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Capital Transaction Costs in an Uncertain Climate: Recoverability of Bankruptcy Costs and Debt Issuance Costs
TWIST - June 1, 2020
2019 Global Financial Reporting and Valuation Conference

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Capital Transaction Costs in an Uncertain Climate: Recoverability of Bankruptcy Costs and Debt Issuance Costs

During this Webcast, professionals from KPMG’s M&A Tax and Washington National Tax practices will discuss the risks, opportunities, and leading practices for the tax treatment of costs and attributes during a bankruptcy.

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TWIST - June 1, 2020

Summary of state tax developments in Idaho, Michigan, Oregon, South Carolina, and a Multistate response to COVID-19.

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2019 Global Financial Reporting and Valuation Conference

Learn how to identify which business trends are fads and which need to be embedded into the fabric of your company. Learn how you determine which technologies to invest in or which geopolitical trends will drive the markets. Register today.

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TWIST - June 17, 2019

This podcast for the week of June 17, 2019 covers state and local tax developments in California, New York, and Vermont.

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California: Guidance Issued on Alternative Apportionment Requests

In Legal Ruling 19-01, the Franchise Tax Board provides guidance on what it considers to be appropriate subject matter for a request under R&TC section 25137 to vary from the standard apportionment formula.

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New York: Royalty Payments from Foreign Affiliates Included in Entire Net Income Base

NY Division of Tax Appeals held that for purposes of computing NY entire net income for the tax years at issue, a taxpayer could not exclude royalty payments received from foreign affiliates.

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Vermont: Market-Based Sourcing Rules Adopted

House Bill 514, signed into law on June 10, 2019, makes certain changes to VT’s tax laws, including the adoption of market-based sourcing.

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©2020 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

The following information is not intended to be “written advice concerning one or more Federal tax matters” subject to the requirements of section 10.37(a)(2) of Treasury Department Circular 230.

The information contained herein is of a general nature and based on authorities that are subject to change. Applicability of the information to specific situations should be determined through consultation with your tax adviser.