Upcoming National Meeting

2024 Canadian Tax Workshop For U.S. Companies

The COST Canadian Tax Workshop for US Companies covers the key tax issues U.S. companies who are doing business with Canadians or in Canada need to know. The primary focus of the Workshop will be on GST, HST and Income Tax but will also cover QST, Payroll and Property Taxes. Attendees will also participate in an interactive audit session covering Canadian tax issues that they’ve been dealing with.

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Newsletters & Media

Cost Conscious

ISSUE 24-20; October 4, 2024

Earlier this week, Louisiana governor Jeff Landry announced his plan for a November special session to address tax reform. His plan includes cuts to the corporate and individual income tax rates, the elimination of the corporate franchise tax, and allowing local governments to exempt inventory from property tax. These tax reductions will be offset by the elimination and/or restructuring of various

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Bloomberg TAX

NYC Comptroller Urges New Rules to End Rideshare Lockouts (3)

October 17, 2024

New York City Comptroller Brad Lander called for changes to city regulations that would end app lockouts, a practice that Uber Technologies Inc. and Lyft Inc. have used to game the city’s minimum wage law, saving tens if not hundreds of millions in future driver pay.

Hawaii Appellate Judges Nullify Tax Court’s Liability Assessment

October 17, 2024

The Hawaii Tax Appeal Court overstepped its power by imposing a higher income tax on a couple that flouted tax liability assessments, a state appeals court said Thursday. 

Chicago Property Values of Area Around Magnificent Mile Up 30%

October 17, 2024

Property values rose 30% in a part of Chicago that includes iconic retailers and hotels along the Magnificent Mile.

IRS Expands Preventive Care Under High-Deductible Health Plans

October 17, 2024

High-deductible health plans can offer expanded benefits for contraception, diabetes, and breast cancer services to enrollees earlier under new IRS guidance.

Whistleblower Fails to Revive Award Claim Following IRS Reversal

October 17, 2024

The IRS properly denied a taxpayer's claim to a whistleblower award because the target identified in the tip successfully appealed its alleged tax deficiencies, the US Tax Court said on Thursday.

Oregon Couple Gets Taxable Income Decreased Despite IRS Error

October 17, 2024

The Oregon Department of Revenue was wrong to repeat an IRS mistake when tabulating a couple's taxable income, the state tax court ruled in an opinion posted Wednesday.

Hotel Investor on the Hook for $15 Million in NY Franchise Taxes

October 17, 2024

The New York Tax Appeals Tribunal declined to disturb a $15 million corporation franchise tax bill the state imposed on an Isle of Man-based company that refurbishes luxury hotels, in a ruling posted Thursday.

IRS Notice: Safe Harbor for Amounts Paid for Medical Care (IRC §213)

October 17, 2024

Safe harbor under I.R.C. §213 for amounts paid for condoms, the IRS provided. The determination of whether an expense is incurred for the prevention of disease, or other form of medical care under §213(d), depends upon the facts and circumstances (Stringham v. Commissioner, 12 T.C. 580, 584 (1949), the IRS stated. Depending on the specific facts and circumstances, amounts paid for condoms may or may not be considered medical expenses under §213(d), the IRS noted. [Notice 2024-71, 2024-44 I.R.B. __ (Oct. 28, 2024)]

Bloomberg, KPMG to Cohost 2024 Payroll Year-End Webinar

October 17, 2024

Bloomberg Tax and KPMG LLP will hold a year-end webinar for payroll professionals on Nov. 20 at 2 p.m. ET.

Australia Failed to Hit Global Tax Deal Target, Report Says

October 17, 2024

Australia missed its goal of signing and implementing parts of the OECD-led international tax deal, a performance report published by the country's Treasury found.

Featured Resources

COST - Council on State Taxation

Amicus Briefs

Dine Brands Global, Inc. V. Eubanks and The Walt Disney Company v. Eubanks

COST filed an amicus brief on June 14 asking the Michigan Supreme Court to affirm the decision of the Court of Appeals in Dine Brands Global, Inc. V. Eubanks and The Walt Disney Company v. Eubanks, where the court held an examination or audit conducted by the Treasurer was not an “action or proceeding” under the Michigan Unclaimed Property Act and did not toll the statute of limitations

COST - Council on State Taxation

COST Studies, Articles & Reports

2024 State and Local Amnesty Programs

Tracker of most state and local tax amnesty programs enacted and conducted in 2024.

COST - Council on State Taxation

COST Comments & Testimony

Comments on Texas Proposed Rule 3.330

On October 11, COST submitted comments to the Texas Comptroller suggesting proposed changes to Rule 3.330 represent an expansion of the sales tax base that is not supported by any statutory change and is in direct opposition to Texas Supreme Court jurisprudence. The comments also request a hearing and recommend that any change in administrative policy should apply only prospectively.