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 […]

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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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The summer months are typically a bit more relaxed for tax and accounting professionals – but not always. Regardless of the position you may find yourself in, the extension deadline is looming on the horizon. Now is a great time to take advantage of tax software training options that are available for your firm.  From […]

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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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CCH Tax Day Report Recently enacted Maine legislation makes numerous changes to corporate and personal income taxes, including the enactment of new credits. Disability Income Protection Plan Credit The legislation enacts a credit for disability income protection plans in the workplace. A qualified employer can take a tax credit beginning on January 1, 2017, for […]

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