Taxes
State Alternative Apportionment Requests: Lessons From a Virginia Ruling
By: Aspen Fairchild, SALT Senior Associate At a glance The main takeaway: Income for state income tax purposes is usually…
Tax Consequences of Renting Your Vacation Home
At a glance The main takeaway: Vacation and second homes have grown in popularity since the pandemic, though there are…
Build Back Better Act – Tax Provisions Impacting Individuals
The Build Back Better legislation is progressing towards a vote in the House in the near future. The legislation has…
Infrastructure Investment Jobs Act and Build Back Better Act: What’s in these Bills and the Impact on You and Your Business
At a glance: The Infrastructure Investment Jobs Act passed by Congress on November 5, 2021 has been sent to President…
IRS Issues Guidance on LLC Tax Exemption
The IRS released guidance on how a Limited Liability Company (LLC) can obtain tax exempt status. Notice 2021-56 states that…
Making a Pass-Through Entity Tax Election? Beware: Some Owners May Pay More Tax
By: Jeff Glickman, SALT Partner At a glance The main takeaway: Pass-through entities should use caution if considering a pass-through…
New York Rules that Taxpayer Established Statutory Residency before Becoming Domiciled
By: Aspen Fairchild, SALT Senior Associate At a glance The main takeaway: The actions you take leading up to moving…
Illinois Provides Sales Tax Guidance for Try-Before-You-Buy Subscriptions
By: Tina M. Chunn, SALT Senior Manager At a glance The main takeaway: Subscription models such as “try before you…
Dissecting Maryland’s Sales Tax on Digital Products: Part 1-What is a Taxable Digital Product?
Earlier this year, the Maryland General Assembly overrode the Governor’s veto of House Bill 932 (The 21st Century Economy Fairness…