Taxes
Virginia Amends Residency Definition for Estates and Trusts
On February 15, Virginia amended its estate/trust residency statute by removing one of the definitions used to determine whether an…
Tax Saving Strategy: Hire Your Kids
One often overlooked tax saving strategy is to hire your children to work for your business, assuming they can legally…
Georgia Adopts Partnership Audit Procedure Regulations Similar to the New IRS Rules
Georgia has adopted regulations to provide further guidance on last year’s legislation establishing partnership audit rules similar to those enacted…
Taxpayer’s Invoicing Methodology Leads to Alabama Sales Tax Exposure
In cases where a business is selling both taxable goods and non-taxable services, sales tax may be due on the…
New York City Rules That Tax Gain from Sale of Partnership Interest is Subject to Corporate Tax
When a taxpayer sells an equity interest in a business, the gain from that sale may be taxable in the…
Washington Advises on Tax Treatment of Alarm Monitoring Services
As changes in technology intersect with changing sales tax rules, businesses may find themselves subject to new or different sales…
Tax Reform: Why the Right Business Structure Is Vital for Tech Startups
The business entity you choose when starting a new company is more important than ever before in the wake of…
Illinois Provides Guidance on Computer Software Licensing Agreement Signature Requirement
Illinois’ state tax exemption for software licenses requires, among other things, that there be a signed written agreement between the…
Iowa Supreme Court Ruled That Lowe’s Installation Services May Be Taxable
Failure to properly analyze how a service may be classified for sales tax purposes can lead to unexpected liability as…
California Rules That Delivery of Goods in Taxpayer’s Trucks Satisfies P.L. 86-272 Nexus Protection
A federal law limiting income tax nexus allows companies to engage in certain solicitation activities in a state without having…