TWIST – June 18, 2018

June 11, 2019

The Colorado Department of Revenue recently issued guidance that any amounts included in income under IRC section 965 must also be included in the amount of federal taxable income reported on the taxpayer’s CO return.

June 11, 2019

A NY Administrative Law Judge (ALJ) recently addressed whether a taxpayer engaged in generating electricity at a plant in New York was a “qualified New York manufacturer”.

June 11, 2019

Senate Bill 99, North Carolina’s budget bill, which updates NC’s definition of the Internal Revenue Code to capture the Code as of February 9, 2018, was enacted over Governor Cooper’s veto on June 12, 2018.

June 11, 2019

The Rhode Island Division of Taxation recently proposed a regulation to provide guidance on how corporations will report deferred foreign income or section 965 income for the 2017 tax year.

June 11, 2019

Recently, a Texas appeals court addressed whether a telecommunications provider could deduct electricity used to generate and transmit its telecom products as costs of goods sold (COGS).