Collaboration agreements, especially in the life sciences, sometimes unexpectedly transcend state boundaries, with consequences for companies’ apportionment and sales factor revenue sourcing.
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State & Local Tax (SALT)
Just compensation for property measured by actual tax-sale price, not FMV
Just compensation from a tax sale of property is determined based on the actual tax-sale price of the property sold, not on its fair market value.
Why record quality matters more than ever in unclaimed property audits
State authorities are increasingly scrutinizing companies’ escheats information regarding sourcing, dormancy tracking, and owners.
NY case provides lessons on changing domicile
A decision by the New York Tax Appeals Tribunal underscores how difficult it can be to prove a change of residence without strong records and facts aligned with the claimed move date.
State tax history at the United States’ 250th anniversary
Read (and test your knowledge) regarding the origins and evolution of state taxing authority on the eve of this milestone.
Calculating and presenting state income tax effects under ASC Topic 740
Help accounting students understand how public business entities incorporate state income taxes into the income tax provision with a detailed example.
State private letter rulings: What to consider before you ask
Before requesting state private letter rulings, taxpayers and their advisers should carefully consider the benefits and risks.
Sec. 174: The OBBBA and growing state tax disconformity
State conformity or decoupling from Sec. 174 and new Sec. 174A, enacted by the law known as the One Big Beautiful Bill Act, complicates the treatment of research and experimental expenditures.
Cap raised, strings attached: The 2025 SALT shake-up
Advisers can help clients take advantage of the higher deduction limit for state and local taxes while managing its income phaseout and scheduled sunset.
Pennsylvania Supreme Court invalidates Pittsburgh ‘jock tax’
The tax is held to violate the Uniformity Clause of the state’s constitution by treating residents and nonresidents unequally.
Multistate corporate income taxes: An exercise in nexus and apportionment
This case study can provide practical instruction to students and entry-level accounting staff in key issues of state corporate income tax.
AICPA tax policy and advocacy successes: 2025 highlights
The AICPA’s Tax Division volunteer committees and technical resource panels can point to many positive results last year from its advocacy to Treasury, the IRS, and Congress for law changes and administrative guidance.
Advocacy for state disaster tax relief
The AICPA advocates for uniform disaster-related tax filing and payment relief provisions.
Commonly overlooked business property tax compliance and valuation issues
Updating their fixed-asset records and exploring state exemptions can create often-missed tax savings for businesses.
P.L. 86-272 and the evolution of nexus in the digital age
This long-standing federal law limiting state nexus faces fresh headwinds as online purchases of goods and services now predominate.
Outlier or beginning of a trend? Illinois redefines investment partnerships
With its 2023 gain-nonrecognition law, the state is welcoming more nonresident investors.
State compliance for multitiered partnerships: Planning, communication, and execution can avoid common mistakes
Strategic planning and proactive compliance are key to fulfilling these often complex filing requirements across multiple jurisdictions.
Retroactive state tax legislation and interpretations: Ohio update
Questions remain after a retroactive law causing Ohio business income on the sale of an equity interest was challenged in court.
Retail delivery fees generate some bumps in the road
These new fees that Colorado and Minnesota have implemented (and other states are considering) raise a number of issues that taxpayers must address.
What is a platform? The state and local tax answer
Applicability of sales and use taxes on digital products may in some cases hinge on the elusive definition of a computer “platform.”
PRACTICE MANAGEMENT
2026 tax software survey
CPAs rate their return preparation software’s performance during this year’s tax season.
