CCH Tax Day Report The Louisiana Tax Free Shopping Program, which allows international visitors to obtain sales tax refunds on certain purchases, has been extended through July 1, 2023. Formerly, the program was scheduled to expire July 1, 2017. Under the program, individuals traveling in the United States for a three-month period or less with […]

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CCH Tax Day Report Louisiana Gov. John Bel Edwards has signed legislation that establishes termination dates for the following corporate and personal income tax credits and incentive programs administered by the Department of Economic Development: — Single sales factor apportionment program—No contracts may be entered into on or after July 1, 2017; — Angel investor […]

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CCH Tax Day Report The IRS has issued general requirements and conditions for the development, printing and approval of all substitute tax forms to be acceptable for filing in lieu of official IRS-produced and distributed forms. The IRS accepts quality substitute tax forms that are consistent with the official forms and that do not have […]

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CCH Tax Day Report The IRS has provided the specifications for the private printing of red-ink substitutes for the 2017 revisions of information returns, preparing acceptable substitutes of the official forms, and using official or acceptable substitute forms to furnish information to recipients. The procedures cover Forms 1096, 1097-BTC, 1098 series, 1099 series, 3921, 3922, […]

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CCH Tax Day Report Senate Republicans on June 21 unveiled a discussion draft of the Better Care Reconciliation Act of 2017, 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). The discussion draft of the Senate amendment to the American Health Care […]

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CCH Tax Day Report Oregon has enacted legislation that, for purposes of the excise (corporate) and personal income taxes, will update Oregon’s connection to federal bankruptcy law regarding the tax treatment of debt forgiveness. Specifically, when apportioning debts discharged in bankruptcy, a taxpayer will apply the rules of 11 U.S.C. 346(j) of the federal bankruptcy […]

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