CCH Tax Day Report The Virginia Tax Commissioner ruled that an on-line business located outside Virginia has sufficient nexus with Virginia to require it to register for the collection and remittance of the Virginia retail sales and use tax. The taxpayer represents that it maintains no employees, offices, business locations, or warehouses in Virginia. The […]

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CCH Tax Day Report A joint session of the Massachusetts General Assembly approved a proposed amendment to the state constitution that would impose an additional income tax of 4% on resident individuals who report annual taxable income over $1 million. If approved by voters, the tax would apply to tax years beginning on or after […]

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CCH Tax Day Report Louisiana Gov. John Bel Edwards has signed legislation that changes the motion picture production credit transfer fee from $200 per transferee to 2% of the value of the credits being transferred for projects that apply for a transfer on or after July 1, 2017. The legislation also creates the Louisiana Entertainment […]

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CCH Tax Day Report In a case of first impression, the Tax Court determined that it has jurisdiction to review a Collection Due Process (CDP) hearing determination when the underlying tax liability consisted solely of an accuracy-related penalty related to a partnership adjustment that was excluded from the deficiency procedures. The accuracy-related penalty was another […]

The post Tax Court Had Jurisdiction over CDP Determination Regarding Accuracy-Related Penalty (McNeill, TC) appeared first on Tax & Accounting Blog.

CCH Tax Day Report Senate Minority Leader Charles E. Schumer, D-N.Y., announced on June 19 Democrat senators’ intent to hold the floor late into Monday evening to deliver a series of speeches opposing the GOP’s health care repeal process. The senators have been criticizing Republican colleagues lately for preparing a Patient Protection and Affordable Care […]

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CCH Tax Day Report West Virginia Gov. Jim Justice has announced a revised budget plan that contains changes to his previously announced state tax proposals. The new budget plan includes an increase to the consumers’ sales tax rate, from 6% to 6.5%, and broadens the consumers’ sales and use tax base to include telecommunications and […]

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