Alabama ~ Personal Income Tax: Taxpayers’ Bad Debt Deduction Claim Denied
CCH Tax Day Report A married couple (taxpayers) was properly denied a bad debt deduction claimed on their joint Alabama personal income tax return because…
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CPA Allowed Deductions as Determined; Accuracy-Related Penalties Imposed (Kilpatrick, TCM)
CCH Tax Day Report A Certified Public Accountant (CPA) was not entitled to deductions in excess of those allowed by the IRS; accuracy-related penalties were…
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Nebraska ~ Property Tax: State High Court Finds Trustee Deed Purchasers Not Entitled to Relief
CCH Tax Day Report The Nebraska Supreme Court has found that taxpayers who purchased a trustee’s deed were negligent and that the doctrine of caveat…
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Arkansas ~ Personal Income Tax: Border City Tax Exemption and Business Deductions Denied
CCH Tax Day Report An Arkansas couple who filed separate personal income tax returns was properly denied the border city tax exemption and certain business…
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Alaska ~ Personal Income Tax: Governor’s Efforts to Get Personal Income Tax Enacted Fail
CCH Tax Day Report Alaska Gov. Bill Walker’s efforts to get a personal income tax enacted during the General Assembly’s 2016 regular (TAXDAY, 2016/01/22, S.3…
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All States ~ Sales and Use Tax: Goodlatte Releases Updated Online Sales Tax Discussion Draft
CCH Tax Day Report House Judiciary Committee Chairman Robert Goodlatte, R-Va., a longtime participant in the online sales tax debate, released his latest discussion draft…
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Tax Briefing Now Available: Repair/Capitalization/Depreciation 2016 Update
CCH Tax Day Report Taxpayers that use tangible real or personal property in a business need to understand the tax rules relating to the distinction…
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Weekly Report from Washington, D.C.
CCH Tax Day Report Congress remains on recess with lawmakers scheduled to return to Washington after Labor Day. The IRS announced a self-certification procedure that…
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Minnesota ~ Personal Income Tax: New Exemption for Military Pension Income Explained
CCH Tax Day Report The Minnesota Department of Revenue has issued a bulletin addressing the new personal income tax exemption for military pension income. Beginning…
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California ~ Multiple Taxes: BOE Offers Relief for Business Owners Affected by Wildfire
CCH Tax Day Report The California State Board of Equalization (BOE) announced that business owners and tax and fee payers directly affected by the Blue…
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