News & Analysis as of

State Taxes Interest Payments

Blank Rome LLP

Interest Payment Not Required to Be Added Back as Alabama’s Subject-To-Tax Exception Applied

Blank Rome LLP on

On July 28, 2022, the Alabama Tax Tribunal held that a corporation is not required to add back interest paid to a related entity as the recipient was subject to tax on that income in Ireland. This was so even though the...more

Saul Ewing LLP

Illinois Offering Amnesty on Delinquent Tax Debts

Saul Ewing LLP on

Illinois has enacted the Tax Delinquency Amnesty Act now in effect through November 15, 2019. This is an opportunity for taxpayers with delinquent Illinois taxes to pay the outstanding tax balances, and interest and penalties...more

Rosenberg Martin Greenberg LLP

The Maryland Comptroller is auditing my business regarding sales and use tax reporting. Can I be held personally liable for those...

Yes. If the Comptroller finds your business liable for sales and use tax, then you could be held personally liable for the tax, interest, and penalties assessed. Maryland law extends personal liability for sales and use tax...more

Burr & Forman

South Carolina Tax Penalties

Burr & Forman on

South Carolina imposes a number of civil tax penalties that are similar to those imposed under the Internal Revenue Code (the “Code”). South Carolina’s civil tax penalties, while similar in some respects, are not the same as...more

Cole Schotz

New Jersey Tax Amnesty: Still Time To Take Advantage Before January 15, 2019 Deadline

Cole Schotz on

The New Jersey Tax Amnesty Program applies to state tax liabilities for tax returns due on or after February 1, 2009 and prior to September 1, 2017. The program provides incentives for taxpayers who come forward and pay...more

Akerman LLP - SALT Insights

Texas Joins The Amnesty Wave

Texas has joined the growing list of states providing amnesty programs for taxpayers with unreported tax liabilities. Texas announced a temporary amnesty program that will commence on May 1, 2018 and run through June 30,...more

Burr & Forman

South Carolina Tax Amnesty for 2017?

Burr & Forman on

The South Carolina General Assembly approved a law in 2015 allowing the South Carolina Department of Revenue to offer an amnesty program to taxpayers in the state who have not filed tax returns and/or owe state taxes....more

Bradley Arant Boult Cummings LLP

State & Local Tax Alert: Alabama Edition - November 1st, 2013

The Alabama Department of Revenue has just finalized its new local nexus regulation, Ala. Admin. Code Rule 810-6-5-.04.02, that will apply to transactions occurring on or after January 1, 2014, following its rule-making...more

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