Multi-State

State Income Tax Filing Deadline Extensions - Due to the COVID-19 pandemic, the Federal income tax filing deadlines have been extended. As a result, many states have followed suit and extended their income tax filing and payment deadlines as well as their estimated payment deadlines. The following link provides access to a spreadsheet that lists information for those states that have issued an extended deadline for filing or paying income taxes and estimated payments: Click here for spreadsheet.

 

Other State Tax Filings Deadline Extensions - States have been slower to provide taxpayers with extensions to file sales and use, gross receipts, or property taxes. Taxpayers should either file as usual or contact each state to see if any extensions have been granted.

 

Gross Receipts Tax Filing Deadline Extensions: Due to the COVID-19 pandemic, some states and localities have extended their gross receipts tax or franchise tax filing and payment deadlines. The following link provides access to a spreadsheet that lists information for states and localities' deadlines for filing or paying gross receipts and franchise taxes: Click here for spreadsheet.

Sales and Use Tax Filing Deadline Extensions: Due to the COVID-19 pandemic, some states have extended their sales and use tax filing and payment deadlines. The following link provides access to a spreadsheet that lists information for states' deadlines for filing or paying sales and use taxes: Click here for spreadsheet.

State and Local Tax Corporate Income Tax Nexus Guidance - Due to the COVID-19 pandemic, many employers are following the  "Stay-at-home" policies adopted at the state level. As a result, employees are being required to work in their homes as opposed to going to their normal office locations. Some states and localities recognize this temporary work condition and have provided guidance as to whether such activity creates nexus for corporate income tax purposes. The following link provides access to a spreadsheet that lists information for these states and localities: Click here for spreadsheet.

 

State Guidance of Taxability of Paycheck Protection Program (PPP) Loans - As a result of the COVID-19 pandemic, many businesses applied for and received forgivable PPP Loans. The CARES Act provides that any amount forgiven under the terms of the Act will not be included in gross income for federal purposes. But this provision was codified in the Small Business Act rather than the Internal Revenue Code, making its application to the states uncertain. The following link provides access to a spreadsheet that lists information provided by certain states that have provided guidance as to whether the states will be treating the proceeds from the PPP loans, and their forgiveness, as gross income. It also provides information from those states that have addressed the same question with regard to the Emergency Advance feature of the Economic Injury Disaster Loan, another federal program set up to aid small businesses through the pandemic. Click here for spreadsheet.

 

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Columbus, Ohio 43215

614-326-1120

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