Matt Hunsaker discusses recent North Carolina tax legislation, including phase-out/phase-down of corporate and individual income tax rates, an elective passthrough entity SALT cap workaround, and simplification of the...more
New Jersey is coming after taxpayers for years before 2019 based on information on combined group reports. From June 15 to October 15, 2021, the state will be offering certain benefits to taxpayers who come forward for years...more
California Assembly Bill 71 would have made major changes to how California taxes foreign income, including a thinly-veiled attempt to get multinationals to elect worldwide combination. It looks like the bill will not pass...more
In this week's episode, Matt Hunsaker equates regular state tax nexus studies with regular visits to the dentist. Things can go bad if you skip either. Learn more about what goes into a nexus study and why now is the best...more
In Wisconsin Department of Revenue v. Deere & Company, the Department of Revenue tried to disallow a dividends received deduction for distributions from a Luxembourg entity despite published guidance conflicting with its...more
3/9/2021
/ C-Corporation ,
Corporate Taxes ,
Department of Revenue ,
Income Taxes ,
Luxembourg ,
State Taxes ,
Tax Appeals ,
Tax Audits ,
Tax Authority ,
Tax Deductions ,
Tax Liability ,
Tax Litigation ,
Taxable Distributions
The California legislature introduced AB 71 to provide a comprehensive plan to address statewide homelessness. In January, it was amended to add various tax provisions. Big ones. Matt Hunsaker breaks down what this means for...more
The NBA finals are now over - congrats to the LA Lakers. But did holding the playoffs in Florida save the players on state income taxes? Matt Hunsaker discusses that question in this week's episode. Plus, an update on the...more
It can be a little intimidating for a state tax expert to stand around the water cooler with international tax experts that casually throw around terms like BEPS, Pillar 1, Pillar 2, Digital Services Taxes, OECD, GloBE, etc....more
9/17/2020
/ Base Erosion Tax ,
BEPS ,
Corporate Taxes ,
Digital Services Tax ,
Income Taxes ,
International Tax Issues ,
Local Taxes ,
Multinationals ,
OECD ,
SALT ,
State Taxes ,
Tax Planning ,
Tax Rates ,
Tax Reform