CCH Tax Day Report Sales of extended warranties made with smartphone sales or as required for a product upgrade program were not subject to Illinois sales tax because the warranties were sold separately from the smartphones. With smartphone purchases, the company’s customers could also buy a separate two-year extended warranty. Maintenance agreements sold with a […]

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CCH Tax Day Report The California Franchise Tax Board updated staff guidance concerning recent changes to business entity return due dates. Among other things, the original guidance (TAXDAY, 2017/03/31, S.2) noted that C corporation returns (Forms 100 and 100W) now must be filed by the 15th day of the fourth (previously, third) month following the […]

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CCH Tax Day Report An individual who was transferred to a state hospital to receive mental healthcare while he was incarcerated was not entitled to an Earned Income Tax Credit (EITC). During the tax year at issue, the individual earned income performing part-time custodial duties for the hospital. The individual argued that he was entitled […]

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CCH Tax Day Report The House Ways and Means Oversight Subcommittee examined the 2017 tax-filing season in an April 26 hearing. “The annual hearing is an opportunity to hear about the progress and challenges IRS has administering the tax code – and to learn what Congress may be able to do to help,” Chairman Vern […]

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CCH Tax Day Report Senior administration officials outlined President Trump’s tax proposals at a news conference in Washington, D.C. on April 26. “Today we are putting out core principles,” Treasury Secretary Steven Mnunchin told reporters. Mnunchin and National Economic Council Director Gary Cohn said that the proposals, which include reducing individual and businesses taxes, along […]

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Senior Administration officials outlined President Trump’s tax proposals at a news conference in Washington, D.C. on April 26. “Today we are putting out core principles,” Treasury Secretary Steven Mnunchin told reporters. Mnunchin and National Economic Council Director Gary Cohn said that the proposals, which include reducing individual and businesses taxes along with abolishing the federal […]

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