South Carolina Issues Wayfair Sales Tax Guidance
Sellers with South Carolina sales and use tax nexus also have nexus with every local jurisdiction in the state. Under South Dakota v. Wayfair, Inc., et…
read more
North Carolina Announces Disaster Sales Tax Exemptions
Due to the damage caused by Hurricane Florence, the North Carolina Department of Revenue has announced a disaster assistance sales and use tax exemption for…
read more
Comprehensive Guidance on Paid Family and Medical Leave Credit Allows Retroactive Written Policies (Notice 2018-71; IR-2018-191)
Notice 2018-17, I.R.B. 2018-9, 376, provides comprehensive guidance in question and answer format on the Code Sec. 45S employer credit for paid family and medical…
read more
West Virginia Grants Tax Relief to Victims of Hurricane Florence
West Virginia filing and payment extensions are available to state income and business taxpayers affected by Hurricane Florence. Additionally, International Fuel Tax Agreement (IFTA) and…
read more
Weekly Report from Washington, D.C.
During the week of September 17, 2018, the House Republican’s top tax writer urged the IRS to issue updated guidance on virtual currencies. TIGTA noted…
read more
Moving Expense Reimbursements Incurred Prior to 2018 Are Excluded from Employee Wages (Notice 2018-75; IR-2018-190)
Employer payments or reimbursements in 2018 for employees’ moving expenses incurred prior to 2018 are excluded from the employee’s wages for income and employment tax…
read more
IRS Proposes to Remove Section 385 Documentation Regulations (NPRM REG-130244-17)
The IRS has proposed to remove the Section 385 documentation regulations provided in Reg. §1.385-2. Although the proposed removal of the documentation rules will be…
read more
North Carolina Provides Tax Relief for Taxpayers Affected by Hurricane Florence
North Carolina will provide state tax relief for taxpayers affected by Hurricane Florence. Type of State Relief Offered The Department of Revenue will waive any…
read more
Hurricane Florence Victims Receive Mississippi Tax Relief
Mississippi is following federal extensions granted to victims of Hurricane Florence. What is the Extended Deadline? Taxpayers from counties that are designated federal disaster areas…
read more
Illinois Sales Thresholds for Remote Sellers Addressed in Emergency Rules
Emergency rules on nexus for remote sellers making sales in Illinois have been issued by the Illinois Department of Revenue. Legislation enacted earlier this year…
read more