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Impact of IRS regulations on state credits for charitable contributions

October 19, 2018

By Scott Brawdy, CPA, Tax Manager and SALT Practice Leader Garrett Jerzyk, CPA, Senior Tax Associate Proposed regulations issued by the IRS are putting a halt to states’ plans to offer state-sponsored charitable contribution programs to circumvent the $10,000 state and local tax deduction cap for individuals made in the Tax Cuts and Jobs Act (TCJA). The

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List of states adopting new economic nexus standards grows in light of SD v. Wayfair

October 3, 2018

By Scott Brawdy, CPA Tax Manager and SALT Practice Leader The SCOTUS’s ruling on South Dakota v. Wayfair continues to make waves across the country as states adopt their own economic nexus standard in light of this ruling. With over half of all U.S. states having passed legislation, trends are showing similar standards across the states

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