Treatment of net operating losses for state income tax often differs significantly from federal tax law.
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State & Local Tax (SALT)
Changing domicile from a high-tax state to a low-tax state
To reap the benefits of a move from a hightax state to a low-tax state, taxpayers must be able to prove that they have established domicile in the low-tax state. This article discusses the requirements to establish a new place of domicile, the factors states generally look at in evaluating a reported change in domicile, and potential triggers for state audits of domicile changes.
California Supreme Court lets stand sales tax on the full price of cellphones bundled with a service plan
The Supreme Court of California recently denied an appeal in Bekkerman v. California Dep’t of Tax and Fee Administration.
State voluntary disclosure programs: A practice guide
An agreement under a state’s program enables taxpayers to rectify past noncompliance, often with a limited lookback period and waiving penalties.
State considerations for BBA exams and adjustments
States vary in their treatment of partnership adjustments made under the centralized partnership audit regime instituted by the Bipartisan Budget Act of 2015.
Recent developments in states’ PTETs
This column offers updates and resources regarding the passthrough entity taxes that have been implemented in three dozen states.
Wealth migration and change of domicile
Taxpayers joining an exodus from higher-taxed states should understand the challenges of reestablishing their tax residency.
Understanding state tax conformity
Recent federal tax law changes can affect each U.S. state’s taxpayers differently, depending partly on the state’s method of conformity to the Internal Revenue Code.
Is Illinois’s sales tax playing field really level?
A lawsuit alleges that Illinois’s effort after Wayfair to make its sales tax regime fairer for in-state retailers unconstitutionally discriminates against remote retailers.
Inconsistency in state conformity to the Code
Some curious complexities can arise because of how states conform to the federal Internal Revenue Code, and recent examples illustrate the importance of paying close attention to these nuances.
New York City office-sharing agreements and commercial rent tax
A ruling by New York City’s Department of Finance indicates that businesses engaged in agreements to share office space may incur the city’s commercial rent tax.
State income tax considerations for non-US corporations
Foreign corporations operating in the United States need to be aware of state income tax rules, including those involving nexus, determining state taxable income, and filing methods.
ASC Topic 740 and state taxes continue to require due diligence
Properly accounting for state income taxes in financial statements has become more complex due to changing tax rules and business evolution.
PTETs: Orchestrating ASC 740 compliance
Passthrough entity tax (PTET) elections give partners and shareholders a workaround to the $10,000 deductibility limit for state and local taxes for individuals, but entities must reckon with their financial accounting implications while adapting to a wide variety of state PTET regimes.
State responses to federal changes to Sec. 174
With a number of states having decoupled from the new federal requirement for research and experimental expenditures to be capitalized, multistate businesses must survey potentially varied state deductibility.
A cautionary tale: Challenges for firms in Wayfair compliance
Lessons can be learned from an accounting malpractice lawsuit alleging failure to advise a client about Wayfair.
State filing one month after federal: AICPA resources for state CPA societies
The AICPA, state CPA societies, and other tax policy and advocacy organizations work to encourage states to make their return filing dates one month after those for corresponding federal returns.
A quick guide to disputing California tax assessments
It pays for taxpayers and their advisers to know how and when to respond when California sends unexpected tax-due or audit notices.
Massachusetts state tax implications for sales of PTE interests
When the sale of an interest in a PTE is contemplated, planning for state sourcing and taxability of the gain should both be considered so the owners avoid a large — and sometimes unexpected — state income tax liability.
Update on states moving ahead with PTETs
States continue to move ahead with implementing new passthrough entity taxes as a workaround to the $10,000 cap on the federal deduction of state and local taxes.
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.
