Taxes
Proposed Regulations for Carried Interest – Is It Time to Analyze Business Strategies?
When the Tax Cuts and Jobs Act of 2017 introduced the new carried interest rules through IRC Section 1061, it…
IRS 2019 tax correspondence delays – what you should do.
Did you make a tax payment via check leading up to the 7/15 extended IRS due date? Many taxpayers did….
Georgia Enacts Significant Procedural Changes to the Film Tax Credit
On August 4, 2020, Governor Kemp signed into law H.B. 1037, which enacts significant procedural changes to the state’s film…
Georgia and Arkansas Issue Opposite Sales Tax Rulings for Owner of Electric Car Charging Stations
A taxpayer received opposite rulings from Georgia and Arkansas regarding the applicability of sales tax on charges to customers that…
Tennessee Ruling Concludes that Certain Audio and Visual Services Constitute Taxable Digital Products
A recent Tennessee Revenue Ruling explains the application of the state’s sales tax on digital products to the taxpayer’s audio/visual…
New York Concludes that Loss on Liquidation of Partnership is Not New York Source Income
New York has a unique rule for nonresident individuals regarding the sourcing of gain/loss on the sale of equity interest…
Missouri Court Applies Integrated Plant Doctrine to Manufacturing Exemption
States typically provide exemptions for manufacturing machinery and equipment, include repair and replacement parts, but the breadth of those exemptions…
CARES Act Triggers Maryland’s Automatic Decoupling
On June 12, 2020, the Maryland Comptroller issued its report to the Governor and General Assembly regarding the impact of…
Texas Court Concludes That Sirius XM’s Subscriber Revenue is Sourced to Subscriber Location
In states that apply the “income-producing activity” or “services performed” rule for sourcing service revenue, the most important question is…
Idaho Supreme Court Rules That Gain from Sale of LLC Interest is Not Idaho Income
Whether or not two companies are engaged in a unitary business is based on particular facts and circumstances, and the…