Exempt organizations often dedicate resources to complying with federal tax laws but may not recognize the complexity of state and local sales and use taxes.
This item discusses FASB Contingencies standards in the context of potential loss contingencies related to sales and use taxes.
Certain jurisdictions introduced bills that would impose new taxes on revenues from digital advertising or expand the state sales tax base to include sales of digital advertising.
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.
This item discusses major changes in New Mexico's corporate income tax and gross receipts tax regime.
The use of P-cards, which likely increased during the coronavirus pandemic, can create unexpected challenges, including potential exposure to sales and use tax.
This discussion outlines the basics of sales and use tax and transfer pricing, considers how intercompany transfer pricing may unintentionally lead to sales tax exposure, and offers steps to avoid audit assessments and penalties.
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.
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.
New York’s and New Jersey’s different interpretations of situs could result in double taxation.
States have been showing a trend toward taxing an increasing number of services.
Several states have begun extending the economic nexus standard approved in Wayfair beyond sales tax, adopting economic nexus provisions for corporate income taxes.
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.
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.
Buyers and sellers must now consider how Wayfair affects M&A tax due-diligence efforts, purchase agreement indemnities, and navigating remediation plans between the parties around prior-period exposures.
Marketplace sellers, especially smaller businesses with limited resources, may face unexpected liabilities and obligations.
A recent Alabama Court of Civil Appeals decision held that the business model used by a prominent classroom bookseller did not create use tax nexus in Alabama during a lengthy audit period at issue .
Wayfair and the TCJA have positioned SALT issues to be a leading consideration in the overall tax landscape in the 2019 tax return preparation season.
A recent case affirmed an appellant could not compel Costco to seek refunds of over-collected sales tax charged on items that the California Board of Equalization classified as exempt food.
This decision is the most significant state tax case in the past 25 years and raises new and fundamental issues.