State & Local Tax (SALT)

Topics

October 1, 2020

Why are indirect taxes hot for e-commerce businesses?

This article discusses the status of indirect taxes for e-commerce businesses, the expected changes to the EU VAT and U.S. state and local sales tax, and the difficulties for businesses selling goods to consumers online.

October 1, 2020

COVID-19’s impact on withholding, unemployment insurance, and nexus

COVID-19 has added to employers’ compliance requirements.

September 1, 2020

State implications of Sec. 163(j) under TCJA and CARES Act

States’ approaches to TCJA and CARES Act conformity will be driven by budget estimates and whether they can follow the reduction to the federal taxable income base while still balancing their budgets.

September 1, 2020

Diagnosing the SALT effects of COVID-19: Part 1

The coronavirus pandemic raises several key state tax issues.

August 10, 2020

Final regs. issued on payments to charitable organizations

The IRS issued additional final regulations on payments made to charitable organizations in lieu of state and local tax credits.

August 1, 2020

State and local considerations in using an F reorganization to facilitate an acquisition

Foresight of the potential state tax implications of an F reorganization will allow a seller to evaluate the lesser-known hazards.

June 1, 2020

State considerations of Sec. 163(j) carryforwards

The TCJA’s interest expense deduction limitation
rules in amended Sec. 163(j) create significant challenges and uncertainty for taxpayers at the state level.

June 1, 2020

State considerations when amending BBA partnership returns

This discussion provides a review of the federal filing requirements for amending partnership returns and focuses on three states that have taken varying approaches to address the corresponding state effects of the BBA.

May 21, 2020

Quirks spurred by COVID-19 tax relief

This article discusses some procedural and administrative quirks that have emerged with the new tax legislative, regulatory, and procedural guidance related to COVID-19.

May 1, 2020

Sales tax conflicts where two states tax the same transaction

New York’s and New Jersey’s different interpretations of situs could result in double taxation.

May 1, 2020

State entity-level income tax elections for passthrough entities after federal tax reform

Federal tax reform has caused additional states to consider passthrough-entity-level taxes.

April 1, 2020

Individual election to be taxed at corporate rates

Until now, shareholders had rarely invoked the Sec. 962 election to be taxed at corporate rates, and, as a result, most states have provided no specific guidance on how to treat a Sec. 962 election for state income tax purposes.

April 1, 2020

Assessing Wayfair’s impact on business and professional service providers

States have been showing a trend toward taxing
an increasing number of services.

March 1, 2020

Oregon corporate activity tax: A new taxing regime

This discussion explores a few considerations for taxpayers potentially subject to Oregon’s CAT.

March 1, 2020

IRS proposes more regulations on payments in lieu of charitable deductions

The IRS issued additional rules on the treatment of deductions for charitable contributions in lieu of state and local taxes, an area in which it has already issued final regulations and other guidance.

March 1, 2020

Why states should adopt the MTC model for federal partnership audits

To promote nationwide consistency, the AICPA encourages states’ adoption of the MTC model statute that conforms to the new federal partnership audit regime.

February 1, 2020

Recent nonstatutory state reactions to Wayfair

Several states have begun extending the economic nexus standard approved in Wayfair beyond sales tax, adopting economic nexus provisions for
corporate income taxes.

December 16, 2019

Guidance issued on payments to charitable organizations

December 1, 2019

Practical implications of the Wayfair decision

Businesses can follow this six-step analysis to make
sure they cover their bases in complying with new remote-seller sales-and-use-tax responsibilities.

November 1, 2019