State & local tax advisor: February 2018
- IRC conformity legislation enacted
- Sales and use tax occasional sale exemption discussed
- Sales to foreign country not subject to throwback rules
- Services for clients located outside Detroit not included in sales factor
- Personal income tax changes regarding filing of amended return discussed
- Impact of Tax Cuts and Jobs Act of 2017 on Minnesota taxpayers explained
New York City
- Receipts allocation had to reflect salespeople and independent consultants
- Impact of federal tax law changes discussed
- Net operating loss increases effective
- IRC conformity updated
- Tax amnesty runs May 1 through June 29
- Sales and use tax guidance regarding occasional sales exemption for business asset sales issued
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