West Virginia’s Exemption for State Retirement Plans Challenged
Taxpayers have asked the U.S. Supreme Court to review a West Virginia Supreme Court of Appeals decision finding that an income tax exemption available only to beneficiaries of certain state retirement...
View ArticleWolters Kluwer Releases CCH® SureTax® Integrations for Microsoft Dynamics 365
(NEW YORK, NY – September 26, 2017) – Wolters Kluwer Tax and Accounting announced today that its CCH SureTax sales-and-use tax platform now integrates with Microsoft Dynamics 365 for Operations, as...
View ArticleKey Tax Relief Provisions For Victims of Hurricanes Harvey, Irma and Maria...
The IRS has outlined the key tax relief provisions for victims of Hurricanes Harvey, Irma and Maria. The relief postpones various tax deadlines for individuals and businesses located in Florida,...
View ArticleComments Requested on Proposed Revision to APA Template
The IRS has requested comments on a proposed revision to the template used in drafting Advance Pricing Agreements (APAs). The template will be used for APAs requested under Rev. Proc. 2015-41, I.R.B....
View ArticleCalifornia Expands Tax Amnesty Program
California has expanded its income and franchise tax amnesty program under new legislation. The program will be open to: out-of-state partnerships with nonresident partners; and out-of-state...
View ArticleFees for Mobile Point-of-Sale Devices Taxable in Connecticut
Fees charged for premium content on mobile point-of-sale (POS) devices are subject to Connecticut sales and use tax. Customers pay the fees to get access to digital information and content. Under sales...
View ArticleWolters Kluwer Recognized for Accounting Technology Excellence in K2 Quality...
(NEW YORK, NY, September 27, 2017) — The Tax and Accounting division of Wolters Kluwer is pleased to announce that it has been recognized in the 16th annual K2 Quality Awards for excellence in the...
View ArticleTrump/GOP Leaders Unveil Tax Reform Framework
President Trump and Republican leaders in Congress unveiled a framework for tax reform on September 27. The nine-page framework broadly describes tax proposals ranging from lower rates for individuals...
View ArticleProposed Regs Update, Streamline Public Approval Requirements for Private...
Proposed regulations would update and streamline the public approval requirements for tax-exempt private activity bonds issued by state and local governments. The proposals reflects statutory changes....
View ArticleFlorida Adopts Emergency Rule for Data Center Property Exemption
Florida has adopted an emergency rule for the sales and use tax exemption for purchases of data center property. The exemption was made effective July 1, 2017. Data center property includes:...
View ArticleWisconsin Enacts LCD Screen Manufacturing Incentive
Wisconsin enacted various corporate income and sales and use tax incentives for a Foxconn Technology Group facility which will manufacture liquid crystal display (LCD) screens. The Governor’s press...
View ArticleJim McGinnis Joins Wolters Kluwer as Executive Vice President & General Manager
McGinnis Joins North American Software Business Overseeing Medium & Large Firm Segment (New York, NY, September 28, 2017) — The Tax and Accounting division of Wolters Kluwer is pleased to announce...
View ArticleHouse- and Senate-Approved Revised Disaster Tax Relief Bill Heads to White House
The House approved a revised Disaster Tax Relief and Airport and Airway Extension Bill of 2017 (HR 3823) on September 28 by a 264-to-155 vote. The measure was then sent to the Senate, where it was...
View ArticleGOP Tax Reform Framework: Timeline and Reaction
Lawmakers on Capitol Hill, tax practitioners and stakeholders continued to weigh-in on the Republican tax reform framework the day after its release on September 27 by the Trump administration and top...
View ArticleMarried Individual’s Single Return Not “Separate Return” (Camara, TC)
An individual, who erroneously claimed single filing status while married, was entitled to file joint returns. The individual’s original single return was not a “separate return” to which the...
View ArticleDelaware Grants Tax Relief for Taxpayers Affected by Hurricane Irma
The Delaware Division of Revenue announced that it will extend certain deadlines for: filing corporate and personal income tax returns, and making certain tax payments for Delaware taxpayers affected...
View ArticleIdaho Grants Tax Relief to Hurricane Maria Victims
The Idaho State Tax Commission has announced that it is extending state tax filing and payment deadlines for taxpayers in Puerto Rico and the U.S. Virgin Islands affected by Hurricane Maria. Taxpayers...
View ArticlePresident Trump Signs Disaster Tax Relief Bill into Law
President Trump on September 29 signed the Disaster Tax Relief and Airport and Airway Extension Act of 2017 (HR 3823). Congress approved the bill the day before . In a Statement of Administration...
View ArticleSenate Budget Committee Releases Budget Resolution to Enable Tax Reform
The Senate Budget Committee on September 29 unveiled its fiscal year 2018 budget resolution (BR). The Republican BR will serve as the legislative vehicle to pass tax reform legislation with only a...
View ArticleGOP’s 2017 Tax Reform Framework, Special Tax Briefing Now Available
The Trump administration and congressional GOP leadership have unveiled a tax reform outline, the “Unified Framework for Fixing Our Broken Tax Code.” Wolters Kluwer’s latest Tax Briefing “GOP’s 2017...
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