Categorized by state, our chart gives a brief overview of guidance issued in response to COVID-19. Regular updates will be made as guidance comes out.
We greatly appreciate our readers over the past year and are pleased to share that we were recently recognized by Law360 as the Tax Group of the Year.
In 2018, McDermott’s tax practice made headlines with its various high-profile state and local, US federal and international matters. Through our blogs, thought leadership pieces and…
The first New York meeting of McDermott’s Tax in the City® initiative in 2018 coincided with the June 21 issuance of the US Supreme Court’s (SCOTUS) highly anticipated Wayfair decision. Just before our meeting, SCOTUS issued its opinion determining that remote sellers that do not have a physical presence in a state can be required to collect sales tax on sales to customers in that state. McDermott SALT partner Diann Smith relayed the decision and its impact on online retailers to a captivated audience. Click here to read McDermott’s insight about the decision.
Top Hits You May Have Missed
Looking Forward to June…
On Tuesday, April 17, 2018, at 10:00 am (EST) the United States Supreme Court will hear oral arguments in South Dakota v. Wayfair, Inc., a state tax case poised to reconsider the dormant Commerce Clause physical presence standard upheld by the Court on stare decisis grounds in the historic mail-order case Quill Corp. v.
Wrapping Up January – and Looking Forward to February
You can view all of the topics we discussed over the last month here.
Our lawyers will present at the following state and local tax event in February:
February 27, 2018: Diann Smith will be presenting “What’s Trending in State Sales Tax Audit Perspectives: Issues…
McDermott hosted its last Tax in the City® women’s tax roundtable of the year in its Chicago office on December 14, 2017.
The Chicago Year-In-Review event featured a CLE/CPE presentation, “Key Provisions of International Tax Reform,” by Britt Haxton, Kristen Hazel and Sandra McGill, followed by a roundtable discussion on interest expense limitations, changes to net operating loss provisions, pass through tax rates and effects of tax reform on benefits.
Additionally, Catherine Battin, Mary Kay Martire and Jane May discussed the SALT perspective on the international tax reform provisions. A summary of key Illinois income tax changes is below, and a thorough explanation of the new SALT implications in the tax reform bills can be found here.