Porter & Company

Tax Alerts

Tax Briefing(s)

2018 Year-End Tax Planning Tax Reform 2.0 2018 Post-Filing Season Update Congress Approves Sweeping Tax Overhaul IRS Releases Comprehensive Repair/Capitalization Final Regulations IRS Guidance on Same-Sex Marriage

IRS Clarifies Treatment of Refunds with New SALT Limits
The IRS has provided four examples of the interaction of the new limit on the deduction on state and local taxes (SALT) under Code Sec. 164(b)(6) with the tax benefit rule for refunds under&...

Plug-In Electric Vehicle Credit to Phase Out for GM Vehicles
The tax credit for new qualified plug-in electric drive motor vehicles sold by General Motors, LLC, will begin to phase out April 1, 2019. The credit begins to phase out in the second calendar quarter...

2019 Foreign Housing Expense Limitations Released
The IRS has provided the adjustments to the limitation on foreign housing expenses for specific locations for tax year 2019. Generally, a qualified individual whose entire tax year is within the appli...

2018 Waivers of 911 Eligibility Requirements Due to Adverse Conditions
The IRS has provided a waiver for any individual who, for the 2018 tax year, failed to meet the eligibility requirements of Code Sec. 911(d)(1) due to war, civil unrest, or similar adverse c...

IRS Revises EIN Application Process
As part of its ongoing security review, the IRS is revising the application process for obtaining an employer identification number (EIN). Starting May 13, 2019, only individuals with social security ...

IRS Issues 2018 Nonconventional Source Fuel Reference Price
The IRS has published the nonconventional source fuel reference price for calendar year 2018. The credit period for the nonconventional source production credit under Code Sec. 45K ended on ...

AL - Cullman County increases local taxes
Effective May 1, 2019, Cullman County imposes a 0.5% local Alabama sales and use tax.New Sales And Use Tax RatesAs a result of the new tax, the rates for the following in Cullman County increase from ...

FL - Classified use assessment post-hurricane Michael clarified
Florida clarifies classified use assessment post-Hurricane Michael for property tax purposes.Five-Year Recovery PeriodHurricane Michael caused significant damage to agriculturally-classified propertie...

GA - High-technology data center rule adopted
The Georgia DOR has adopted Rule 560-12-2-.117 ("High-Technology Data Center Equipment"). The rule provides guidance on the sales and use tax exemption for high-technology data centers in effect from ...

LA - Constitutional challenge to cap on solar tax credits rendered moot
The Louisiana Supreme Court held that a constitutional challenge to a cap on available solar electric system income tax credits was moot because the challenged statute was subsequently amended, and th...

NC - IRC conformity updated
North Carolina enacted legislation that updates the IRC conformity date for computing corporate and personal income tax liability.IRC Conformity DateThe legislation changes the IRC conformity date fro...

SC - Applicability of sales and admissions tax to brewery tours discussed
The South Carolina Department of Revenue issued a revenue ruling regarding the applicability of sales and admissions tax to tours and samples offered by breweries. In determining whether a sales or ad...

TN - Classification of business as seller of glass affirmed
The trial court did not err in determining that the taxpayer should be classified under Classification 1(B) for Tennessee business tax purposes because the majority of gross sales for the taxpayer wer...

VA - Litter tax due May 1, 2019
The Virginia Department of Taxation informs manufacturers, wholesalers, distributors, or retailers of the following products that they are required to pay the litter tax by May 1,2019: food for human ...

Welcome to

Porter & Company

Accountants and Consultants

Thank you for visiting.

ANNOUNCEMENTS

IRS concludes "Dirty Dozen" list of tax scams for 2019:
Agency encourages taxpayers to remain vigilant year-round!
2019 IRS "Dirty Dozen" tax scams

Porter & Company will be attending the AutoCPA Convention!
Carmel, CA - May 2019!

We had a great time in January at the
National Automobile Dealers Association Convention
in San Francisco!

Click here to make secure online payment on your account.

Home

IRS concludes "Dirty Dozen" list of tax scams for 2019:Agency encourages taxpayers to remain vigilant year-round!2019 IRS "Dirty Dozen" tax scams

IRS concludes "Dirty Dozen" list of tax scams for 2019:
Agency encourages taxpayers to remain vigilant year-round!
2019 IRS "Dirty Dozen" tax scams