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Tax › Tax Events › Tax Podcasts › TWIST - This Week in State Tax › TWIST - June 17, 2019

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Family Office Fridays: Wealth Transfer Tax and Succession Planning Considerations
TWIST - July 15, 2019
Recap of 2018 Global Financial Reporting and Valuation Conference

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Chief Tax Officer Survey
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Tax Reimagined
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Inside Indirect Tax
TWIST-Q
Insights on Trade & Customs
TaxNewsFlash-United States
Tax Relief for Disaster Recovery Efforts

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Trust tax
Information reporting & witholding
International tax for asset management
Passthrough tax

Back to Services

Employment tax
Global mobility technology
Mobility consulting

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International tax for asset management
US tax in europe

Back to Services

Tax restructuring
Sell-side tax services
Tax transition services

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Income & Franchise tax
Global location & expansion services
Unclaimed property
State tax controversy
State and Local Tax Communications Industry Practice

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Family Office Fridays: Wealth Transfer Tax and Succession Planning Considerations

During this Webcast, professonals from KPMG’s Washington National Tax office will discuss the enhanced gift and estate exemption opportunities that were created under the Tax Cuts and Jobs Act.

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TWIST - July 15, 2019

In this edition of TWIST for the week of July 15, 2019 State and Local Tax professional Sarah McGahan, from KPMG's Washington National Tax practice, covers updates in California, Missouri, Montana and Texas, as well as Wayfair developments in multiple states. You can also listen to TWIST podcasts directly via iTunes.

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Recap of 2018 Global Financial Reporting and Valuation Conference

This year’s event will focus on providing insights and strategies executives can leverage in their pursuit of striking balance in a changing world.

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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.

All of this week’s TWIST episodes

Insight

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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To view past weeks of TWIST that you may have missed, please visit our TWIST homepage.

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©2019 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.