CCH Tax Day Report IRS Commissioner John Koskinen spoke on June 21 at the 7th Annual IRS-Tax Policy Center Joint Research Conference on Tax Administration in Washington, D.C. At the event, Koskinen discussed the IRS’s stake in tax reform from the perspective of tax administration. Tax Reform “No one would be more delighted with a […]

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CCH Tax Day Report The IRS is now accepting renewal applications for Individual Taxpayer Identification Numbers (ITINs) that are expiring at the end of 2017. Taxpayers should submit their renewal applications as soon as possible to avoid the rush and any processing delays. Taxpayers with expiring ITINs, who need to file a tax return in […]

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CCH Tax Day Report The Texas franchise tax credit for certified rehabilitation of certified historic structures is temporarily expanded effective June 14, 2017, until January 1, 2022. During that period, “eligible costs and expenses” for purposes of the credit are expanded to include eligible costs and expenses incurred by public universities and university systems. H.B. […]

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CCH Tax Day Report The Oregon House has passed a bill that would, if enacted, replace the cost of performance standard with a market-based sourcing standard for purposes of determining the sales factor applicable to intangible property and service, as used in the corporate excise (income) tax apportionment calculation. The change would apply to tax […]

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CCH Tax Day Report A law has created the Louisiana Uniform Local Sales Tax Board as a political subdivision of the state for purposes of promoting the uniformity and efficiency of imposition, collection, and administration of local sales and use taxes. The board’s powers and duties include: (1) supporting and advising local tax collectors; (2) […]

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CCH Tax Day Report 80% of the assessed value of a renewable energy source device that is considered tangible personal property is exempt from Florida ad valorem taxation provided the device: — is installed on real property on or after January 1, 2018; — was installed before January 1, 2018, to supply a municipal electric […]

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