Tax Alerts

Tax Briefing(s)

Middle Class Tax Relief and Job Creation Act of 2012

2011 Tax Year In Review

AL - Governor explains tax credit for teachers
Alabama Gov. Robert Bentley has issued a press release explaining his educational agenda that would include a $300 personal income tax credit for teachers who spend their own money...

AK - Native corporation’s properties qualified for charitable exemption
The Alaska Supreme Court ruled that four properties of a Native corporation qualified for the property tax charitable exemption because they were used exclusively for charitable pu...

AZ - Incorrect date printed on TPT1 form
The Arizona Department of Revenue has released a warning that it mistakenly sent out monthly and quarterly TPT1 forms with incorrect tax period dates printed on them. The monthly T...

AR - Income tax matters discussed
The following Arkansas corporate and personal income tax updates are included in the department’s quarterly newsletter.IRC §179 for 2011...

CA - Third 15-day notice issued for regulation on sales of other than tangible property
The California Franchise Tax Board (FTB) has issued a third 15-day notice for a proposed California corporation franchise and income tax regulation (Reg. 25136-2) addressing the ma...

CO - Interlocutory review granted in conservation easement credit case
For corporate and personal income tax purposes, the Colorado Court of Appeals has granted the Colorado Department of Revenue's petition for interlocutory review in a case involving...

CT - New debit card information issued
The Connecticut Department of Revenue Services (DRS) has provided additional information about the use of debit cards for personal income tax refunds. The DRS noted that several st...

DE - Governor proposes credit for hiring veterans
Delaware Gov. Jack Markell proposed to expand tax credits to Delaware businesses that hire veterans in his 2012 State of the State address. The governor made no additional tax prop...

DC - All retirement account distributions taxed at highest rate
Emergency legislation enacted by the District of Columbia amends the income withholding tax rules for retirement distributions. A distribution from a retirement account will be tax...

FL - Bonus depreciation, IRC §179 emergency rule adopted
The Florida Department of Revenue has issued an emergency rule, which replaces a similar expired rule, regarding additions and subtractions required to compute the corporate income...

GA - Limited liability company entitled to attorney fees
A trial court erred in setting aside a judgment awarding a limited liability company attorney fees arising in connection with a local Georgia ad valorem property tax assessment mad...

HI - Taxability of rentals of renovated military barracks determined
The Hawaii Department of Taxation has issued a letter ruling stating that a management company’s rentals of renovated military barracks to military personnel who are travelin...

ID - IRC conformity date updated
Legislation updates Idaho's Internal Revenue Code conformity date from January 1, 2011, to January 1, 2012, for personal and corporate income tax purposes, effective retroactively ...

IL - Governor proposes 2012 tax cut, credits
In his 2012 State of the State address, Illinois Gov. Pat Quinn announced three tax proposals for 2012 involving corporate and personal income tax and the natural gas utility gas tax. Initially, th...

IN - Acquired company filed returns late
A taxpayer, acquired by a second corporation, that did not file its Indiana corporate tax returns or remit estimated tax payments until the second corporation filed its consolidate...

IA - Equity investment credit updated
The Iowa Department of Revenue has adopted a number of new rules and amendments to regulations relating to the investment tax credit for equity investments in a qualifying business...

KS - Taxability of cloud computing transaction discussed
A Kansas Department of Revenue opinion letter discusses the application of retailers’ sales tax to charges imposed by an application service provider (ASP) on subscribers for...

KY - 2011 tax year changes, use tax look-up tool, other matters discussed
The latest issue of the Kentucky Tax Alert newsletter discusses changes for individuals and corporations filing 2011 Kentucky income tax returns, including the standard de...

LA - Withholding tax e-file regulations amended
The Louisiana Department of Revenue has adopted emergency regulatory amendments to reflect that, beginning in 2012, employers that are required to remit withheld personal income ta...

ME - Nonresident tax rule amended
Maine Revenue Services has amended a rule providing personal income tax guidance for nonresident individuals. Among other things, the amendments include new definitions of "permane...

Welcome to Jones Tax Advisors, Inc

Welcome and thank you for visiting our website. In addition to providing you with a profile of our firm and the services we provide, this website has been designed to become a helpful resource tool to you, our valued clients and visitors. Our dedication to superior client service has brought us to the Internet as we endeavor to continue to provide the highest quality professional service and guidance.

As you browse through our website, you will see that we have highlighted background information on our firm and the services we provide. We have also included useful resources such as informative articles (in our Newsletters section) and interactive financial calculators (in our Financial Tools section). In addition, we have taken the time to gather many links to external websites that we think would be of interest to our clients and visitors (in our Links section).

Please feel free to contact us with any questions or comments you may have - we would love to hear from you. We pride ourselves on being proactive and responsive to our clients' inquiries and suggestions.