Upcoming National Meeting

2022 Income Tax/Audit Virtual Sessions

COST has just completed its 2022 income Tax Conference/Spring Audit Session in Denver, CO. Recognizing that Covid is still impacting us, in these Virtual Sessions COST will present four of the many excellent presentations from the Conference and the always popular audit sessions to those who couldn’t make it to Denver and those who would like to have an encore.

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Newsletters & Media

Cost Conscious

ISSUE 22-12; June 17, 2022

State Audit and Waiver Practices: Part 2 – During COST’s audit sessions, we routinely hear about states contacting taxpayers shortly before a statute of limitations expires and threaten to issue a jeopardy assessment if the taxpayer does not sign a waiver. Last issue we asked generally about your company’s experience with this issue (see “Last Week’s Question Answered” below), but now it’s time to

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Bloomberg TAX

Canada Tax Gap Was Stable 2014-2018, Revenue Agency Says

June 28, 2022

Canada's tax gap—the difference between tax owed and what was collected—remained stable between 2014 and 2018, the Revenue Agency said Tuesday.

Pennsylvania Option to Retroactively Tax NFTs a Legal Minefield

June 28, 2022

Pennsylvania contends it could reach back as far as six years to tax nonfungible tokens, or NFTs, but such an aggressive, retroactive policy could trigger litigation.

Countries Mull Dispute Resolution Options for Global Minimum Tax

June 28, 2022

Countries working on developing implementation guidelines for the global minimum tax are contemplating how they should deal with disputes.

Big Law Firms Tout Abortion Access Help for Attorneys, Staff (2)

June 28, 2022

At least five Big Law firms have pledged to protect their employees' access to abortion services in the wake of the US Supreme Court’s decision to overturn Roe v. Wade.

Treasury Mulls Ways to Allocate Minimum Tax If Fallback Needed

June 28, 2022

The Treasury Department is looking at ways to attribute US taxes on foreign income to each country where they're generated, because that breakdown might be needed if the US isn't fully aligned with OECD's plans for a global minimum tax.

PKF O’Connor Recruits Gary Higgins as a Public Sector Partner

June 28, 2022

Gary Higgins has joined PKF O’Connor Davies as a partner in the public sector practice in Woodcliff Lake, N.J., according to the firm Tuesday.

N.J. Democrats Push $50.6 Billion Budget, Abortion and Gun Bills

June 28, 2022

New Jersey lawmakers are poised to send Governor Phil Murphy a record $50.6 billion budget, while abortion-protection and gun-control bills -- newly urgent amid fresh US Supreme Court rulings -- also head to floor votes.

University of California Retirees Lose Bid for Pension Boost

June 28, 2022

University of California retirees who sought higher pensions under a 1999 resolution aimed at mitigating the effects of federal tax code limitations lost their class action when a state appeals court ruled they lacked an enforceable right to these benefits.

Germany to Give Companies Extra Year to Ask for IP Tax Exemption

June 28, 2022

Germany will give companies a one-year extension on asking for an exemption from a nearly century-old tax on intellectual property income, an official said.

Berkshire Unit Denied Investment Tax Credit in Connecticut Court

June 28, 2022

An electrical systems manufacturer isn't entitled to a tax credit for fixed capital investments made by its two subsidiaries, a Connecticut trial court has ruled.

Featured Resources

COST - Council on State Taxation

Amicus Briefs

Walmart Stores v. Johnson County Board of Commissioners

COST amicus brief seeks consistent application of Kansas’ property tax valuation law following Kansas Court of Appeals’ decision In re Equalization of Prieb Properties, 47 Kan. App. 2d 122 (2012). If there is a change to the State’s valuation process, it should be from the legislature and not the Kansas Supreme Court.

COST - Council on State Taxation

COST Studies, Articles & Reports

2022 State and Local Amnesty Programs

Tracker of most state and local tax amnesty programs enacted and conducted in 2022.

COST - Council on State Taxation

COST Comments & Testimony

Comments on Proposed Rules re. the New Retail Delivery Fee

COST sent comments to Colorado Department of Revenue strongly encouraging and supporting broad-based penalty and interest relief to taxpayers as it applies to the new Retail Delivery Fee.