Delaware Gross Receipts Tax Return Filing Method Change (Effective Nov. 2, 2020)

Nov 16, 2020
Effective end of day, Monday, November 2, 2020, taxpayers will no longer be able to submit gross receipt returns and payments online. However, taxpayers may complete and print returns using this
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Delaware Gross Receipts Tax Return Filing Method Change (Effective Nov. 2, 2020)

Nov 16, 2020

Effective end of day, Monday, November 2, 2020, taxpayers will no longer be able to submit gross receipt returns and payments online. However, taxpayers may complete and print returns using this system, and mail them into the Division of Revenue for processing.

In January 2021, a new online portal will be available at https://tax.delaware.gov and will allow all taxpayers to file and pay gross receipts tax returns, as well as other taxes, online.

Delaware Hazardous Substance Tax To Decrease in 2021

Nov 04, 2020
Effective January 1, 2021, the Delaware Hazardous Substance Tax rate will be reduced to 0.9067%. The rate is adjusted
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Delaware Hazardous Substance Tax To Decrease in 2021

Nov 04, 2020

Effective January 1, 2021, the Delaware Hazardous Substance Tax rate will be reduced to 0.9067%. The rate is adjusted annually.

DMA & TASG Webinar “Motor Fuel Excise Tax & Sales/Use Tax Update” Nov. 12, 2020

Nov 03, 2020
Webinar:  "Motor Fuel Excise Tax & Sales/Use Tax Update" (link:  https://web.cvent.com/event/8877d531-235c-490c-968b-4c0b83b5505b/summary and see attached PDF) When:       
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DMA & TASG Webinar “Motor Fuel Excise Tax & Sales/Use Tax Update” Nov. 12, 2020

Nov 03, 2020

Webinar:  “Motor Fuel Excise Tax & Sales/Use Tax Update” (link:  https://web.cvent.com/event/8877d531-235c-490c-968b-4c0b83b5505b/summary and see attached PDF)

When:        Thursday, Nov. 12, 2020, 1:00-2:00PM (CT)

Register:   Recommended by Nov. 10, 2020 at:  https://web.cvent.com/event/8877d531-235c-490c-968b-4c0b83b5505b/regProcessStep1

DuCharme, McMillen & Associates, Inc. (DMA), in partnership with Tax Advisory Service Group (TASG), is pleased to announce another NASBA CPE-accredited webinar: Motor Fuel Excise Tax & Sales/Use Tax Update.

Oscar Garza of TASG will update the participants on changes that occurred in previous years for Motor Fuel Excise Tax, and new trends as a result of this year’s events. Kevin Koller of DMA will provide a sales and use tax update related to oil and gas, terminal, and pipeline issues across the United States, with an emphasis on Texas, Oklahoma and Louisiana.

Discussion topics will include:

  • Year-over-year changes and trends for Motor Fuel Excise Tax going into 2021
  • COVID-19 impacts of sales/use taxes and related audits
  • Specific sales/use tax issues that have current relevance, including discussion on compression services, rentals vs. services, and construction of facilities

Your response is appreciated. If you have any questions, contact Amanda Levin events@dmainc.com or call 800-309-2110 ext. 1622.

Additional Information:

Cost: There is no cost to attend

Credits: 1.0 CPE credits available*

Field of Study: Taxes

Course Level: Intermediate level program

Delivery Method: Group Internet Based

Prerequisites: Previous experience in corporate tax

Advanced Preparation: None

Who should attend? This seminar is intended for tax professionals with an interest or responsibility for motor fuel excise taxes or sales/use taxes within their organization.

Practitioners and representatives from state/provincial and local tax agencies are not eligible to attend this seminar unless invited by DMA as a presenter.

Participants will: Participants will have an understanding of the fundamentals of Motor Fuel Excise Tax and current trends, including what to expect in 2021 based on where we are today. Participants will also gain valuable information about current developments and leading issues affecting the oil and gas industries in Texas, Oklahoma and Louisiana, such as compression services, rentals versus services and facilities construction.

Refunds and Cancellations: Programs are being presented free of charge. For more information regarding administrative policies such as refund, complaint, and/or program cancellation please contact, please contact Michele Gebrayel at mgebrayel@dmainc.com or 800-309-2110 ext. 1224.

* You will need to participate in 50+ minutes for each 1 hour of instruction, answer all poll questions, and complete the post-webinar survey.

 

 

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Maryland Offers Guidance on Point of Taxation for Pipeline Transactions

Oct 29, 2020
In recent e-mail correspondence, the Comptroller of Maryland Audit Division offered some guidance on the point of taxation for gasoline and special fuel that is sold within the pipeline in Maryland.
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Maryland Offers Guidance on Point of Taxation for Pipeline Transactions

Oct 29, 2020

In recent e-mail correspondence, the Comptroller of Maryland Audit Division offered some guidance on the point of taxation for gasoline and special fuel that is sold within the pipeline in Maryland. Responding to questions regarding sales that occur at specified breakout points along the Colonial Pipeline, the Comptroller said that the sale or transfer of title to product within a pipeline is not recognized until it reaches a Maryland terminal location. Once fuel reaches a Maryland terminal location, sales of gasoline will be taxable unless sold between two Class A Dealers while sales of special fuel between licensed sellers are exempt.

Correction of Date in Instruction for Form 720-Additional Deposit of Taxes in September 2020

Sep 22, 2020
If you viewed or downloaded the Instructions for Form 720 (Rev. April 2020) before September 16, 2020, please note the following correction.  Under Payment of Taxes, the additional deposits of taxes
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Correction of Date in Instruction for Form 720-Additional Deposit of Taxes in September 2020

Sep 22, 2020

If you viewed or downloaded the Instructions for Form 720 (Rev. April 2020) before September 16, 2020, please note the following correction.  Under Payment of Taxes, the additional deposits of taxes in September 2020 are due September 29 (not September 28) for both the regular and alternative method taxes.   (https://www.irs.gov/forms-pubs/correction-of-date-in-instruction-for-form-720).

 

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