Senate Finance airs post-Wayfair sales tax burdens
Small business owners describe scrambling to comply with varying sales tax compliance rules across a welter of jurisdictions.
Nexus
A review of Multistate Tax Commission’s statement on how P.L. 86-272 applies to internet sales
The MTC approved a revision to its “Statement of Information Concerning Practices of the Multistate Tax Commission and Supporting States Under Public Law 86-272,” which added a section on activities conducted over the internet.
Remote work creates a spectrum of state and local tax issues
The COVID-19 pandemic is forcing businesses to reevaluate tax obligations as the proliferation of remote working raises a broad array of state and local tax issues, including nexus, apportionment, compliance, and financial statement reporting.
The state of economic nexus
Wayfair's reverberating effects have resulted in a complex web of state tax rules that create dangerous pitfalls for the unwary.
Three years after Wayfair: Future impact and lingering issues
State efforts to streamline sales and use tax reporting could significantly reduce burdens imposed on small businesses in a post-Wayfair environment. — and also result in better compliance and increased revenue.
In Texas, the rules of the game have changed for sourcing of receipts
As amended, Administrative Rule Section 3.591, Margin: Apportionment, significantly revises the rules for sourcing receipts to Texas, and almost all taxpayers, particularly those engaged in service industries, will be affected by the changes.
New Illinois and Chicago tax rules pose challenges
With new nexus rules, many retailers and other businesses are now facing an array of Illinois tax collection scenarios that may challenge their existing tax compliance systems.
New Mexico’s gross receipts tax: Round 2 of changes
This item discusses major changes in New Mexico's corporate income tax and gross receipts tax regime.
Managing state taxes in an uncertain world
Businesses with employees working remotely in a new location as a result of the pandemic should carefully evaluate the rules in those states to ensure proper withholding.
Erosion of nexus protection and the burden on small businesses
Lack of protections for smaller internet sellers against state-by-state income tax assessments could threaten their very survival.
California issues emergency regulation to clarify Marketplace Facilitator Act
The regulations provide examples to help taxpayers determine when a seller or facilitator becomes either a “marketplace facilitator” or “retailer” for California sales and use tax purposes and when a taxpayer establishes a tax registration and filing responsibility in California based on its sales activity.
COVID-19’s impact on withholding, unemployment insurance, and nexus
COVID-19 has added to employers' compliance requirements.
Diagnosing the SALT effects of COVID-19: Part 1
The coronavirus pandemic raises several key state tax issues.
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.
Assessing Wayfair’s impact on business and professional service providers
States have been showing a trend toward taxing an increasing number of services.
Oregon corporate activity tax: A new taxing regime
This discussion explores a few considerations for taxpayers potentially subject to Oregon's CAT.
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.
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.
US MNCs facing implications of economic (vs. physical) nexus
This item summarizes the complexities of a digitalized economy for MNCs and considers the multifaceted implications to U.S. MNCs with respect to financial statements and tax reporting.
Wayfair’s impact on not-for-profit purchases and revenues
Not-for-profits that sell goods or services may find themselves needing to register for sales tax accounts in other states to remain in compliance.
