State COVID-19 Filing Guidance and Relief

As part of state and local responses to the COVID-19 pandemic, business and individual tax return filing extensions, payment extensions, and late filing/payment penalty waivers and relief, along with updated unclaimed property compliance guidelines are being issued by states and localities on a daily basis. This remains a fluid and developing situation, please consult BDO’s SALT Filing Guidance and Penalty Relief chart daily for the latest developments.

Related Resources

Article

Florida Court Sides With Verizon, Rejects State’s Calculation of Florida NOL Limitation

April 12, 2024
Article

Florida Court Sides With Verizon, Rejects State’s Calculation of Florida NOL Limitation

April 12, 2024

A Florida appellate court has confirmed that the state’s Department of Revenue erred in calculating a company’s Florida net operating loss (NOL) limitation by applying its own interpretation rather than following state law, which closely mirrors federal law.

Read More

Article

A Primer on the Taxation of Custom Software

April 3, 2024
Article

A Primer on the Taxation of Custom Software

April 3, 2024

States often interpret the distinction between prewritten and custom software narrowly, leading to disputes among the government, custom software vendors, and purchasers.

Read More

Article

Virginia Issues Final PTET Guidance for Tax Years 2022-2025 and Retroactive Guidance for Tax Year 2021

March 20, 2024
Article

Virginia Issues Final PTET Guidance for Tax Years 2022-2025 and Retroactive Guidance for Tax Year 2021

March 20, 2024

On January 17, the Virginia Department of Taxation (DOT) issued final guidelines for the commonwealth’s pass-through entity tax (PTET) for tax years 2022 through 2025, and on March 4, it issued guidelines for making a retroactive PTET election for tax year 2021.

Read More

Article

Maryland Comptroller Will Allow One-Time Late PTE Election for Tax Year 2023

March 8, 2024
Article

Maryland Comptroller Will Allow One-Time Late PTE Election for Tax Year 2023

March 8, 2024

On February 28, Maryland's Chief Deputy Comptroller, Andrew Schaufele, issued a communication to tax professionals allowing pass-through entities (PTEs) to make the Maryland PTE tax election for 2023, even if they had not made the PTE tax election with their 2023 estimated payments.

Read More