CCH Tax Day Report In January 2017, the Tennessee Department of Revenue issued Important Notice 17-01 (see TAXDAY 2017/01/31, S.38) to explain the requirements of a sales and use tax regulation (i.e., Rule 1320-05-01-.129(2)) that provides that out-of-state dealers who regularly and systematically solicit business in Tennessee must register by March 1, 2017, and begin […]

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CCH Tax Day Report A taxpayer’s expenses incurred in printing telephone directories that there delivered within New York by two companies were subject to sales tax because they did not constitute being mailed or shipped by means of a common carrier or like delivery service within the common carrier exemption under Tax Law §1115(n)(4). It […]

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CCH Tax Day Report The Illinois Department of Revenue has adopted a regulation implementing a requirement under the State Tax Preparer Oversight Act that preparers of Illinois corporate and individual income tax returns include their preparer tax identification number (PTIN) on any return or claim for a tax refund prepared by the preparer. The PTIN […]

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CCH Tax Day Report The Illinois General Assembly adjourned its regular legislative session on May 31, 2017 without the House passing a Senate bill that would increase corporate and personal income tax rates, as well as expand the sales and use tax to certain untaxed services (TAXDAY, 2017/05/25, S.11). The House also failed to pass […]

The post Illinois ~ Multiple Taxes: Legislature Adjourns Without Final Action on Tax Hikes, Privilege Tax on Investment Management Service Businesses appeared first on Tax & Accounting Blog.

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, […]

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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). […]

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