Tax & Accounting Blog
Tax & Accounting Blog
1789
New Hampshire enacted legislation: changing the rates of the business profits and the business enterprise taxes; andpossibly adopting singles sales factor apportionment for the business…
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Taxpayers have asked the U.S. Supreme Court to review if Maryland can base corporate income tax nexus on “enterprise dependency.” Taxpayers’ Business The taxpayers (Staples,…
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New Hampshire enacted market-based sourcing for sales of intangible property for the business profits and business enterprise taxes. The changes take effect January 1, 2021…
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Hawaii enacted a new income tax nexus standard for tax years beginning after 2019. Businesses with no physical presence in Hawaii will owe state income…
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Most states tax corporate capital gains and losses in the same manner as under federal law. But several states differ on the deductibility of capital…
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The U.S. Supreme Court ruled in North Carolina Department of Revenue v. The Kimberley Rice Kaestner 1992 Family Trust that states cannot tax the income…
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Sales tax holidays are back!…in some states As summer winds down, parents across the country are shifting their thoughts from lazy summer days to the…
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Arizona retroactively conformed to income tax changes made by the Tax Cuts and Jobs Act. A bill signed by the governor on May 31, 2019,…
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A new New York law directs the state tax commissioner to disclose state tax returns to certain U.S. Congressional Committees. The disclosure requirements apply to…
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Oregon adopted partnership audit procedures to bring Oregon into conformity with the federal centralized partnership audit regime. The federal partnership audit provisions were adopted in…
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