In this week’s episode of Motor Fuels Tax Minute, our hosts are going back to the basics to discuss the PERC fee.
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Detailed Description of Weaver's Motor Fuels Tax Minute, Episode 23
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In this week’s episode of Motor Fuels Tax Minute, our hosts will discuss the tax credits in the Inflation Reduction Act.
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©2023
Detailed Description of Weaver's Motor Fuels Tax Minute,…
The California Franchise Tax Board (FTB) extended the tax filing deadline to October 16, 2023 for individuals and businesses in response to winter storms in the state from December 2022 through February 2023. With this extension, the state is aligned with the extension by the Internal Revenue…
In the March 6, 2023 Internal Revenue Bulletin the IRS issued a notice stating that it will acquiesce in the decision of the court in a case saying that the oil spill tax is unconstitutional as applied to exports (Trafigura Trading LLC v. United States, 29 F.4th 286 (5th Cir. 2022)). This means…
In this week’s episode of Motor Fuels Tax Minute, our hosts will discuss the Cook County, Illinois court case and what it means for motor fuels tax.
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©2023
Detailed Description of Weaver's…
In a recent decision, the First District Court of Appeals in Illinois held that book-out transactions - where there is no physical delivery of fuel and fuel inventories do not change - are transfers of ownership of fuel and are subject to tax under the Cook County Retail Sale of Gasoline and…
The California Franchise Tax Board (FTB) has granted a one-year extension for partnerships to conform to the state’s required methodology for tax capital reporting. The FTB is requiring partnerships to use the tax basis method as determined under California law—rather than the amounts used for…
In this week’s episode of Motor Fuels Tax Minute, we continue our Motor Fuel Basics series with an overview on motor fuel reporting.
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©2023
Detailed Description of Weaver's Motor Fuels Tax…
Direct pay permits, which allow taxpayers to pay sales tax directly to the state rather than sellers, are becoming more common. Many businesses see direct pay as an essential element to the management of their state and local tax obligations, however there are still many questions. How do direct…
Sales and use tax compliance is the topic for this week’s Motor Fuels Tax Minute as our hosts interview Steven Scarborough in a deep dive on how to navigate these tax requirements.
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©2023
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