Virginia ~ Multiple Taxes: Amnesty Program Enacted and Guidance Issued
CCH Tax Day Report The Virginia Tax Amnesty Program is enacted again within the 2016-2018 budget bill and will be administered by the Department of Taxation during the 2017-2018 fiscal year for not...
View ArticleWashington ~ Sales and Use, Business and Occupation Taxes: Pet Adoption Fees...
CCH Tax Day Report Applicable retroactively to July 1, 2015, pet adoption fees paid to animal rescue organizations are exempt from Washington sales tax. Such income is instead subject the service and...
View ArticleWays and Means Holds Full Committee Hearing on Tax Reform
CCH Tax Day Report The House Ways and Means Committee held a full committee hearing on tax reform on May 18. A panel of five business leaders testified before the committee, each offering their view on...
View ArticleTax Court Had Jurisdiction over Misaddressed Determination Notice (First Rock...
CCH Tax Day Report The Tax Court had jurisdiction over a child care center’s petition for review of a Collection Due Process (CDP) determination. The Notice of Federal Tax Lien (NFTL) contained the...
View ArticleFull Value of Assets Transferred to Partnership Included in Gross Estate...
CCH Tax Day Report In a court-reviewed opinion, the Tax Court found that the full value of assets transferred to a limited partnership (LP) was includible in a decedent’s gross estate. One week prior...
View ArticleAlaska ~ Multiple Taxes: Special Session Called to Consider Tax Bills, Other...
CCH Tax Day Report Alaska Gov. Bill Walker has called a special session of the state Legislature to consider, along with several appropriations measures, legislation to increase motor fuel taxes, to...
View ArticleMontana ~ Corporate Income Tax: New Sample Client Letter on Market-Based...
CCH Tax Day Report Montana recently enacted market-based sourcing for corporate income tax apportionment purposes for tax years beginning after December 31, 2017. A sample client letter has been...
View ArticleMontana ~ Personal Income Tax: Subtraction Enacted for Business Deductions...
CCH Tax Day Report A Montana personal income tax deduction has been enacted for taxpayers who, in determining federal adjusted gross income, reduced their business deductions because a federal tax...
View ArticleNew York ~ Corporate, Personal Income Taxes: New Sample Client Letter on...
CCH Tax Day Report New York recently enacted several income tax changes in the 2017 budget bill. A sample client letter has been created that assists practitioners in informing clients about the new...
View ArticleOregon ~ Multiple Taxes: Provisions Regarding Assessment of Tax Following...
CCH Tax Day Report Oregon has enacted legislation regarding assessment of tax when less than the full amount is paid. Applicable to returns file on or after January 1, 2018, if a taxpayer files a...
View ArticleOlson Testifies Before Ways and Means Oversight Subcommittee
CCH Tax Day Report National Taxpayer Advocate Nina E. Olson on May 19 testified before the House Ways and Means Oversight Subcommittee about reforming the IRS to better serve taxpayers. The hearing,...
View ArticlePenalty for Failure to Report Listed Transaction Was Timely (May, CA-9)
CCH Tax Day Report A listed transaction penalty was not time barred because the assessment occurred more than one year after the examining agent came into possession of enough information to justify...
View ArticleLouisiana ~ Sales and Use Tax: 2017 Hurricane Preparedness Tax Holiday...
CCH Tax Day Report A bulletin provides guidance on the Louisiana state sales tax holiday for purchases of hurricane preparedness items, which is scheduled to begin at 12:01 a.m. on Saturday, May 27,...
View ArticleNew York ~ Property Tax: Grievance Day Reminder for Assessments Issued
CCH Tax Day Report The New York State Department of Taxation and Finance has issued a notice reminding all property owners (homeowners and businesses) to review their tax assessments as the deadline to...
View ArticleOregon ~ Corporate Income Tax: MTC Definition of “Apportionable Income” Adopted
CCH Tax Day Report Oregon has enacted legislation that for purposes of corporate excise (income) tax apportionment replaces the term “business income” with “apportionable income” in order to align...
View ArticleOregon ~ Corporate Income Tax: Changes Regarding Determination of...
CCH Tax Day Report The Oregon House of Representatives has passed a bill that would, if enacted, amend the determination of whether two or more corporate affiliates that are included in the same...
View ArticleVirginia ~ Personal Income Tax: Department Addresses New Electronic Payment...
CCH Tax Day Report The Virginia Department of Taxation has announced that they have sent letters to taxpayers who may be impacted by the recently enacted electronic payment requirement for certain...
View ArticleJoint Committee Reviews Border Adjustment Tax Proposal
CCH Tax Day Report In advance of a May 23 House Ways and Means hearing on tax reform and a proposed border adjustment tax, the Joint Committee on Taxation has prepared a report. The report presents an...
View ArticleMichigan ~ Corporate Income Tax: U.S. Supreme Court Declines to Review...
CCH Tax Day Report The U.S. Supreme Court has denied requests from a number of taxpayers to review Michigan appellate court decisions that rejected challenges to the retroactive repeal of the...
View ArticleNew Hampshire ~ Property Tax: Destruction of Property by Fire Constituted...
CCH Tax Day Report New Hampshire taxpayers were entitled to a property tax abatement on their fire-ravaged property because the taxpayers were not statutorily precluded from applying for an abatement...
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