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KPMG TradeWatch: Preparing for 2020 – Planning ahead in an uncertain trade environment
TWIST - November 25, 2019
Recap of 2018 Global Financial Reporting and Valuation Conference

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KPMG TradeWatch: Preparing for 2020 – Planning ahead in an uncertain trade environment

During this webcast, professionals from the KPMG LLP and the Eurasia Group will discuss key trade trends to follow and how companies can prepare.

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TWIST - November 25, 2019

In this edition of TWIST for the week of November 25, 2019, State and Local Tax professional Sarah McGahan, from KPMG's Washington National Tax practice, covers updates in California, Illinois, Massachusetts and Ohio. 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 - November 25, 2019

This podcast for the week of November 25, 2019 covers state and local tax developments in California, Illinois, Massachusetts and Ohio.

All of this week’s TWIST episodes

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California: VAT Imposed on Services Included in Sales Factor

The California Office of Tax Appeals recently held that, for the tax year at issue, VAT imposed on the provision of services was included in the sales factor.

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Illinois: Tax Tribunal to Hear Throwout Challenge

The Illinois Independent Tax Tribunal has agreed to review two notices of deficiency issued to a global payment business as a result of the Department applying the throwout rule excluding certain of the taxpayer’s receipts from the sales factor denominator.

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Massachusetts: Life Sciences Center Tax Incentive Program

Life Sciences companies creating net new jobs in Massachusetts in 2020 may be eligible for tax incentive through the Massachusetts Life Science Center (“MLSC”) Tax Incentive Program.

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Ohio: Individual was a Responsible Party Based on Representations during Audit

A recent decision from the Ohio Board of Tax Appeals addressing whether an individual was a responsible party that could be held liable for unpaid sales tax liabilities illustrates that taxpayers need to take note of what they say during the course of an audit.

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

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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.