A year and a half following the New York Court of Appeals’ significant 2019 decision in Matter of Wegmans Food Markets, Inc. v. Tax Appeals Tribunal of State of New York, 33 NY3d 587 (2019), New York continues to grapple
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Illinois’ New Fast Track Resolution Program: A Tax Appeal Option Worth Considering
The Illinois Audit Fast Track Resolution (“FTR”) program is now available for all Illinois sales and miscellaneous tax audits except for Motor Fuel Use Tax. The Department published Informational Bulletin FY 2021-01 this month highlighting the details of the program,
IRS Issues Limited Guidance On Employee Payroll Tax Deferral and Puts Onus on Employers
On August 8, 2020, President Trump issued a Memorandum to the Secretary of the Treasury authorizing the deferral of payroll taxes for certain employees from September 1, 2020 through December 31, 2020. Employers and payroll processors have eagerly awaited guidance
Impact of White House Memorandum Deferring Payroll Taxes For Certain Workers
On August 8, 2020, President Trump issued a Memorandum to the Secretary of the Treasury authorizing the deferral of payroll taxes for certain employees from September 1, 2020 through December 31, 2020. This issuance is in the form of a
Tennessee, North Carolina’s Changing Nexus Standards – Seeking Revenue, and Reducing Economic Nexus Thresholds
On June 30, 2020, the Tennessee legislature passed SB 2932 which reduces the economic nexus sales threshold for remote sellers from $500,000 to $100,000 in the past 12-month period. It also makes the same reduction in the sales or sales
Updated: A 50-State Guide to State and Local Tax Responses Amid the COVID-19 Pandemic
As state and local governments continued to announce extensions and other relief, we revise our guide to include the most recent announcements.
As state and local governments continued to announce various tax, lending and filing relief measures in response to
Update: IRS Provides Relief for U.S. and Non-U.S. National Non-Residents with Substantial Presence Due to the Coronavirus
With the restrictions on travel both into and out of the U.S. as a result of the rapid spread of the coronavirus (COVID-19) pandemic, non-U.S. or non-resident individuals (NRA) have been forced to spend a significantly greater amount of time
A 50-State Guide to State and Local Tax Responses Amid the COVID-19 Pandemic
As state and local governments continued to announce extensions and other relief, we have revised our original post to include the most recent announcements. We will continue to revise as more information is made available. As we practice social distancing
Summary of Key Tax Provisions in Historic $2.2 Trillion CARES Act Law
On March 27, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act), legislation intended to help Americans and businesses survive a public health and economic crisis due to COVID-19. This article provides a summary of key
Federal Government Responds to Coronavirus with Tax Measures
The federal government has enacted two tax measures to combat the financial downturn resulting from the coronavirus pandemic. The President signed into law a bill that includes a 100 percent payroll tax credit for certain employers providing COVID-19 related sick