Taxes
ABCs to Account for COVID-19 Sick Leave
On March 18, 2020, the Families First Coronavirus Response Act was enacted into law and will go into effect on…
Federal Tax Filing Date Extended to July 15
Get the latest in this Aprio blog: The Latest on Tax Filing and Payment Dates. Just days after announcing that…
Treasury and IRS Issue Guidance: Tax Deadline Remains April 15 with Tax Payment Deferment to July 15
Get the latest in this Aprio blog: The Latest on Tax Filing and Payment Dates. Today, the Treasury and IRS…
Coronavirus Alert: Emergency Relief for Employers and Families
The Families First Coronavirus Response Act (H.R. 6201), enacted on Wednesday, March 18, 2020, provides a comprehensive financial aid package as the coronavirus outbreak…
IRS Issues Tax Relief for Victims of Tennessee Tornadoes
On Friday, March 6, 2020, the IRS announced a tax relief to aid recent victims of the tornadoes that devastated…
Michigan Court of Appeals Tells Tax Tribunal to Consider Income Tax Nexus in Light of Wayfair
A few jurisdictions have begun to enact Wayfair-type economic nexus rules for income tax purposes, but this Michigan case raises…
Washington Court Holds that Fees for Access to Online Research Library are Taxable as a Digital Automated Service
As businesses provide more products/services using technology, determining the proper sales/use tax treatment is more difficult given varying state classifications…
Texas Revises Policy on the Inclusion of Net Gains in the Gross Receipts Factor
Several years after a Texas Franchise Tax case determined that only net gains, but not net losses, are included in…
New York Tax Appeals Tribunal Rules that Gift Card Promotion Does Not Reduce Sales Tax Value
The application of sales/use tax to a particular transaction often depends on the form in which that transaction is structured,…
Are Virtual Game Economies Now Taxable? The IRS Clarifies Reporting Requirements for Virtual Currencies in Online Gaming
By Mitchell Kopelman and Maggie Crow The taxability of virtual currency has been a hot topic for the IRS recently. In October 2019,…