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

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Tax Relief for Disaster Recovery Efforts

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Future of Mobility: Improving Equity Plan Administration & Process through Technology
TWIST - September 9, 2019
Recap of 2018 Global Financial Reporting and Valuation Conference

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Insights

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

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U.S. tax reform

The unfolding implementation of the 2017 tax legislation

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Fixed assets services
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Global reward services

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Economic & valuation services

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Indirect tax technology
Value added tax
Sales & use tax compliance

Back to Services

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

Back to Services

Global Mobility
Employment tax
Global mobility technology
Mobility consulting

Back to Services

International tax for asset management
US tax in europe

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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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Future of Mobility: Improving Equity Plan Administration & Process through Technology

This TaxWatch webcast will look into the future of global rewards – focused on improving equity plan administration & process through technology.

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Featured Podcast

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TWIST - September 9, 2019

In this edition of TWIST for the week of September 9, 2019, State and Local Tax professional Sarah McGahan, from KPMG's Washington National Tax practice, covers updates in Alabama, Florida, Georgia, and Utah as well as Wayfair developments in multiple states. You can also listen to TWIST podcasts directly via iTunes.

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Featured In-person Event

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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.