Tax Alerts
Tax Briefing(s)
2019 Tax Year in ReviewConsolidated Appropriations Act, 20202019 Year-End Tax Planning2019 Post-Filing Season Update
2020 Standard Mileage Rates Released
The IRS has released the optional standard mileage rates for 2020. Most taxpayers may use these rates to compute deductible costs of operating vehicles for business, medical, and charitable purposes.2...
The IRS has released the optional standard mileage rates for 2020. Most taxpayers may use these rates to compute deductible costs of operating vehicles for business, medical, and charitable purposes.2...
Closed School Student Loan Relief Extended
The IRS has established a safe harbor that extends relief to certain taxpayers who took out federal or private student loans to finance attendance at certain nonprofit or for-profit schools. Under the...
The IRS has established a safe harbor that extends relief to certain taxpayers who took out federal or private student loans to finance attendance at certain nonprofit or for-profit schools. Under the...
Interim Guidance on 2020 Withholding from Retirement and Annuity Distributions
The IRS has issued interim guidance for the 2020 calendar year on income tax withholding from periodic payments for pensions, annuities, and certain other deferred income under Code Sec. 3405(a)....
The IRS has issued interim guidance for the 2020 calendar year on income tax withholding from periodic payments for pensions, annuities, and certain other deferred income under Code Sec. 3405(a)....
IRS Launches Assistant to Help Small Businesses Withhold Tax
The IRS has launched a new online assistant designed to help employers, especially small businesses, easily determine the right amount of federal income tax to withhold from their workers’ pay. ...
The IRS has launched a new online assistant designed to help employers, especially small businesses, easily determine the right amount of federal income tax to withhold from their workers’ pay. ...
IRS Launches Gig Economy Tax Center
The IRS has announced the launch of the new Gig Economy Tax Center on its website, to help individuals in this growing area meet their tax obligations through more streamlined information. I...
The IRS has announced the launch of the new Gig Economy Tax Center on its website, to help individuals in this growing area meet their tax obligations through more streamlined information. I...
IRS Provides Procedures to Claim Fuel Credits
The IRS has provided a process for eligible taxpayers to make a one-time claim for the credits and payments allowed under Code Secs. 6426(c), 6426(d) and 6427(e) for biodiesel...
The IRS has provided a process for eligible taxpayers to make a one-time claim for the credits and payments allowed under Code Secs. 6426(c), 6426(d) and 6427(e) for biodiesel...
IRS to Return Sequestered Funds Affected by OMB Determination
The IRS will return sequestered funds to businesses that were affected by a recent Office of Management and Budget (OMB) determination regarding the Balanced Budget and Emergency Deficit Control Act o...
The IRS will return sequestered funds to businesses that were affected by a recent Office of Management and Budget (OMB) determination regarding the Balanced Budget and Emergency Deficit Control Act o...
IRS to Consider Repatriation Double Taxation Relief
The IRS has announced that it has become aware of limited circumstances in which it may be appropriate to provide relief from double taxation resulting from the application of the repatriation tax und...
The IRS has announced that it has become aware of limited circumstances in which it may be appropriate to provide relief from double taxation resulting from the application of the repatriation tax und...
IRS Updates Rules on Using Per Diem Rates to Substantiate Expenses Incurred Away from Home
The IRS has updated Rev. Proc. 2011-47 to reflect changes made by the Tax Cuts and Jobs Act (TCJA) ( P.L. 115-97).The guidance provides the rules for determining the amount of an employee's ordinary a...
The IRS has updated Rev. Proc. 2011-47 to reflect changes made by the Tax Cuts and Jobs Act (TCJA) ( P.L. 115-97).The guidance provides the rules for determining the amount of an employee's ordinary a...
Electronic Filing Now Required for Requesting Unused Low-Income Housing Credit Carryover
The IRS has released guidance to qualified states regarding how to request an allocation of unused housing credit carryover under Code Sec. 42(h)(3)(D)(iii). The new guidance requires allocation reque...
The IRS has released guidance to qualified states regarding how to request an allocation of unused housing credit carryover under Code Sec. 42(h)(3)(D)(iii). The new guidance requires allocation reque...
IRS Extends Certain Deadlines, Penalty Relief for Health Coverage Forms
Health insurance providers (including employers and health insurance companies) now have until March 2, 2020, to furnish to individuals Form 1095-B, Health Coverage, and Form 1095-C, Employer-Provided...
Health insurance providers (including employers and health insurance companies) now have until March 2, 2020, to furnish to individuals Form 1095-B, Health Coverage, and Form 1095-C, Employer-Provided...
Interim Amendments for Hardship Distributions Clarified and Deadline Extended
The IRS has clarified which amendments are integral to a plan provision that fails to satisfy the qualification requirements by reason of a change made by the final hardship distribution regulations. ...
The IRS has clarified which amendments are integral to a plan provision that fails to satisfy the qualification requirements by reason of a change made by the final hardship distribution regulations. ...
2019 Required Amendments List for Employee Plans
The IRS has issued its 2019 Required Amendments List (2019 RA List) for individually designed employee retirement plans. Beginning with the 2019 list, all RA Lists will apply to both Code Sec. 401(a) ...
The IRS has issued its 2019 Required Amendments List (2019 RA List) for individually designed employee retirement plans. Beginning with the 2019 list, all RA Lists will apply to both Code Sec. 401(a) ...
Date Extended for Applying Foreign Branch Rules
A one-year extension has been granted for applying the Code Sec. 987 final regulations, and certain related final and temporary regulations covering foreign branch transactions of U.S. corporations. T...
A one-year extension has been granted for applying the Code Sec. 987 final regulations, and certain related final and temporary regulations covering foreign branch transactions of U.S. corporations. T...
Guidance Updated for Making Adequate Disclosure
The IRS has updated its guidance that identifies circumstances under which a disclosure on a taxpayer’s income tax return with respect to an item or position is "adequate" for reducing the under...
The IRS has updated its guidance that identifies circumstances under which a disclosure on a taxpayer’s income tax return with respect to an item or position is "adequate" for reducing the under...
IRS Releases 2020 Inflation-Adjusted Tax Tables, Other Amounts
The IRS has released the annual inflation adjustments for 2020 for over 60 tax provisions, including the income tax rate tables. The IRS issues these cost-of-living adjustments (COLAs) each year to re...
The IRS has released the annual inflation adjustments for 2020 for over 60 tax provisions, including the income tax rate tables. The IRS issues these cost-of-living adjustments (COLAs) each year to re...
2020 Inflation Adjustments for Pension Plans, Retirement Accounts
The IRS has released the 2020 cost-of-living adjustments (COLAs) for pension plan dollar limitations, and other retirement-related provisions.Highlights of 2020 ChangesThe contribution limit for emplo...
The IRS has released the 2020 cost-of-living adjustments (COLAs) for pension plan dollar limitations, and other retirement-related provisions.Highlights of 2020 ChangesThe contribution limit for emplo...
IRS Updates Guidance on Computing Deductions for Operating a Vehicle
The IRS has released guidance that updates Rev. Proc. 2010-51, I.R.B. 2010-51, 883 to reflect changes made to Code Secs. 67 and 217 by the Tax Cuts and Jobs Act (TCJA) ( P.L. 115-97). Rev. Proc. 2010-...
The IRS has released guidance that updates Rev. Proc. 2010-51, I.R.B. 2010-51, 883 to reflect changes made to Code Secs. 67 and 217 by the Tax Cuts and Jobs Act (TCJA) ( P.L. 115-97). Rev. Proc. 2010-...
Accounting Method Change Procedures Updated
The IRS has released guidance listing the specific changes in accounting method to which the automatic change procedures in Rev. Proc. 2015-13, I.R.B. 2015-5, 419, apply. This guidance updates and sup...
The IRS has released guidance listing the specific changes in accounting method to which the automatic change procedures in Rev. Proc. 2015-13, I.R.B. 2015-5, 419, apply. This guidance updates and sup...
Proposed Updated RMD Tables Issued
The IRS has proposed updated life expectancy and distribution period tables under the required minimum distribution (RMD) rules. The proposed tables reflect the general increase in life expectancy, an...
The IRS has proposed updated life expectancy and distribution period tables under the required minimum distribution (RMD) rules. The proposed tables reflect the general increase in life expectancy, an...
Joint Directive on Work Opportunity Tax Credit Issued
The IRS Large Business and International Division (LB&I) and Small Business/Self-Employed Division (SBSE) have issued a joint directive to provide instructions to LB&I and SBSE examiners on th...
The IRS Large Business and International Division (LB&I) and Small Business/Self-Employed Division (SBSE) have issued a joint directive to provide instructions to LB&I and SBSE examiners on th...
New LB&I Campaign on Deferred Foreign Income
The IRS Large Business and International (LB&I) has added a new active campaign to the IRS website called "IRC 965." The campaign’s goal is to promote compliance with Code Sec. 965, Treatmen...
The IRS Large Business and International (LB&I) has added a new active campaign to the IRS website called "IRC 965." The campaign’s goal is to promote compliance with Code Sec. 965, Treatmen...
IRS Highlights Steps For Smooth Processing of Taxpayers' 2019 Federal Tax Returns
The IRS urged taxpayers to act now to ensure the smooth processing of their 2019 federal tax return. This reminder, first in a series, was aimed to help taxpayers get ready for the upcoming tax filing...
The IRS urged taxpayers to act now to ensure the smooth processing of their 2019 federal tax return. This reminder, first in a series, was aimed to help taxpayers get ready for the upcoming tax filing...
AL - Updated chart shows local participation in 2020 severe weather preparedness tax holiday
The chart listing the counties and municipalities that will participate in Alabama’s severe weather preparedness sales tax holiday has been updated again. The holiday is being held from February...
The chart listing the counties and municipalities that will participate in Alabama’s severe weather preparedness sales tax holiday has been updated again. The holiday is being held from February...
AZ - No local rate changes for February
Arizona does not have any local transaction privilege tax (TPT) changes for February 2020. The TPT rate chart can be viewed at: https://azdor.gov/sites/default/files/media/TPT_RATETABLE_022020.pd...
Arizona does not have any local transaction privilege tax (TPT) changes for February 2020. The TPT rate chart can be viewed at: https://azdor.gov/sites/default/files/media/TPT_RATETABLE_022020.pd...
AR - Taxpayer properly liable for assessment as state resident
A taxpayer was properly subject to Arkansas personal income tax as a state resident for the 2017 tax year because he lived in the state for more than six months during the tax year at issue. In this m...
A taxpayer was properly subject to Arkansas personal income tax as a state resident for the 2017 tax year because he lived in the state for more than six months during the tax year at issue. In this m...
CA - Petition for reassessment partly granted
For California property tax purposes, the State Board of Equalization granted in part the telecommunications company’s petition for reassessment reducing the 2019 Board-adopted unitary value. Th...
For California property tax purposes, the State Board of Equalization granted in part the telecommunications company’s petition for reassessment reducing the 2019 Board-adopted unitary value. Th...
CO - Updated corporate income tax guideline issued
The Colorado Department of Revenue has issued a revised corporate income tax guide on the imposition of state income taxes on C corporations. The guide, among other information, discusses: (1) criteri...
The Colorado Department of Revenue has issued a revised corporate income tax guide on the imposition of state income taxes on C corporations. The guide, among other information, discusses: (1) criteri...
DC - 2019 personal income tax filing season begins January 27, 2020
The District of Columbia Office of Tax and Revenue (OTR) announced today that it will begin to process tax year 2019 personal income tax returns, filed electronically or by paper submission, on Monday...
The District of Columbia Office of Tax and Revenue (OTR) announced today that it will begin to process tax year 2019 personal income tax returns, filed electronically or by paper submission, on Monday...
FL - Gilchrist county increases its tourist development tax rate
Effective February 1, 2020, the Florida tourist development tax rate on transient rental transactions in Gilchrist County is increased from 2% to 3%.Combined Tax RateAs of that date, the combined tax ...
Effective February 1, 2020, the Florida tourist development tax rate on transient rental transactions in Gilchrist County is increased from 2% to 3%.Combined Tax RateAs of that date, the combined tax ...
GA - Georgia enacts marketplace economic nexus provisions
Georgia enacted sales tax economic nexus provisions concerning marketplace facilitators. Effective April 1, 2020, marketplace facilitators must collect and remit Georgia sales tax on behalf of third-p...
Georgia enacted sales tax economic nexus provisions concerning marketplace facilitators. Effective April 1, 2020, marketplace facilitators must collect and remit Georgia sales tax on behalf of third-p...
ID - Form 967 filing changes discussed
For corporate and personal income tax purposes, the Idaho State Tax Commission (commission) clarified that taxpayers will no longer receive paper Form 967s, Idaho Annual Withholding Report Instru...
For corporate and personal income tax purposes, the Idaho State Tax Commission (commission) clarified that taxpayers will no longer receive paper Form 967s, Idaho Annual Withholding Report Instru...
IL - Expiration date established for Illinois exemption for aircraft repair, maintenance, and replacement items
Enacted legislation provides an expiration date for the Illinois sales and use tax exemption for aircraft repair, maintenance, and replacement items. The exemption specifically applies to materials, p...
Enacted legislation provides an expiration date for the Illinois sales and use tax exemption for aircraft repair, maintenance, and replacement items. The exemption specifically applies to materials, p...
IN - Taxpayer was not entitled to receive refund
A vehicle registration service provider’s (taxpayer’s) protest for a refund of Indiana sales and use tax was denied because the taxpayer was not the person who incurred the tax liability a...
A vehicle registration service provider’s (taxpayer’s) protest for a refund of Indiana sales and use tax was denied because the taxpayer was not the person who incurred the tax liability a...
KS - Legislation requiring marketplace facilitators to collect tax introduced
Legislation has been introduced in the Kansas House of Representatives that would require marketplace facilitators to collect and remit sales tax. The following criteria would be required for tax obli...
Legislation has been introduced in the Kansas House of Representatives that would require marketplace facilitators to collect and remit sales tax. The following criteria would be required for tax obli...
KY - K-5 due date extended until February 15, 2020
The Kentucky Department of Revenue (department) has extended the due date to submit wage and tax statements to the department until February 15, 2020, because it is experiencing intermittent issues wi...
The Kentucky Department of Revenue (department) has extended the due date to submit wage and tax statements to the department until February 15, 2020, because it is experiencing intermittent issues wi...
LA - Guidance issued on pass-through entity election
The Louisiana Department of Revenue has issued corporate income tax guidance on the election for pass-through entities to be taxed as if the entity had been required to file a federal income tax retur...
The Louisiana Department of Revenue has issued corporate income tax guidance on the election for pass-through entities to be taxed as if the entity had been required to file a federal income tax retur...
ME - Governor supports increased funding for business investment credit, proposed housing tax credit
In her State of the State address, Maine Gov. Janet Mills highlighted several income tax proposals supported by her administration, including:increased funding for the Maine Seed Capital Tax Credit fo...
In her State of the State address, Maine Gov. Janet Mills highlighted several income tax proposals supported by her administration, including:increased funding for the Maine Seed Capital Tax Credit fo...
MD - Governor proposes tax reduction on retirement income
In his 2020 State of the State address, Maryland Gov. Larry Hogan proposed the "Retirement Tax Reduction Act of 2020," which, if enacted, would provide personal income tax relief on retireme...
In his 2020 State of the State address, Maryland Gov. Larry Hogan proposed the "Retirement Tax Reduction Act of 2020," which, if enacted, would provide personal income tax relief on retireme...
MA - Subscription fees for online software were taxable
Fees charged for subscriptions to use online software products were subject to Massachusetts sales tax.Sales of SoftwareThe company sold subscriptions for online software products that allowed users t...
Fees charged for subscriptions to use online software products were subject to Massachusetts sales tax.Sales of SoftwareThe company sold subscriptions for online software products that allowed users t...
MI - Principal residence exemption continued through end of year
A Michigan property owner was entitled to the principal residence property tax exemption (PRE) on its home until the end of the relevant tax year, despite having a similar exemption granted in Arizona...
A Michigan property owner was entitled to the principal residence property tax exemption (PRE) on its home until the end of the relevant tax year, despite having a similar exemption granted in Arizona...
MN - Contractors and other property installers industry guide issued
Minnesota has issued an industry guide describing the sales and use tax topics related to contractors and other property installers. For sales tax purposes, "contractors" refers to anyone wh...
Minnesota has issued an industry guide describing the sales and use tax topics related to contractors and other property installers. For sales tax purposes, "contractors" refers to anyone wh...
MO - Interest rate on refunds increased for second quarter of 2020
The interest rate on all qualifying Missouri tax refunds is decreased from 2.1% to 2.0% for the period from April 1, 2020 to June 30, 2020. Statutory Interest Rates, Missouri Department of Revenu...
The interest rate on all qualifying Missouri tax refunds is decreased from 2.1% to 2.0% for the period from April 1, 2020 to June 30, 2020. Statutory Interest Rates, Missouri Department of Revenu...
NJ - New Jersey apprenticeship program credit enacted
Businesses can receive a $5,000 credit against the corporation business tax or the gross income tax for documented qualified start-up costs associated with the initial year of participation in an appr...
Businesses can receive a $5,000 credit against the corporation business tax or the gross income tax for documented qualified start-up costs associated with the initial year of participation in an appr...
NC - Impact of federal extender legislation explained
A North Carolina Department of Revenue notice explains the impact of federal extender legislation on the state’s personal income tax returns.Federal Extender LegislationFederal legislation exten...
A North Carolina Department of Revenue notice explains the impact of federal extender legislation on the state’s personal income tax returns.Federal Extender LegislationFederal legislation exten...
ND - Legislative changes summarized
North Dakota has issued a newsletter summarizing corporate and personal income tax changes enacted by the 2019 legislature, such as a new automation credit and a new military retirement pay exclusion....
North Dakota has issued a newsletter summarizing corporate and personal income tax changes enacted by the 2019 legislature, such as a new automation credit and a new military retirement pay exclusion....
OH - Pipeline did not qualify for interstate business exclusion
Receipts earned by an interstate pipeline from transporting natural gas solely within Ohio was properly subject to the public utility tax and imposition of the tax did not violate the Commerce Clause....
Receipts earned by an interstate pipeline from transporting natural gas solely within Ohio was properly subject to the public utility tax and imposition of the tax did not violate the Commerce Clause....
OK - Additional Q2 local rate changes announced
Additional Oklahoma local sales and use tax rate changes have been announced effective April 1, 2020.City Rate ChangesCherokee imposes a new lodging tax of 5%.Eufaula imposes a new lodging tax at a ra...
Additional Oklahoma local sales and use tax rate changes have been announced effective April 1, 2020.City Rate ChangesCherokee imposes a new lodging tax of 5%.Eufaula imposes a new lodging tax at a ra...
PA - Taxability of membership fees discussed
A Pennsylvania letter ruling provides guidance on the sales and use taxability of membership fees for a professional association. The taxability of a membership fee depends upon what a member receives...
A Pennsylvania letter ruling provides guidance on the sales and use taxability of membership fees for a professional association. The taxability of a membership fee depends upon what a member receives...
RI - Rhode Island tax filing season begins January 27
The Rhode Island Division of Taxation (division) announced that the filing season for Rhode Island resident and nonresident personal income tax returns will begin on Monday, January 27, 2020. On that ...
The Rhode Island Division of Taxation (division) announced that the filing season for Rhode Island resident and nonresident personal income tax returns will begin on Monday, January 27, 2020. On that ...
WA - Washington workforce education surcharge repealed; tax rate imposed on service activities increased
Washington’s workforce education investment surcharges have been repealed. In addition, the service and other activities business and occupation tax rate has been increased.Workforce Education I...
Washington’s workforce education investment surcharges have been repealed. In addition, the service and other activities business and occupation tax rate has been increased.Workforce Education I...
WV - Income approach used to value reserve oil and gas properties
West Virginia has issued property tax guidance regarding the State Tax Department’s primary reliance on the income approach for the appraisal of reserve oil and gas property. Administrative...
West Virginia has issued property tax guidance regarding the State Tax Department’s primary reliance on the income approach for the appraisal of reserve oil and gas property. Administrative...
WI - Summary judgment denied for taxpayer’s failure to qualify for exemption
For Wisconsin sales and use tax purposes, an aircraft leasing company’s (taxpayer’s) motion for summary judgment was denied because the taxpayer failed to qualify for the repair and mainte...
For Wisconsin sales and use tax purposes, an aircraft leasing company’s (taxpayer’s) motion for summary judgment was denied because the taxpayer failed to qualify for the repair and mainte...
WY - Waste mine gas extracted from Trona mine was subject to tax
For purposes of Wyoming severance and property taxes, the State Board of Equalization (BOE) determined that the waste mine gas was subject to tax because it went through the natural gas production pro...
For purposes of Wyoming severance and property taxes, the State Board of Equalization (BOE) determined that the waste mine gas was subject to tax because it went through the natural gas production pro...