TWIST - April 29, 2019

All of this week’s TWIST episodes

• 

  Insight

  Iowa: Guidance Issued on IRC section 163(j) Limitation

  The Iowa Department of Revenue recently issued guidance on the IRC section 163(j) limitation.

• 

  Insight

  Maryland: Guidance Issued on Apportionment of GILTI

  The Comptroller of Maryland recently issued Tax Alert 04-19, which provides guidance on the taxation and apportionment of GILTI.

• 

  Insight

  New Jersey: Guidance Issued on GILTI Treatment for Combined Reporting

  The New Jersey Division of Taxation recently issued TB-88, which provides guidance on the treatment of IRC section 951A (GILTI) and the 250(a) deduction for businesses filing on a combined basis.

• 

  Insight

  Multistate: More State Responses to Wayfair

  State lawmakers continue to enact economic nexus legislation to take advantage of the authorization contained in the U.S. Supreme Court’s decision in South Dakota v. Wayfair. Colorado and California are covered this week.