Three recent cases serve as a tool for taxpayers seeking guidance on when an out-of-state corporation owning a passive ownership interest in a passthrough entity doing business in New Jersey might be found to have nexus.
State & Local Tax
This column, the first of two parts, discusses issues states must consider and steps some have taken to align partnership audit rules with new federal rules.
This column discusses the definition of “benefits received” under the regulation for sourcing service receipts.
This column discusses compliance considerations, including nexus, taxability, and how to source the revenues from customers.
States have gotten creative and taken matters into their own hands in an attempt to collect lost tax revenue.
States are attempting to increase revenues by enacting laws that expand the definition of nexus-creating activities.
This item examines the most common sales-and-use-tax problems and the preventive measures companies can take to avoid these issues or handle them in an audit.
Non-U.S. taxpayers generally are surprised by the degree of complexity involved in complying with U.S. state and local taxes.
A state's franchise taxes can result in increased compliance costs in addition to the burden of the taxes themselves.
This item looks at how soda taxes have changed over the years and puts the newest batch of taxes in perspective.
This column shares a few thoughts on sales sourcing methodology for readers who are not state tax geeks.
This item discusses the interplay between Public Law 86-272 (15 U.S.C. §§381–384) and the federal treatment of computer software, as well as two states’ approaches to the corporate income tax treatment of canned software.
This article discusses how excise tax changes may affect your business and what you can do to ensure tax compliance and avoid potential penalties.
Most states that have a personal income tax have a function whereby the taxpayer can file as a full-year resident, a partial-year resident, or a nonresident.
This item offers an overview of certain provisions in the regulations that could have state corporate income tax consequences.
Noncorporate taxpayers have the ability to determine how unused future bonus depreciation deductions are used when transferring assets in a nonrecognition or “basis carryover” event.
The AICPA Task Force is developing a position paper with possible approaches that state CPA societies may want to consider in working with state legislatures and tax authorities in developing compliance policies.
Nevada, once viewed as a “tax-friendly” state, implemented a $1.5 billion tax plan to fund its education system.
Tax return preparers are discovering that some state income tax returns for 2016 require information from a taxpayer’s driver’s license or state-issued identification card information before the returns can be e-filed.
Decision Striking Down Delaware’s Estimation Method for Auditing Unclaimed Property to Stand as Parties Settle
Delaware and the unclaimed property holder filed a joint motion to dismiss the case with prejudice, after reaching a settlement agreement.