CCH Tax Day Report In its June 2017 issue of Tax News, the California Franchise Tax Board (FTB) discusses a variety of corporation franchise and income and personal income tax issues, including the following: — amended returns; — notices; — audits; — power of attorney (POA); — stale-dated warrants; — FTB Notice 2017-03 (TAXDAY, 2017/05/01, […]

The post California ~ Corporate, Personal Income Taxes: Amended Returns, Notices, Audits, Power of Attorney and More Discussed appeared first on Tax & Accounting Blog.

CCH Tax Day Report Lawmakers introduced a bipartisan dependent care tax relief bill. The IRS reminded taxpayers to make user fee payments electronically and released the Spring 2017 Statistics of Income (SOI) Bulletin. Congress Lawmakers continue to discuss tax reform (TAXDAY, 2017/05/31, C.1). Lawmakers introduced a bipartisan dependent care tax relief bill (TAXDAY, 2017/06/02, C.1). […]

The post Weekly Report from Washington, D.C. appeared first on Tax & Accounting Blog.

CCH Tax Day Report While House and Senate counterparts continue their efforts toward tax reform, a number of discrepancies must be reconciled before a unified plan emerges. What makes an already complicated process more difficult is the lack of agreement among the taxwriters, according to Eric Solomon, Ernst & Young (EY), who spoke at the […]

The post Top House, Senate Chief Tax Counsel Discuss Road to Tax Reform appeared first on Tax & Accounting Blog.

CCH Tax Day Report The Trump administration has been criticized by some lawmakers for seeming to focus more on tax cuts than true tax reform after release of its one-page tax plan outline (TAXDAY, 2017/04/21, W.1). Despite the varying rhetoric among lawmakers, however, the administration’s top tax official maintains that true tax reform is the […]

The post Tax Reform, Not Tax Cuts, Mnuchin Says appeared first on Tax & Accounting Blog.

CCH Tax Day Report Effective September 7, 2017, a chief Texas property tax appraiser may accept a late filing for a residence homestead exemption if it is filed not later than 2 years (currently, 1 year) after the taxes became delinquent. Also, a chief property tax appraiser is required to accept and approve or deny […]

The post Texas ~ Property Tax: Homestead Exemption Late Filing Application Dates Extended appeared first on Tax & Accounting Blog.

CCH Tax Day Report Effective May 31, 2017, the small claims jurisdiction limit for Minnesota state tax claims is increased from $5,000 to $15,000. Ch. 95 (H.F. 470), Laws 2017, effective as noted

The post Minnesota ~ Multiple Taxes: Small Claims Jurisdiction Limit Increased appeared first on Tax & Accounting Blog.