Tax Alerts


Remote Transactions – Changes to Sales Tax Due to Wayfair Case

Tuesday, October 2, 2018

The recent Supreme Court decision in South Dakota v. Wayfair, Inc. (June 21, 2018) has stirred a fair amount of chaos and confusion amongst states and business taxpayers. In short, the Supreme Court has decided to overturn the physical presence nexus requirement related to state and local sales or use taxes. The nexus requirement determines […]

Brady Unveils Tax Reform 2.0 Framework

Tuesday, October 2, 2018

The House’s top tax writer has unveiled Republicans’ “Tax Reform 2.0” framework. The framework outlines three key focus areas: making permanent the individual and small business tax cuts enacted under the Tax Cuts and Jobs Act (TCJA) ( P.L. 115-97); promoting family savings by streamlining retirement savings accounts and creating a new Universal Savings Account; […]

Governor Signs Two Important Tax Bills

Tuesday, October 2, 2018

This article is reproduced with permission from Spidell Publishing, Inc. Governor Brown has signed AB 2503, which makes a domestic corporation and a limited liability company subject to voluntary or involuntary administrative dissolution or administrative cancellation if: the entity either never conducted business, filed returns or paid tax when it was operating and has no […]

Senate Panel Examines IRS Administration; Congress Works Toward Bipartisan IRS Reform

Tuesday, October 2, 2018

The IRS faces numerous challenges, most of which are attributable to funding cuts, the National Taxpayer Advocate Nina Olson told a Senate panel earlier. “The IRS needs adequate funding to do its job effectively,” Olson told lawmakers. IRS Funding Olson, while testifying at a Senate Finance Committee (SFC) Taxation and IRS Oversight Subcommittee hearing, placed blame on […]

Senate GOP Tax Writers Clarify Intent on Certain Tax Reform Provisions

Tuesday, October 2, 2018

Senate Finance Committee (SFC) Republicans are clarifying congressional intent of certain tax reform provisions. In a published letter, GOP Senate tax writers called on the Treasury and the IRS to issue tax reform guidance consistent with the clarifications. The letter, addressed to Treasury Secretary Steven Mnuchin and Acting IRS Commissioner David Kautter, identifies three sections […]