CCH Tax Day Report A provision authorizing the Oklahoma Tax Commission to close the business of a taxpayer who does not comply with sales tax reporting and payment requirements under certain circumstances has been amended to apply to other taxes, with the exception of corporate and personal income taxes. As amended, the definition of “noncompliant […]

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CCH Tax Day Report The microbusiness tax credit available against the North Dakota corporate and personal income taxes has been repealed for taxable years beginning after December 31, 2016. H.B. 1050, Laws 2017, effective as noted

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CCH Tax Day Report The Missouri Department of Revenue (DOR) will provide an automatic extension for Missouri taxpayers whose quarterly and monthly tax return filings and payments were delayed by recent flooding. Many businesses had a deadline of May 1st to submit quarterly or monthly sales and withholding tax returns. Because of severe flooding, some […]

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CCH Tax Day Report For Florida property tax purposes, voters at the next general election will be asked to approve or reject a proposal to increase the exemption for certain homestead valuations. Specifically, for all levies other than school district levies, the proposal would exempt the assessed valuation greater than $50,000 and up to $100,000 […]

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CCH Tax Day Report The Colorado Department of Revenue has proposed amendments to its rule on the apportionment of income on a combined report or consolidated return to clarify how an affiliated group must apportion and allocate their income if they are required to file a combined report or choose to file a consolidated return […]

The post Colorado ~ Corporate Income Tax: Amendments Proposed for Regulations Governing Group Filing Apportionment, Consolidated Returns appeared first on Tax & Accounting Blog.

CCH Tax Day Report The Senate passed the Consolidated Appropriations Act, 2017 (HR 244) on May 4 by a 79-to-18 vote. The bill will fund the federal government, including the IRS, through September, which marks the end of the fiscal year. The House passed the bill the day before by a 309-to-118 vote. The omnibus […]

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