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Ohio: Guidance Issued on Remote Seller Nexus Law

The Ohio Department of Taxation recently issued a new information release, and revised another, to account for recently-enacted remote seller nexus legislation.
KPMG TaxWatch Mon, 30 Oct 2017 00:00:00 GMT

TWIST - November 6, 2017

This podcast for the week of November 6, 2017 covers state and local tax developments in Indiana, Massachusetts, and New York.
KPMG TaxWatch Mon, 06 Nov 2017 00:00:00 GMT

Indiana: Taxpayer Allowed Use Tax Credit for Local Taxes Paid

Recently, the Indiana Tax Court allowed Indiana-based insurance company refund of use tax on purchases of software used in its Indiana operations.
KPMG TaxWatch Mon, 06 Nov 2017 00:00:00 GMT

Massachusetts: No Net Worth Subtraction for Subsidiaries Owned Through Pass-Through Entities

In Letter Ruling 17-3, Massachusetts Department of Revenue concluded that a parent corporation could not subtract its investments in subsidiaries owned through an LLC taxed as a partnership, from the book value of its total assets.
KPMG TaxWatch Mon, 06 Nov 2017 00:00:00 GMT

New York: Court Upholds Tribunal Decision Holding that HMOs were included in New York City Combined Group

New York Supreme Court, Appellate Division, confirmed decision of the New York City Tax Appeals Tribunal holding that Health Maintenance Organizations (HMOs) were subject to New York City general corporate tax for the tax years at issue.
KPMG TaxWatch Mon, 06 Nov 2017 00:00:00 GMT

TWIST - November 13, 2017

This podcast for the week of November 13, 2017 covers state and local tax developments in Arkansas, Colorado, Mississippi, and Pennsylvania.
KPMG TaxWatch Mon, 13 Nov 2017 00:00:00 GMT

Arkansas: Dog Days for Arkansas Dog Breeder

The taxpayer, a dog breeder, was contacted by the Department over a decade ago after the state sales and use tax was expanded to include pet grooming and kennel services.
KPMG TaxWatch Mon, 13 Nov 2017 00:00:00 GMT

Colorado: Appeals Court Affirms Decision Excluding a Holding Company from the Combined Return

Recently, an appeals court affirmed a decision holding that a domestic holding company was not included in a taxpayer’s Colorado combined report for the years at issue.
KPMG TaxWatch Mon, 13 Nov 2017 00:00:00 GMT

Mississippi: New Rule Adopts Economic Nexus Standard for Remote Sellers

The Mississippi Department of Revenue recently finalized a new regulation that adopts an economic nexus standard for sales and use tax purposes.
KPMG TaxWatch Mon, 13 Nov 2017 00:00:00 GMT

Pennsylvania: Prospective Enforcement Date added to Ruling that Information Retrieval Products are subject to Sales and Use Tax

The ruling is dated May 17, 2017 and was posted on the Department’s website on August 3, 2017—the new enforcement date.
KPMG TaxWatch Mon, 13 Nov 2017 00:00:00 GMT

Connecticut: Legislation Extends FAS-109 Deduction to 30 Years; Would Push Out the Deduction to 2021

Recently enacted legislation extends the FAS-109 Deduction to 30 Years, which if signed, would make 2021 the first tax year that this deduction would be allowed to be claimed.
KPMG TaxWatch Mon, 20 Nov 2017 00:00:00 GMT

TWIST – November 20, 2017

This podcast for the week of November 20, 2017 covers state and local tax developments in Connecticut, Pennsylvania, Tennessee, and Vermont.
KPMG TaxWatch Mon, 20 Nov 2017 00:00:00 GMT

Pennsylvania: Department Issues Prospective Nextel Guidance

In the recent Nextel case, the Pennsylvania Supreme Court held that the $3 million net loss deduction limitation in effect for the 2007 tax year at issue violated the Uniformity Clause of the Pennsylvania Constitution.
KPMG TaxWatch Mon, 20 Nov 2017 00:00:00 GMT

Tennessee: Cloud-Based Scheduling Product Subject to Sales and Use Tax

The Tennessee Department of Revenue recently ruled that an annual subscription fee for access to a cloud-based scheduling interface was subject to sales tax.
KPMG TaxWatch Mon, 20 Nov 2017 00:00:00 GMT

Vermont: Draft Technical Bulletin Clarifies Physical Presence Not Required to Create Corporate Income Tax Nexus

The Vermont Department of Taxes has released a draft Technical Bulletin summarizing when taxpayers are considered to have established Vermont corporate income tax nexus.
KPMG TaxWatch Mon, 20 Nov 2017 00:00:00 GMT
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