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Tax › Tax Events › Tax Podcasts › TWIST - This Week in State Tax › TWIST - August 26, 2019

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TWIST - November 11, 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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Explore indirect tax
Indirect tax technology
Value added tax
Sales & use tax compliance

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

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Explore global mobility
Employment tax
Global mobility technology
Mobility consulting

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Explore international tax
International tax for asset management
US tax in europe

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Explore M&A tax
Tax restructuring
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Explore state & local tax
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Explore transfer pricing
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TWIST - November 11, 2019

In this edition of TWIST for the week of November 11, 2019, State and Local Tax professional Sarah McGahan, from KPMG's Washington National Tax practice, covers updates in Indiana, Nebraska, New Mexico, Virginia, and Wisconsin. 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 - August 26, 2019

This podcast for the week of August 26, 2019 covers state and local tax developments in California, New Jersey and Utah.

All of this week’s TWIST episodes

Insight

California: IRC section 338(g) Gain Must be Apportioned Using Target’s Factors

The California Franchise Tax Board recently issued a chief counsel ruling concluding that gain recognized from an IRC § 338(g) election must be reported by the target entity on its final return and apportioned to California using its own apportionment factors.

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Insight

New Jersey: Division Issues Revised Guidance on Sourcing GILTI and FDII

Recently, the New Jersey Division of Taxation released a new technical bulletin, TB-92 issued August 22, 2019, addressing New Jersey’s treatment of FDII and GILTI.

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Insight

Utah: Equitable Adjustment Prov. Do Not Apply to Avoid Double Taxation of Foreign Bus. Income

The Utah Supreme Court recently reviewed a constitutional challenge to Utah’s individual income tax structure, as it applied to foreign and interstate business income of S corporation shareholders.

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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.