TWIST - January 14, 2019

This podcast for the week of January 14, 2019, covers state and local tax developments in New Jersey, New Mexico, and Pennsylvania, as well as a multistate update on Wayfair developments.

All of this week’s TWIST episodes

Insight

NJ: Guidance issued on treatment of GILTI and FDII; Combined group composition

The NJ Division of Taxation recently released two technical bulletins that provide guidance on GILTI and FDII.
Insight

NM: Dept. failed to establish deviation from financial institution apportionment factor was warranted

Recently, a New Mexico Hearing Officer ruled that the Department of Taxation and Revenue failed to establish that deviation from a financial institution’s apportionment factor was warranted.
Insight

PA: Corporate tax bulletin provides hedging and other receipts are excluded entirely from the sales factor

The Pennsylvania Department of Revenue recently issued a Corporation Tax Bulletin addressing the sales factor treatment of hedging related receipts.
Insight

Multistate: Wayfair-related developments

States covered include Texas, Virginia, Missouri, South Carolina, and Pennsylvania.

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TWIST - January 14, 2019

This podcast for the week of January 14, 2019, covers state and local tax developments in New Jersey, New Mexico, and Pennsylvania, as well as a multistate update on Wayfair developments.

All of this week’s TWIST episodes

Work anywhere, together

KPMG Tax Publishes

KPMG Spark

Tax Reimagined

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The Crowded Congressional Calendar: September's a Doozy

TWIST - January 14, 2019

This podcast for the week of January 14, 2019, covers state and local tax developments in New Jersey, New Mexico, and Pennsylvania, as well as a multistate update on Wayfair developments.

All of this week’s TWIST episodes

NJ: Guidance issued on treatment of GILTI and FDII; Combined group composition

NM: Dept. failed to establish deviation from financial institution apportionment factor was warranted

PA: Corporate tax bulletin provides hedging and other receipts are excluded entirely from the sales factor

Multistate: Wayfair-related developments