Weekly Round-Up: Massive E-Filing Fraud Delays Income Tax Refunds Nationwide


After reports of suspicious activity in at least 19 states, TurboTax has temporarily turned off service in all states, Bloomberg BNA State Tax Law Editor Radha Mohan and Bloomberg BNA correspondents Tripp Baltz, Michael Bologna, Martha Kessler, Nora Macaluso, Chris Marr, and Mark Wolski write in this week’s issue of the Weekly State Tax Report.

With filing deadlines fast approaching and concerned taxpayers clamoring for guidance, several states issued press releases and statements, notifying taxpayers how to proceed and protect their identity following this massive breach of security, they write.

For in-depth coverage of the states that have issued guidance on the breach, check out the article, which can be read in its entirety here.

Some notable developments from the State Tax Developments Tracker – Bloomberg BNA’s new tool for monitoring important developments in all the states:

California State Controller′s Office Announces Unclaimed Property Agreement With Charles Schwab and Company

New York Department of Taxation and Finance Publishes Updated Guidance on Sales Tax for Hotel and Motel Operators

Connecticut Department of Revenue Services Publishes Answers to Frequently-Asked Questions on Business Entity Tax

For more information about this and other state tax issues, sign up for a free trial of the Bloomberg BNA Premier State Tax Library

In other developments…

New York – NOL deduction does not decrease entire net income in year liability measured on alternative base, by PwC

Details of Governor Bill Haslam’s “Revenue Modernization Act” Emerge: Broad-Sweeping Tax Proposals to all Major Tennessee Taxes, by Bradley Arant Boult Cummings LLP

House “Extenders” Bills Represent First Wave of Effort to Enact Costly, Permanent Tax Cuts, by the Center on Budget and Policy Priorities

Compiled by Priya D. Nair

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