North Carolina will provide tax relief for taxpayers affected by severe thunderstorms that occurred on April 15, 2018. The Department of Revenue will waive penalties…
Nebraska changes the state’s individual income tax laws in new legislation. The legislation: creates a personal exemption credit, establishes a standard deduction, and adjusts personal…
The Tax Court properly determined that an attorney carried out his automobile activity with the intent to make a profit. Therefore, he could deduct substantiated business…
Rhode Island provided guidance on its tax treatment of IRC Sec. 965 income for individuals and pass-through entities. Federal Treatment Under the federal Tax Cuts…
Oregon has enacted income tax legislation creating: an addition to federal taxable income for the amount of deductions allowed under IRC Sec. 199A(a); and a…
California provides details on collecting and reporting the cannabis excise tax for cannabis retailers who are also distributors. The collection and reporting requirements for independent…
The IRS extended the 2017 filing deadline one day. The IRS provided the additional day for taxpayers to file and pay their taxes following system issues that surfaced…