IRS Issues Final Regulations Defining Terms Related to Marital Status (T.D. 9785)
CCH Tax Day Report The IRS has released final regulations that reflect the holdings of Obergefell v. Hodges, SCt, 2015-1 ustc ¶50,357, Windsor, SCt, 2013-2…
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Congress, White House, Treasury Weigh In On EC’s $14 Billion Tax Ruling Against Apple
CCH Tax Day Report The European Commission (EC) announced its finding August 30 that Ireland granted unauthorized tax benefits of up to 13 billion euros…
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New York ~ Personal Income Tax: Tenant’s Payments to Escrow Account Not Eligible for QEZE Credit
CCH Tax Day Report The New York Tax Appeals Tribunal has affirmed an administrative law judge’s denial of a tenant’s personal income tax refund claimed…
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Louisiana ~ Sales and Use Tax: 2nd Amendment Weekend Tax Holiday Set for Sept. 2-4
CCH Tax Day Report The Louisiana Department of Revenue has issued a bulletin explaining the 2016 Louisiana Second Amendment Weekend Sales Tax Holiday that begins…
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Louisiana ~ Sales and Use Tax, Practice and Procedure: Tax Relief Available to Individuals Affected by Flooding
CCH Tax Day Report Louisiana taxpayers can claim refunds for state sales taxes paid on personal property destroyed or lost during storms and flooding that…
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IRS Provides Relief to Louisiana Flooding Victims; Retirement Plans Allowed to Make Loans and Hardship Distributions to Flood Victims (IR-2016-115; Ann. 2016-30)
CCH Tax Day Report The IRS has announced relief for victims of recent storms and flooding in Louisiana that began on August 11, 2016. The…
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Final Regs Clarify Definition of Real Property for REITs (T.D. 9784)
CCH Tax Day Report The IRS has issued final regulations to clarify the definition of real property for purposes of the real estate investment trust…
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Oregon ~ Personal Income Tax: Medical Care, Business Expenses Deductions Allowed
CCH Tax Day Report The Oregon Department of Revenue’s disallowance of certain personal income tax deductions for medical care expenses and consulting fees paid to…
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New York City ~ Multiple Taxes: NYC Interest Rates Unchanged for Fourth Quarter of 2016
CCH Tax Day Report Interest rates on underpayments and overpayments of New York City income and excise taxes and annual vault charges for the period…
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Montana ~ Severance Tax: Crude Petroleum, Natural Gas Rate Increased
CCH Tax Day Report The Montana oil and gas conservation tax rate has been increased to the statutory maximum of 0.3% of the market value…
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