January 30, 2022 U.S. Tax This Week for January 28 Ernst & Young's U.S. Tax This Week newsletter for the week ending January 28 is now available. Prepared by Ernst & Young's National Tax Department in Washington, D.C., this weekly update summarizes important news, cases, and other developments in U.S. taxation.
————————————————————————— Asean Mobility Spotlight (January 2022) ————————————————————————— Tax in the time of COVID-19: Update on legislative, economic, regulatory and IRS developments (February 4) How to respond to the continued evolution of hybrid work (February 8) International tax talk quarterly series…With the EY Global Tax Desk Network (February 8) What India’s 2022-23 Budget could mean for its economy (February 9) ————————————————————————— Internal Revenue Service — Jan 27: Helpful reminders and tips to know before filing 2021 Forms 1099 (Tax Alert 2022-0157) — Jan 25: IRS announces pilot fast-track program that resolves corporate letter ruling requests in 12 weeks (Tax Alert 2022-0144) International — Jan 27: Recent Access to Information and Privacy request regarding Express Entry into Canada discussed (Tax Alert 2022-0156) — Jan 27: Cyprus Tax Authority issues Frequently Asked Questions on loans financed by debt (Tax Alert 2022-0154) — Jan 27: Kenya publishes Common Reporting Standards regulations (Tax Alert 2022-0153) — Jan 27: Algeria’s 2022 Finance Act introduces new tax measures (Tax Alert 2022-0151) — Jan 27: OECD releases eighth batch of Stage 2 peer review reports on dispute resolution (Tax Alert 2022-0150) — Jan 26: New Alberta Immigration Nominee Program introduced (Tax Alert 2022-0149) — Jan 26: Peru's President modifies rules for enacting tax exemptions and tax benefits (Tax Alert 2022-0148) — Jan 26: Romania permits Digital nomads to extend their stay beyond 90 days (Tax Alert 2022-0146) — Jan 26: Brazil lifts its prohibition on air travel from Botswana, Eswatini, Lesotho, Namibia, South Africa and Zimbabwe (Tax Alert 2022-0145) — Jan 25: Hong Kong introduces new e-Visa (Tax Alert 2022-0140) — Jan 25: Australia relaxes border and visa restrictions to address skill shortage (Tax Alert 2022-0139) — Jan 24: Quebec introduces new flexibility to the Temporary Foreign Worker Program (Tax Alert 2022-0133) — Jan 24: Canada introduces new travel restrictions for unvaccinated foreign nationals (Tax Alert 2022-0132) — Jan 21: OECD publishes 2022 Transfer Pricing Guidelines (Tax Alert 2022-0126) — Jan 21: The Latest on BEPS and Beyond | A 2021 review (Tax Alert 2022-0121) Legislation — Jan 25: Ways and Means Subcommittee on Oversight focuses on how college coaches' pay furthers exempt purposes (Tax Alert 2022-0143) States — Jan 25: South Carolina extends COVID-19 nexus and income tax withholding relief for remote workers (Tax Alert 2022-0142) — Jan 24: Wisconsin ends nexus and income tax withholding relief for COVID-19 expires effective January 1, 2022 (Tax Alert 2022-0134) — Jan 21: New York updates nonresident audit guidelines to change 11-month rule to 10-month rule for determining residency (Tax Alert 2022-0129) — Jan 21: Governor Murphy signs New Jersey Business Alternative Income Tax revisions into law (Tax Alert 2022-0128) ————————————————————————— State and Local Tax Weekly Highlights of this edition include: — New York updates nonresident audit guidelines to change 11-month rule to 10-month rule for determining residency In December 2021, the New York State Department of Taxation and Finance (Department) revised its Nonresident Audit Guidelines (the 2021 Guidelines), which were last updated in 2014 (the 2014 Guidelines). — Income/Franchise, Sales & Use, Business Incentives, Property Tax, Controversy, Payroll & Employment Tax, Miscellaneous Tax, Unclaimed Property, Value Added Tax, Unclaimed Property ————————————————————————— Final Regulations
Proposed Regulations
Revenue Procedures
Internal Revenue Bulletin
Because the matters covered herein are complicated, U.S. Tax This Week should not be regarded as offering a complete explanation and should not be used for making decisions. Any decision concerning matters covered herein should be reviewed with a qualified tax advisor. | |||||||||||||