important notice regarding a calculation error caused by third-party tax preparation software and the need for some taxpayers...
View ArticleOregon ~ Corporate Income Tax: Taxpayer’s In-State Business Activities...
CCH Tax Day Report A Georgia-based wholesale tire distributor (taxpayer) who sold tires to its authorized dealer in Oregon was subject to Oregon corporate excise (income) tax for the tax years 2006...
View ArticleWashington ~ Sales and Use Tax: Subcontractor Liable on Materials Used in...
CCH Tax Day Report A subcontractor that installed concrete on several government contracting projects was liable for Washington use tax on materials, as it qualified as a consumer of those materials....
View ArticleIRS Set to Launch Private Tax Collection (IR-2017-74)
CCH Tax Day Report The IRS will begin shortly its process of notifying certain taxpayers by letter that their overdue federal tax accounts are being assigned to private debt collection agencies, IRS...
View ArticleAlabama ~ Corporate Income Tax: Combined Reporting Legislation Introduced
CCH Tax Day Report A bill has been introduced in the Alabama Senate that would require mandatory unitary combined reporting for corporate income tax under certain circumstances. If enacted, the...
View ArticleAlabama ~ Sales and Use Tax: Taxability of Purchases of Items Used to...
CCH Tax Day Report A taxpayer that manufactured chemicals at its facility was entitled to a refund of Alabama use tax it paid on materials used by a construction company it hired to fabricate and...
View ArticleMassachusetts ~ Corporate Income Tax: Mandatory Worldwide Combined Reporting...
CCH Tax Day Report Legislation has been introduced that would require members of a combined group computing Massachusetts corporate excise tax liability to determine their apportioned share of the...
View ArticleVermont ~ Multiple Taxes: Miscellaneous Tax Bill Passed by House
CCH Tax Day Report The Vermont House of Representatives has passed a miscellaneous tax bill that includes a change to the starting point for calculating Vermont personal income tax, a federal...
View ArticleKoskinen Voices Optimism About IRS Funding
CCH Tax Day Report IRS Commissioner John Koskinen expressed optimism for the Service’s funding in fiscal year (FY) 2018, saying he has had positive discussions with the new leadership at the Treasury...
View ArticleWorker Tax Information Discoverable in Worker Reclassification Case...
CCH Tax Day Report The disclosure of third-party taxpayer information needed to absolve an employer of his tax liabilities in a worker reclassification case was not barred under Code Sec. 6103....
View ArticleArkansas ~ Corporate, Personal Income Taxes: Withholding Requirements for...
CCH Tax Day Report Effective for tax years beginning on or after January 1, 2018, pass-through entities (PTEs) are required to withhold Arkansas income tax at the maximum rate (6.5%) on any nonresident...
View ArticleOhio ~ Motor Fuel Tax: Grade Crossing Device Credit Repealed; Motor Fuel Tax...
CCH Tax Day Report Ohio Gov. John Kasich has signed a bill that repeals the Financial Institutions Tax (FIT) and corporation franchise tax company credit for maintenance of active grade crossing...
View ArticleWashington ~ Sales and Use, Business and Occupation Taxes: Income from...
CCH Tax Day Report An out-of-state mutual fund investment company (taxpayer) was subject to Washington business and occupation (B&O) tax, under the service and other business activities...
View ArticleACA Repeal, Replace Efforts Continue; GOP Divide Narrowing, Ryan Says
CCH Tax Day Report House Republicans on April 6 put forth an amendment to the proposed American Health Care Act (AHCA) (HR 1628) (TAXDAY, 2017/03/07, C.1) after ongoing meetings between the White House...
View ArticleKoskinen Discusses Tax Reform, IRS Budget at Senate Finance Hearing
CCH Tax Day Report IRS Commissioner John Koskinen testified at an April 6 Senate Finance Committee (SFC) hearing scheduled to examine the 2017 filing season and IRS operations. Koskinen discussed a...
View ArticleMontana ~ Corporate Income Tax: House Passes Market-Based Sourcing Bill
CCH Tax Day Report The Montana House of Representatives has passed a bill that, if enacted, would adopt market-based sourcing for apportionment purposes under the corporate income tax, applicable to...
View ArticleNorth Carolina ~ Corporate, Personal Income Taxes: Senate Passes Market-Based...
CCH Tax Day Report The North Carolina Senate passed legislation that would require corporate income taxpayers to use market-based sourcing rules for apportioning business income to North Carolina,...
View ArticleWashington ~ Sales and Use Tax: Impact of Rate Changes on Cash-Basis...
CCH Tax Day Report In regards to Washington sales tax rate changes, cash-basis retailers should report unpaid customer billings during the last filing period before the rate change occurs. Sales tax...
View ArticleWolters Kluwer Enters Exclusive Agreement with Validis
Companies Join Forces to Launch CCH® Audit Accelerator to Help Automate the Audit Process (NEW YORK, NY, April 10, 2017) — Wolters Kluwer Tax & Accounting announced today that it has signed an...
View ArticleWeekly Report from Washington, D.C.
CCH Tax Day Report Congress is on recess. IRS Commissioner John Koskinen discussed the filing season. The Treasury Inspector General for Tax Administration (TIGTA) released new reports. White House...
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