Tax & Accounting Blog
Tax & Accounting Blog
1827
Draft 2020 Form W-4, Employee’s Withholding Allowance Certificate, makes significant changes to the prior form. In particular, the 2020 form: takes a five step approach;…
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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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A taxpayer who misses the 60-day rollover deadline for IRAs or retirement plans can now self-certify they qualify for a hardship waiver. Historically, taxpayers had…
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A bill introduced in the Wyoming 2019 legislative session that would have imposed a corporate income tax on specified business has failed. The bill would…
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Recipients of taxable scholarships and Native American per capita distributions have been surprised with higher tax liabilities due to changes in the kiddie tax rules.…
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The state and local tax deduction limit (SALT) may affect treatment of tax refunds from years when SALT is in effect under the tax benefit…
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States continue to pursue workarounds to the federal Tax Cuts and Jobs Act $10,000 state and local tax (SALT) deduction limitation. State attempts at circumventing…
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Illinois joined a growing number of states that are phasing out and repealing taxes measured by capital stock or net worth. What Is a Capital…
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Beginning in 2020, New Mexico combined reporting will be mandatory for corporations that are members of a unitary business group. New Mexico has an exception,…
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