Washington- Retailers and Consumers of Feminine Hygiene Products

Effective July 1, 2020, sales and use tax do not apply to sales of feminine hygiene products. Sellers may claim a Feminine Hygiene Products deduction from retail sales tax for qualifying feminine hygiene products. There is no corresponding deduction under Continue reading Washington- Retailers and Consumers of Feminine Hygiene Products

New York- Sales Tax Legislation – the Bane of the Art Market?

It’s another taxing lesson in Sales Tax – Christie’s’ recent $16.7 million settlement to avoid prosecution for sales tax evasion has demonstrated once again that sales tax compliance continues to be the bane of the art market. Since 2003, the Continue reading New York- Sales Tax Legislation – the Bane of the Art Market?

Illinois – Extension of the Expiration Date of Certain Illinois Sales Tax Exemption (“E”) Numbers Due to COVID-19 Virus Outbreak

Special Informational bulletin addressed to all organizations and individuals with Illinois Sales Tax Exemption (“E”) numbers that are currently pending renewal: Due to staffing issues related to the ongoing COVID-19 virus pandemic the Illinois Department of Revenue is unable to Continue reading Illinois – Extension of the Expiration Date of Certain Illinois Sales Tax Exemption (“E”) Numbers Due to COVID-19 Virus Outbreak

Multi-State – Congress Could Reverse IRS Denial of Tax Deductions For Paycheck Protection Expenses May 2, 2020.

On April 30, the IRS ruled out tax deductions for wages and rent paid with forgivable PPP loans. The IRS views it as a double dip. However, some Senators and Congressmen are pushing back, saying that expenses funded with small business Continue reading Multi-State – Congress Could Reverse IRS Denial of Tax Deductions For Paycheck Protection Expenses May 2, 2020.

Maine- Governor Provides Municipalities With Increased Flexibility In Setting Due Dates and Interest Rates For Local Property Taxes

Governor Janet Mills recently signed an Executive Order that will provide municipalities with additional options in their administration of local property tax in response to the COVID-19 emergency. The Executive Order allows municipal officers to extend and reestablish property tax Continue reading Maine- Governor Provides Municipalities With Increased Flexibility In Setting Due Dates and Interest Rates For Local Property Taxes

Multi-State- To What Extent Does Your State Rely on Sales Taxes?

Sales taxes are the second largest source of state and local tax revenue, accounting for 23.6 percent of total U.S. state and local tax collections in fiscal year 2017. While 45 states levy a statewide sales tax and 38 allow Continue reading Multi-State- To What Extent Does Your State Rely on Sales Taxes?

Alabama – Falling Tax Revenue Looms for State, Counties, Cities

With most restaurants, hotels and retail businesses either shut down or seeing little customer traffic, government officials expect a sharp decrease April 20 when they receive March sales and lodging taxes. The notable exceptions are sales taxes from grocery stores Continue reading Alabama – Falling Tax Revenue Looms for State, Counties, Cities

New York – Walsh’s Budget Estimates The COVID-19 Pandemic Will Cost The City $11.1 Million In Revenue

In front of roughly 100 people tuned in to a virtual Syracuse Common Council meeting, Mayor Ben Walsh released his $253 million dollar budget proposal for the upcoming fiscal year beginning July 1. The budget anticipates the coronavirus pandemic will Continue reading New York – Walsh’s Budget Estimates The COVID-19 Pandemic Will Cost The City $11.1 Million In Revenue

Multistate – Teleworking During Pandemic Creates Tax Quandary for Companies

With no clear end in sight to teleworking during the pandemic, tax advisers are trying to prevent their clients from being surprised by a potential spate of new state and international taxes. Workers stranded or sheltered in states or countries Continue reading Multistate – Teleworking During Pandemic Creates Tax Quandary for Companies

California – Taxpayer Was Not Entitled to Reductions in His Liability

A taxpayer in California was not entitled to any reductions in his personal liability because he failed to establish a basis to reduce the car dealership’s unpaid liabilities.  In this matter, the taxpayer argued that the amount of his responsible Continue reading California – Taxpayer Was Not Entitled to Reductions in His Liability