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Massachusetts: Estimated Tax Penalty Relief for Corporations Affected by the Transition Tax on Deferred Foreign Earnings

The MA Department of Revenue has issued a TIR providing that the Commonwealth will provide penalty relief for underpayments of corporate excise taxes owed as a result of IRC section 965.
KPMG TaxWatch Mon, 21 May 2018 00:00:00 GMT

Tennessee: Bill to Decouple from Certain Aspects of Tax Reform Sent to Governor Bill Haslam for Signature

Senate Bill 2119, which is pending signature, would decouple Tennessee from certain aspects of federal tax reform.
KPMG TaxWatch Mon, 21 May 2018 00:00:00 GMT

Washington: White Glove Delivery Services Create Substantial Nexus

The Washington State Department of Revenue has issued an excise tax advisory addressing whether the provision of “enhanced delivery services” would create nexus for a seller.
KPMG TaxWatch Mon, 21 May 2018 00:00:00 GMT

Missouri: Optional Lease Add-ons, Including Warranties, Subject to Missouri Sales Tax

In a recent letter ruling, the Department of Revenue addressed whether a vehicle lessor was required to collect and remit Missouri state and local sales tax on certain voluntary packages purchased as part of a motor vehicle lease.
KPMG TaxWatch Mon, 04 Jun 2018 00:00:00 GMT

New Jersey: Taxpayer Not Entitled to Unreasonable Exception to Related Party Addback Requirement

Recently, the New Jersey Superior Court, Appellate Division affirmed a tax court decision holding that a taxpayer did not qualify for the so-called unreasonable exception to the state’s related party addback rules.
KPMG TaxWatch Mon, 04 Jun 2018 00:00:00 GMT

Québec: Proposed Economic Nexus Requirements for Remote Sellers of Intangibles or Services and Marketplace Collection Requirements for Digital Goods and Services

As part of its recently released 2018-2019 budget, the Québec government has proposed imposing a Québec sales tax collection requirement on remote sellers of taxable intangibles or services.
KPMG TaxWatch Mon, 04 Jun 2018 00:00:00 GMT

Washington State: New Seattle “Hours” Tax Effective January 1, 2019

Under a recently-passed ordinance, effective January 1, 2019, a new “employee hours” tax is imposed on every person for the act or privilege of engaging in business activities within the City of Seattle.
KPMG TaxWatch Mon, 04 Jun 2018 00:00:00 GMT

Georgia: Policy Bulletin Addresses Exclusion for Foreign Dividends

The Georgia Department of Revenue recently issued a policy bulletin providing guidance on the statutory exclusion for dividends received from sources outside the United States.
KPMG TaxWatch Mon, 09 Jul 2018 00:00:00 GMT

Minnesota: Commissioner Not Barred from Requiring Use of Alternative Apportionment

The Minnesota Supreme Court recently reviewed a decision in which the tax court had held that the Tax Commissioner erred when she attempted to adjust a banking group’s apportionment to include the interest income and loans of certain LLCs taxed as partnerships.
KPMG TaxWatch Mon, 09 Jul 2018 00:00:00 GMT

Vermont: Budget Bill Includes Conformity Update

Vermont’s budget bill, which became law on July 2, 2018 without the Governor’s signature, includes a provision that updates the state’s conformity to the Internal Revenue Code.
KPMG TaxWatch Mon, 09 Jul 2018 00:00:00 GMT

Colorado: Department Addresses Tax Treatment of Specially Mixed Condiments

The Colorado Department of Revenue recently addressed whether a restaurant’s purchase of pre-packaged dressing that was mixed with other food products to produce a condiment that was then sold to customers was subject to sales tax.
KPMG TaxWatch Mon, 20 Aug 2018 00:00:00 GMT

Texas: Call Tracking and Monitoring Services Not Subject to Sales and Use Tax

The Texas Comptroller recently issued a private letter ruling addressing whether a taxpayer’s call tracking and monitoring services were taxable data processing services.
KPMG TaxWatch Mon, 20 Aug 2018 00:00:00 GMT

Oregon: Companies Lacking Physical Presence in Oregon Subject to Corporate Income Tax

The Oregon Supreme Court recently addressed whether a Texas-based motor vehicle financing entity was required to include the income of two affiliate banks in computing its Oregon tax.
KPMG TaxWatch Mon, 20 Aug 2018 00:00:00 GMT

Vermont: State Issues Guidance on Treatment of GILTI, Section 199A Deduction

The Vermont Department of Taxes recently issued guidance on certain changes to Vermont’s personal income tax laws.
KPMG TaxWatch Mon, 20 Aug 2018 00:00:00 GMT

KPMG Flashpoint

A competitive forum hosted by KPMG that is designed to provide the best players in the blockchain arena with a platform to prove why their technology is a clear choice for the marketplace and why their companies are well suited to team with KPMG.
Wed, 04 Apr 2018 00:00:00 GMT
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