New York Exclusions Amended for Related Entities and Nonresident Businesses Explained
The New York Department of Taxation and Finance has issued guidance on recent legislation that amends sales and use tax law. In short, the legislation:…
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Massachusetts Taxpayer’s Drop Shipment Sales Taxable
A wholesale company (taxpayer) was liable for collecting and remitting Massachusetts sales tax on products it sold to out-of-state retailers and delivered to their Massachusetts…
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Information Exchange To Improve Returns of Illinois Unclaimed Property
The Illinois Department of Revenue may now exchange information with the State Treasurer’s office to better administer unclaimed property laws. The agencies also may enter…
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Disallowed Conservation Easement Deductions Vacated and Remanded (BC Ranch II, L.P., CA-5)
A Tax Court determination disallowing charitable deductions for certain conservation easements was vacated and remanded. The Tax Court disallowed the deductions, because: (1) the conservation…
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Terminating CSR Payments Would Hike Silver Plan Premiums 20 Percent
Gross premiums for silver plans offered through the marketplaces would be 20 percent higher in 2018 and 25 percent higher by 2020 if cost-sharing reductions…
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New York Discusses New Surcharge on Prepaid Wireless Communications Services
The New York Department of Taxation and Finance has issued information on the state surcharge on retail sales of prepaid wireless communications services that takes…
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Online Sellers Offered Tax Amnesty in 19 States
The Multistate Tax Commission (MTC) is offering a voluntary tax disclosure initiative for online marketplace sellers in participating states from August 17, 2017, to October…
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House Freedom Caucus Introduces Petition to Force Floor Vote on ACA Repeal
House Freedom Caucus members have launched a petition to discharge HRes 458, a straight repeal of the Patient Protection and Affordable Care Act (ACA) (P.L.…
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White House, Top Lawmakers Expected to Release Tax Reform Framework in September
The White House and top Republican lawmakers leading a joint tax reform effort are planning to release a three-to-five-page tax reform framework in early to…
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Seattle Firearms, Ammunitions Tax Constitutional
Seattle Ordinance 124833, imposing the firearms and ammunitions excise tax, is valid under the Washington constitution. The local law falls within Seattle’s taxing authority, and…
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