State conformity or decoupling from Sec. 174 and new Sec. 174A, enacted by the law known as the One Big Beautiful Bill Act, complicates the treatment of research and experimental expenditures.
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State & Local Tax (SALT)
Cap raised, strings attached: The 2025 SALT shake-up
Advisers can help clients take advantage of the higher deduction limit for state and local taxes while managing its income phaseout and scheduled sunset.
Pennsylvania Supreme Court invalidates Pittsburgh ‘jock tax’
The tax is held to violate the Uniformity Clause of the state’s constitution by treating residents and nonresidents unequally.
Multistate corporate income taxes: An exercise in nexus and apportionment
This case study can provide practical instruction to students and entry-level accounting staff in key issues of state corporate income tax.
AICPA tax policy and advocacy successes: 2025 highlights
The AICPA’s Tax Division volunteer committees and technical resource panels can point to many positive results last year from its advocacy to Treasury, the IRS, and Congress for law changes and administrative guidance.
Advocacy for state disaster tax relief
The AICPA advocates for uniform disaster-related tax filing and payment relief provisions.
Commonly overlooked business property tax compliance and valuation issues
Updating their fixed-asset records and exploring state exemptions can create often-missed tax savings for businesses.
P.L. 86-272 and the evolution of nexus in the digital age
This long-standing federal law limiting state nexus faces fresh headwinds as online purchases of goods and services now predominate.
Outlier or beginning of a trend? Illinois redefines investment partnerships
With its 2023 gain-nonrecognition law, the state is welcoming more nonresident investors.
State compliance for multitiered partnerships: Planning, communication, and execution can avoid common mistakes
Strategic planning and proactive compliance are key to fulfilling these often complex filing requirements across multiple jurisdictions.
Retroactive state tax legislation and interpretations: Ohio update
Questions remain after a retroactive law causing Ohio business income on the sale of an equity interest was challenged in court.
Retail delivery fees generate some bumps in the road
These new fees that Colorado and Minnesota have implemented (and other states are considering) raise a number of issues that taxpayers must address.
What is a platform? The state and local tax answer
Applicability of sales and use taxes on digital products may in some cases hinge on the elusive definition of a computer “platform.”
AICPA proposes changes to Senate bill that would help most US businesses
Passthrough entities would lose ground compared with corporations under tax language in the Senate Finance Committee bill, the AICPA said in a letter to legislative finance leaders.
Tax provisions of Senate Finance’s version of the budget bill
The 549-page text calls for making many provisions of the Tax Cuts and Jobs Act permanent. The committee says that the SALT cap amount is “the subject of continuing negotiations.”
53 CPA societies back AICPA in PTET SALT deduction effort
A letter from the AICPA and CPA societies in 53 states and jurisdictions criticizes the provision in the House version of the budget bill that would eliminate the state and local tax deduction for certain passthrough entities.
‘Looking through’ income tax apportionment for service providers
Market-based sourcing may require a lookthrough approach for apportionment.
House passes budget reconciliation bill with changes to tax provisions
Early Thursday morning, the House of Representatives passed the One Big Beautiful Bill Act by one vote. The bill had been amended by the Rules Committee, and it now goes to the Senate for consideration.
Uniform nonresident state income tax, withholding rules get AICPA support
A Senate bill would bar states from imposing tax and withholding on out-of-state workers who work for no more than 30 days within its borders. An AICPA letter described the bill as “critically important.”
Loper Bright and the future of deference to state tax authorities
States that adopted some version of the 1984 Chevron judicial deference standard may see their tax regulations challenged in ways similar to the new federal rule under the 2024 Supreme Court decision.
TAX PRACTICE MANAGEMENT
2025 tax software survey
AICPA members in tax practice assess how their return preparation software performed during tax season and offer insights into their procedures.
