Latest COST Conscious

ISSUE 21-14; July 16, 2021

What’s Next for Remote Workers After New Hampshire v. Massachusetts? – With the U.S. Supreme Court’s denial of New Hampshire’s Motion for Leave to File a Bill of Complaint in New Hampshire v. Massachusetts, what do you think will happen next regarding the “convenience of the employer” rule, remote workers, and telework?

Latest Legislative Alert

ISSUE 21-31; July 27, 2021

DC Council Moves Forward With Budget Talks, Including New Unclaimed Property Law; Nebraska, Kansas Provide Guidance on Withholding Policies for Remote Workers

Latest Practitioner Connection

ISSUE 21-15; July 23, 2021

Let’s Make a Federal Case Out of It: Time to Revisit the Tax Injunction Act - In their article for the July-August issue of Tax Executive, Eversheds Sutherland attorneys Jeff Friedman, Todd Lard and Justin Brown discuss the Tax Injunction Act (TIA), specifically justifications for modernizing the TIA, including highlighting issues that the TIA has created and the legal and business changes that ha


States Net $20 Million in Back Taxes Through Voluntary Program


States participating in the Multistate Tax Commission's voluntary disclosure program collected $20,269,587 in taxes in the fiscal year running from July 1, 2020 through June 30, 2021, down $1,281,700 from the prior fiscal year.

$11 Million Tax Break for Land Deal Rightly Denied, U.S. Says


The IRS rightly denied a nearly $11 million tax deduction dealing with a Georgia land deal because the transaction didn't satisfy deduction requirements, government officials told a federal court.

Minnesota Builders Say Towns’ Fees Amount to Disguised Tax


Minnesota home builders are suing two Minneapolis suburbs, alleging their permitting fees are designed to generate an “enormous revenue surplus” in violation of a state law limiting such charges to the actual costs of the services provided.

Michigan Court Rules Against Wave of Tax Foreclosure Litigation


Michigan counties shouldn't have to repay the potentially billions of dollars in tax foreclosure profits they illegally received for more than two decades, a state circuit court judge ruled Tuesday.

State Revenues Nearly At Pre-Pandemic Levels, Pew Reports


State tax revenues are bouncing back faster than they did in the Great Recession, thanks to Covid-19 vaccinations, an easing of public health restrictions, and nearly $2 trillion in federal aid, the Pew Charitable Trusts said Tuesday.

Ohio Tax Board Reasonable to Rely on CPA’s Racetrack Appraisal


An Ohio racetrack property was correctly valued by a state tax board, which relied on the report of a CPA, an Ohio appeals court found.

NYC’s Empty Office Buildings Could Gut Tax Revenue: Barclays


Tax-revenue declines for commercial real estate that has been hurt by the Covid pandemic may pressure New York City tax real estate receipts over the longer term, according to Barclays. This could be the main risk to the city’s budget, Barclays analysts wrote in a research note last week, citing potential impact on the office market and, to a lesser extent, multifamily buildings.

Cannabis Practice Creates Ethical Traps, Conflicts for Lawyers


Ethical and legal snags abound for lawyers representing cannabis industry clients in the growing number of states where weed is legal, requiring extra due diligence to ensure compliance, attorneys familiar with the rapidly evolving business tell Bloomberg Law.

Wealth Taxes Can’t Satisfy Constitutional Requirements


Wealth taxes are a popular topic right now—or unpopular topic—depending on your ideological stance. Erik Jensen of Case Western University explains why any such tax would face and very likely not survive a Constitutional challenge.

New York Tax and Finance Department Publishes August Tax Calendar


The New York Department of Taxation and Finance July 1 published the August tax calendar providing individual income, corporate income, sales and use, and excise tax due dates. [N.Y. Dep't of Tax'n & Fin., 2021 Department of Finance Calendar: August, 07/01/21]