Tennessee Allows Single Receipts Factor Apportionment for Financial Asset Managers
Financial asset management companies can now use a single receipts factor in Tennessee to apportion net earnings and net worth. Companies can elect to use…
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New York Budget Has IRC Conformity, Many Other Tax Changes
New York’s 2018-19 budget package contains Internal Revenue Code (IRC) conformity amendments and many tax changes. The conformity amendments address the effects of the federal…
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Nebraska Updates IRC Conformity
Nebraska has updated its conformity date for Nebraska taxes tied to the Internal Revenue Code (IRC) to April 11, 2018. The prior conformity date was…
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Maine Expands Sales Tax on Room Rentals
Room remarketers and transient rental platform operators must register to collect Maine sales tax on room rentals. Sales Price for Renting Living Quarters Recent Maine…
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Weekly Report from Washington, D.C.
The House Ways and Means Committee approved a bipartisan IRS reform package. A House floor vote is expected the week of April 16. White House…
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Updated FAQs Issued on Filing 2017 Tax Returns Including Transition Tax (FAQs)
The IRS has provided updated answers to frequently asked questions (FAQs) about filing 2017 returns and making tax payments relating to the transition tax under…
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Treasury, OMB Agree to Increased Oversight of Tax Regulations
Certain proposed regulations issued by Treasury will now be subject to additional oversight by the Office of Management and Budget (OMB). A Memorandum of Agreement…
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Jump-Start Your Firm’s Transformation by Moving to the Cloud
While some firms continue to believe that cloud technology is a fad or a long-term vision, more and more experts warn that these firms are…
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Virginia Offers Modified Apportionment Factors
Virginia allows modified apportionment factors for companies that make new investments in certain areas of Virginia. Eligible companies that operate in a qualified location may…
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Meeting Oklahoma Marketplace Sales Law Requirements
Third-party online retailers must collect and remit Oklahoma sales tax under marketplace sales legislation signed by Oklahoma Gov. Mary Fallin. Collection Required by Marketplace Facilitators…
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