2018-04-09 Focus on States
Current Federal Tax Developments for the week of April 9, 2018 - Focus on States. Current Federal Tax Developments is brought to you by the state CPA societies and Kaplan Professional Education. This week we look at the following items:
- Supreme Court will shortly hear oral arguments in Wayfair case
- A number of states increase pressure on out of state sellers
- Idaho requires collection at $10,000 of sale from any seller that the Supreme Court doesn’t tell us lacks nexus in Wayfair
- Georgia adds a $200,000/200 transaction tattletale statute
- Oklahoma puts a $10,000 tattletale statute in place that also impacts referrers
- New York passes two TJCA SALT limitation workaround statutes - but do they work?
- IRS issues guidance on three TCJA topics on Monday, including 43 pages on Section 965 transition tax
An audio version of this podcast can be streamed or downloaded below