Tax Computation

Topics

November 1, 2018

Proposed rules aimed at states’ attempts to avoid the $10,000 SALT limit

Here is what practitioners need to know about the IRS’s proposed rules that would curb the deductibility of charitable contributions that qualify for state and local tax credits.

August 24, 2018

Proposed rules would curb avoidance of SALT deduction limit

Here is what practitioners need to know about the IRS’s proposed rules that would curb the deductibility of charitable contributions that qualify for state and local tax credits.

August 1, 2018

States vary on treatment of sale of passthrough-entity interests

Rules addressing state taxation of gains or losses that arise from the sale of interests in a passthrough entity are complex and differ from state to state.

August 1, 2018

States’ workarounds to the state and local tax deduction limitation

This discussion examines the proposed workarounds to reduce the anticipated increased tax burden on individual taxpayers caused by the state and local tax deduction limitation created by the TCJA.

July 17, 2018

States sue over state and local tax deduction cap

Four states have sued in U.S. district court, asking to invalidate the $10,000 limit on the deduction for state and local taxes enacted as part of last year’s tax overhaul.

June 1, 2018

The Tax Cuts and Jobs Act: State tax considerations, impacts, and responses

State are weighing the many consequences of federal tax reform.

June 1, 2017

Soda taxes: Old and new

This item looks at how soda taxes have changed over the years and puts the newest batch of taxes in perspective.

May 25, 2017

Infrastructure spending and excise tax: It’s about to get a lot more complicated

This article discusses how excise tax changes may affect your business and what you can do to ensure tax compliance and avoid potential penalties.

February 15, 2017

Are You Ready for the Nevada Commerce Tax?

Nevada, once viewed as a “tax-friendly” state, implemented a $1.5 billion tax plan to fund its education system.

August 1, 2016

Maximizing the Ohio Small Business Deduction: Changes Enhance Benefit to Individual Taxpayers

While it is termed a “small business” deduction, larger business owners may avail themselves of it as well.

June 1, 2016

A 1939 Frame of Mind: Old-School NOL Carryover Rules Prevail in Some States

This item briefly explains the issue of carrying over NOLs after a merger or reorganization as applied in certain states still following the Internal Revenue Code of 1939.

April 13, 2016

Ways to Make Tax Compliance Less of a Nightmare for Small Business

Troy Lewis, chair of the AICPA’s Tax Executive Committee, testified in favor or the Mobile Workforce State Income Tax Simplification Act.

December 1, 2012

New York State Metropolitan Transportation Authority Tax Declared Unconstitutional

In a case of first impression, the New York Supreme Court ruled that New York’s metropolitan commuter transportation mobility tax “was unconstitutionally passed by the New York State Legislature.”

March 1, 2011

Current Corporate Income Tax Developments, Part I

Part I of this two-part article focuses on nexus, tax base, allocable/apportionable income, and Sec. 338(h)(10) transactions.

March 1, 2009

Current Corporate Income Tax Developments (Part I)

During 2008, there were many changes in the area of state and local corporate income taxation. This article focuses on some of the more interesting items in the following corporate income tax areas: nexus, tax base, allocable/apportionable income.