This podcast for the week of November 19, 2018 covers state and local tax developments in California, Kentucky, and a Multistate update on the Wayfair decision.
The California Franchise Tax Board recently issued a Chief Counsel Ruling addressing whether a taxpayer was a financial corporation for California income tax purposes.
In a recent TAM 18-06, the Department of Revenue issued guidance on which taxes are considered deductible in computing Kentucky corporate income tax liability.
States continue to issue guidance or statements since the recent U.S. Supreme Court decision in South Dakota v. Wayfair.
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