Tax Alerts

Tax Briefing(s)

Middle Class Tax Relief and Job Creation Act of 2012

2011 Tax Year In Review

2012 tax season ends quietly
The 2011 filing season ended quietly, apart from a few IRS reminders and last-minute tips issued just before the April 17 deadline. Practitioners generally agreed with the government’s assess...

GAO reports confusion over foreign account reporting under FATCA and FBAR
The U.S. government has been tightening its scrutiny of taxpayers who use foreign financial accounts to circumvent U.S. tax law. Last year the Treasury department imposed new requirements on taxpay...

IRS Commissioner reviews priorities/accomplishments; will step down in September
IRS Commissioner Shulman recently announced he plans to leave his position when his five-year term ends in September 2012. Speaking before the National Press Club this past April, ...

IRS eases up on local lodging deduction for employees
The IRS has issued proposed “reliance” regulations that allow an employee’s deduction for local lodging that is business-related. Although the proposed regulation...

IRS releases updated collection financial standards for ability-to-pay
The IRS has released its Collection Financial Standards for 2012. The Collection Financial Standards specify the amounts that taxpayers may claim as basic, necessary living expenses when they claim...

AZ - Incorrect date printed on TPT1 form
The Arizona Department of Revenue has released a warning that it mistakenly sent out monthly and quarterly TPT1 forms with incorrect tax period dates printed on them. The monthly T...

CA - Third 15-day notice issued for regulation on sales of other than tangible property
The California Franchise Tax Board (FTB) has issued a third 15-day notice for a proposed California corporation franchise and income tax regulation (Reg. 25136-2) addressing the ma...

CT - New debit card information issued
The Connecticut Department of Revenue Services (DRS) has provided additional information about the use of debit cards for personal income tax refunds. The DRS noted that several st...

FL - Bonus depreciation, IRC §179 emergency rule adopted
The Florida Department of Revenue has issued an emergency rule, which replaces a similar expired rule, regarding additions and subtractions required to compute the corporate income...

GA - Limited liability company entitled to attorney fees
A trial court erred in setting aside a judgment awarding a limited liability company attorney fees arising in connection with a local Georgia ad valorem property tax assessment mad...

ME - Nonresident tax rule amended
Maine Revenue Services has amended a rule providing personal income tax guidance for nonresident individuals. Among other things, the amendments include new definitions of "permane...

MA - Conference bridging service taxable
Conference bridging service sold to Massachusetts customers by an out-of-state taxpayer is subject to Massachusetts sales and use tax because it falls within the broad definition o...

NJ - Information provided on revised UEZ refund filing procedures
The New Jersey Division of Taxation has issued a revised sales and use tax notice informing taxpayers that as a result of previously enacted legislation that became effective April...

NY - Changes enacted in extraordinary Legislative session summarized
The New York Department of Taxation and Finance has issued summaries of the corporate franchise and personal income tax changes enacted by Ch. 56, Laws 2011, during the extraordina...

PA - Bill would create intangible expense addback, implement single sales factor
Legislation introduced in the Pennsylvania House of Representatives would create a corporate income tax addback for intangible expenses and would implement a single sales factor be...

SD - Appeal process guide for board of equalization members issued
The South Dakota Department of Revenue has issued a revised guide regarding the property tax appeal process for members of local, county, and consolidated boards of equalization. A...

VT - Public agencies not liable for disclosure of information prior to judicial decision
Vermont has enacted a bill which asserts that public agencies should not be held liable for a violation of the Public Records Act or for a claim based on invasion of privacy as a r...

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