Remote Sellers into Illinois Must Collect Use Tax
Illinois will require remote sellers to collect use tax on October 1, 2018, if they meet economic nexus requirements. Remote sellers making sales into Illinois…
read more
Wolters Kluwer Interview: A Three-Part Series on the New Code Sec. 199A Passthrough Deduction and Proposed Regulations
Last year’s tax reform created a new 20-percent deduction of qualified business income for passthrough entities, subject to certain limitations. The Tax Cuts and Jobs…
read more
IRS Allows Business Expense Deductions for SALT Credits
Taxpayers can take business expense deductions for payments to charities or government entities If they receive SALT credit for the payments. Taxpayers were looking for…
read more
Wisconsin Proposes Sales Tax Economic Nexus Rule
Wisconsin’s proposed sales tax economic nexus rule would be consistent with the U.S. Supreme Court’s Wayfair decision. The state would also enforce the rule by October 1,…
read more
Wolters Kluwer Interview: A Three-Part Series on the New Code Sec. 199A Passthrough Deduction and Proposed Regulations
Last year’s tax reform created a new 20-percent deduction of qualified business income for passthrough entities, subject to certain limitations. The Tax Cuts and Jobs…
read more
House Republicans Unveil Tax Reform 2.0 Package
House Republicans unveiled the much anticipated “Tax Reform 2.0” legislative package on September 10. The package consists of three separate bills, which focus on individual…
read more
Online Travel Companies Must Pay Arizona Local Tax on Full Sales Price
Online travel companies were liable for Arizona local privilege taxes based on the total sales price charged for bookings. Phoenix and other cities issued assessments…
read more
Weekly Report from Washington, D.C.
During the week of September 3, President Trump expressed his thoughts about indexing capital gains to inflation and House Republicans had a closed-door listening session…
read more
Rhode Island Taxes Software as a Service Starting October 1
Rhode Island sales tax applies to software as a service (SaaS) starting October 1, 2018. Tax applies to software accessed from the web even if…
read more
Oklahoma Offers Wayfair Guidance
In Wayfair guidance, Oklahoma advises it will enforce economic nexus rules passed in legislation in April 2018 beginning with July 1, 2018. Out-of-state companies with…
read more