Grassley Intends to Chair Senate Finance Committee
Senator Charles “Chuck” Grassley, R-Iowa, will pursue chairmanship of the Senate Finance Committee (SFC) in the 116th Congress. Additionally, Grassley was unanimously nominated by Senate…
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Oklahoma Addresses Treatment of IRC Secs. 965 and 951(A) Income
Oklahoma has issued guidance on the treatment of: – foreign earnings subject to the federal IRC Sec. 965 repatriation transition tax; and – global intangible…
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Nebraska Announces Advantage Act Wage and Investment Requirements
The average annual wage and investment requirements for the Nebraska Advantage Acts have been announced. Nebraska Advantage Act An applicant must meet the following average…
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Weekly Report from Washington, D.C.
During the week of November 12, the Senate Finance Committee’s (SFC) top ranking Democrat introduced a bill to restore a retirement savings program known as…
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California-Based ISP Had Nexus with Idaho
An internet service provider incorporated outside of Idaho with one Idaho-based employee had corporate income tax nexus with Idaho. The Idaho State Tax Commission (STC)…
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Idaho Issues Rule on Pass-Through Entity Treatment of IRC Sec. 965 Income
Idaho has adopted a temporary rule that addresses how pass-through entity owners and beneficiaries should report IRC Sec. 965 income on the Idaho income tax…
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Enrolled Agent Application, Renewal Fees to Double (NPRM REG-122898-17)
Becoming and remaining an enrolled agent or enrolled retirement plan agent will soon cost more. The IRS is proposing to more than double the fees for becoming…
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Democratic Senators Introduce Retirement Savings Bill to Restore Obama-Era MyRA Program
The Senate Finance Committee’s (SFC) top ranking Democrat has introduced a bill to restore a retirement savings program known as myRA that was terminated by…
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Ohio Requires Electronic Filing of Tobacco Tax Returns
Taxpayers required to file Ohio cigarette, tobacco products, and master settlement agreement returns must do so electronically beginning January 1, 2019. Electronic Filing Tobacco tax…
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Georgia Special Session Addresses Jet Fuel Tax, Hurricane Relief
A special session of the Georgia Legislature convened November 13, 2018, and will address tax issues. The governor’s call for the special session can be…
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