CCH Tax Day Report Kansas Gov. Sam Brownback has signed legislation changing the due date for filing certain annual withholding tax forms from the last day of February to January 31. Changes governing property tax (TAXDAY, 2017/06/27, S.6) and sales and use taxes (TAXDAY, 2017/06/27, S.7) are covered separately. H.B. 2212, Laws 2017, effective July […]

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CCH Tax Day Report A professional hockey team, organized as an S corporation, was entitled to deduct the entire cost of pregame meals for players and personnel at away games. The meals qualified as de minimis fringe benefits. Although the contracts between the team and the hotels were not titled “leases,” the team paid consideration […]

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CCH Tax Day Report The Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT) released a cost estimate on June 26 of Senate Republicans’ Better Care Reconciliation Act of 2017 (BCRA), a measure that would repeal and replace, in part, the Patient Protection and Affordable Care Act (ACA) (P.L. 111-148) (TAXDAY, 2017/06/23, C.1). […]

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CCH Tax Day Report Recently enacted Wisconsin legislation amends a number of personal income and corporation franchise and income tax provisions. For purposes of claiming a capital gain deferral or exclusion based on investments in a qualified Wisconsin business, “investment” is defined to mean amounts paid to acquire stock or other ownership interest in a […]

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CCH Tax Day Report The Ohio Senate has passed a bill that would, if enacted, eliminate the bottom two personal income tax brackets. Like the version passed by the House, the bottom two income tax brackets applicable to income under $10,000 would be eliminated. Further, the low-income taxpayer credit would be eliminated. The House has […]

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CCH Tax Day Report Overriding Gov. Paul LePage’s veto, the Maine legislature enacted legislation requiring remote sellers to collect and remit sales tax on sales of tangible personal property, products transferred electronically or services that are delivered into Maine, and allowing the state to seek a judgment against remote sellers for uncollected tax, effective October […]

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