Posts by Jeff Glickman
January 2023 SALT Newsletter
States Issue Guidance Addressing Tax Treatment of Cryptocurrency and Non-Fungible Tokens (NFTs)
By: Jeff Glickman, SALT Partner & Mitchell Kopelman, National Tax Practice Co-Leader, Technology and Blockchain Leader At a glance Schedule a free consultation today to learn more! The full story: In our July 2022 SALT Newsletter, we summarized guidance issued by Pennsylvania and Washington regarding the tax treatment of non-fungible tokens (NFTs). Below is a brief summary…
Read MoreState & Local (SALT) Newsletter November & December 2022
Washington Addresses Nexus and Sourcing of Service Revenue in Two Recent Determinations
By: Aspen Fairchild, SALT Senior Associate At a glance Schedule a free consultation today to learn more! The full story: The Washington Department of Revenue (Department) addressed the issue of service revenue apportionment for Business and Occupation (B&O) tax purposes in two recent determinations. Like some other states’ business taxes, Washington’s B&O tax has an…
Read MoreWedding Photographer’s Sale of Digital Photos on Flash Drive Not Subject to Mississippi Sales Tax
By: Camille Gregory, SALT Senior Associate At a glance Schedule a free consultation today to learn more! The full story: The Mississippi Supreme Court (Court) issued a decision in which it ruled that a wedding photographer was not subject to sales tax for providing digital photography packages to customers.[1] Take a closer look at the…
Read MoreWisconsin Requires Nonresident Withholding in Year of Income Despite Prior Year Losses
By: Jeff Glickman, SALT Partner At a glance Schedule a free consultation today to learn more! The full story: When conducting due diligence on a target, the second most common issue that we address for non-compliance exposure (after sales tax) is nonresident pass-through withholding tax. States generally require pass-through entities to pay withholding tax on…
Read MorePennsylvania Rules that Presence of Amazon FBA Seller’s Inventory Does Not Create Nexus
By: Aspen Fairchild, SALT Senior Associate At a glance Schedule a free consultation today to learn more! The full story: The Commonwealth Court of Pennsylvania recently ruled in favor of a taxpayer, determining that the Fulfillment by Amazon (FBA) seller’s sole contact with Pennsylvania consisting of the presence of marketplace inventory is not sufficient to…
Read MoreState & Local (SALT) Newsletter October 2022
State & Local (SALT) Newsletter September 2022
Texas Rules that Net Proceeds from Inventory Hedging Transactions are Included in Apportionment
By: Aspen Fairchild, SALT Senior Associate At a glance The main takeaway: In Texas, taxpayers are required to include the net proceeds from their inventory hedging transactions in the denominator of their gross receipts factor, since inventory hedging is not treated the same as physical inventory. Assess the impact: It’s important to apply the appropriate…
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