Tax News Highlights

Dec. 5, 2013

Federal Tax

IRS Finalizes and Proposes Additional Regulations on 3.8 Percent Net Investment Income Tax 

The IRS issued final and proposed regulations regarding the implementation of the 3.8 percent net investment income tax.

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Employers Could Owe Additional FUTA Tax for 2013 

Employers in many states could face higher-than-expected FUTA liabilities.

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State Tax

Supreme Court Declines to Review New York Click-Through Nexus Law and lost their bid to have the Supreme Court hear their appeal of New York’s click-through nexus rule that requires many out-of-state retailers to collect sales tax on purchases by New York customers.

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Howard M. Wagner
Partner, National Tax Services