Multistate- States Provide Covid-19 Tax Guidance in Wake of Telecommuting Employees

Many states have issued guidance on payroll tax withholding as many employees find themselves working from home in a different state that their usual place of employment. Jason Rosenberg and Adam Caputo of Withum outline recent guidance and look at Continue reading Multistate- States Provide Covid-19 Tax Guidance in Wake of Telecommuting Employees

Kentucky- Enforced Collection Action Has Been Suspended

At the direction of Governor Andy Beshear, the Kentucky Department of Revenue (DOR) has suspended all enforced collection action due to the COVID-19 emergency.  During this time, some taxpayers may receive a “Final Notice Before Seizure” letter encouraging them to Continue reading Kentucky- Enforced Collection Action Has Been Suspended

Multi-State- Sales Tax Laws Roundup: April-May 2020

At the start of April, individuals and organizations were just coming to terms with stay-at-home orders and closures of nonessential businesses. As states start to relax those provisions, businesses are beginning to prepare for what comes next. Because Florida doesn’t Continue reading Multi-State- Sales Tax Laws Roundup: April-May 2020

California- Proposed Taxes to Address California’s Budget Shortfall in Light of COVID-19

California Governor Gavin Newsom’s proposed budget for FY 2020-21 projected a $7 billion surplus and record state spending, but his revised budget projects as much as a $54 billion deficit in light of COVID-19’s impact on the state’s economy and Continue reading California- Proposed Taxes to Address California’s Budget Shortfall in Light of COVID-19

Rhode Island –No Nexus for Remote Work, Equipment in State (ADV 2020-24)

ADVISORY FOR TAX PROFESSIONALS  Direct from the Rhode Island Department of Revenue Division of Taxation:  May 28, 2020 “For the duration of Rhode Island’s coronavirus state of emergency, the Rhode Island Division of Taxation will not seek to establish nexus Continue reading Rhode Island –No Nexus for Remote Work, Equipment in State (ADV 2020-24)

Missouri- Kansas City Voters Pass Sales-Tax Increase for KCFD

Kansas City, Missouri, voters approved a sales-tax increase to benefit the city’s fire department by a margin of roughly 2,000 votes. Voters approved a 1/2-cent sales tax, which replaces an existing 1/4-cent sales tax, that will boost KCFD’s budget by Continue reading Missouri- Kansas City Voters Pass Sales-Tax Increase for KCFD

South Carolina- SCDOR REMINDER: COVID-19 RELATED TAX RELIEF DUE DATES APPROACHING

The South Carolina Department of Revenue (SCDOR) reminds taxpayers that some tax return and payment due dates are approaching. Nexus and Income Tax Withholding requirements for employers: If you have employees temporarily working remotely in South Carolina or outside of Continue reading South Carolina- SCDOR REMINDER: COVID-19 RELATED TAX RELIEF DUE DATES APPROACHING

New Jersey- Crippling Effects of COVID-19: NJ Faces $10B Revenue Shortfall

The Department of the Treasury delivered a budget update to the Legislature Friday, providing a detailed revenue report that illustrates the devastating impact COVID-19 has had on New Jersey’s finances and laying out plans to close the looming gap for Continue reading New Jersey- Crippling Effects of COVID-19: NJ Faces $10B Revenue Shortfall

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.