CCH Tax Day Report The Louisiana House of Representatives has passed two bills that would, if enacted, change the corporate and personal income tax rates from graduated rates to flat rates. The corporate income tax flat rate would be 6.5% (H.B. 360), while the personal income tax flat rate would be 3.95% of net income […]

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CCH Tax Day Report For corporate income tax purposes, Colorado Gov. John Hickenlooper has signed legislation allowing a taxpayer that makes a capital investment in an enterprise data center in Colorado to use a beneficial apportionment factor when allocating federal taxable income to Colorado. When apportioning income, sales from services are Colorado sales for purposes […]

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CCH Tax Day Report A Colorado Sales and Use Tax Simplification Task Force has been created to study the necessary components of a simplified sales and use tax system for both the state and local governments, including home rule municipalities and counties. The stated goals of the task force are to find innovative revenue-neutral solutions […]

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CCH Tax Day Report The DC Bar’s Taxation Section on June 7 held the fifth and final event of its Corporate Tax Series in Washington, D.C. The event focused on recent guidance, and lack thereof, surrounding spins under Code Sec. 355. The IRS has recently expanded its ruling policy within its Corporate Division by lifting […]

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CCH Tax Day Report In a case of first impression, the Tax Court has determined that the “amount in dispute” for purposes of a whistleblower award was the total liability the IRS proposed with respect to an examination commenced using the whistleblower’s information, not just the “collected proceeds” attributable to the whistleblower’s information or specific […]

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CCH Tax Day Report A manufacturer of natural ingredients and botanical extracts was liable for wholesaling business and occupation (B&O) tax because its activities established substantial nexus with Washington. Prior to September 1, 2015, the physical presence standard applied to wholesaling activities. A person was physically present if it, or any agent or representative, engaged […]

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