TWIST - August 12, 2019

All of this week’s TWIST episodes

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  Insight

  California: Arizona Resident Owes California Income Tax for Services Performed in Arizona

  The California Office of Tax Appeals (OTA) recently sustained a personal income tax assessment on a nonresident individual who had performed screenplay writing services for two California LLCs.

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  Insight

  Illinois: Details Released on Upcoming Tax Amnesty Program

  The Illinois Department of Revenue has announced that an upcoming tax amnesty program will be held from October 1, 2019 through November 15, 2019.

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  Insight

  Indiana: Lawsuit Settlement Income Included in the Numerator and Denominator of the Sales Factor

  The Indiana Department of Revenue recently determined that a financial institution had to include lawsuit settlement proceeds in both the numerator and denominator of its sales factor.

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  Insight

  Tennessee: Guidance Issued on Computing IRC section 163(j) Limitation

  The Tennessee Department of Revenue recently issued guidance on computing the section 163(j) limitation for Tennessee corporate excise tax purposes.

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  Insight

  Texas: Amended Franchise Tax Nexus Regulation Would Adopt Economic Nexus

  The Texas Comptroller recently issued draft proposed amendments to TAC § 3.586, which addresses franchise tax nexus.