Articles Posted in Income Tax

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SeeSALT attorneys Carley Roberts & Mike Le partnered with their Pillsbury tax colleagues Nora Burke & Hannah Hollingsworth to detail the impact of COVID-19 on the IRS and States Extended Tax Payment Deadlines.

Takeaways of the recent article include:

  • The IRS announced that individuals and businesses may defer both federal income tax payments and filings due April 15 until July 15, without any cap on tax liability.
  • California updated its tax extension to follow the IRS’s extension.
  • Many other states are starting to align with the IRS’s extension or have announced other tax relief.

For the full article, please click here.

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Nebraska-flag-logoNebraska’s tax department has issued guidance confirming its position that IRC 965 deemed repatriation income: 1) must be included in a taxpayer’s corporate income tax base (less the IRC 965(c) deduction); and 2) does not qualify for the state’s dividends received deduction. Nebraska Dep’t of Revenue, Gen. Info. Letter 24-19-1 (Sept. 13, 2019).

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On July 23-24, members of Pillsbury SALT will lead discussions at COST’s much anticipated state and local tax technology workshop in Foster City, Calif. This one-and-a-half day event promises to deliver in-depth state and local tax content tailored to technology businesses—everything from startups to long established companies. The varied presentations are for those new to tax and those who are tax savvy.

Pillsbury SALT members will lead discussions on a number of topics, including:

For more information and to register, please visit the event page.