Posts by Jeff Glickman
State & 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…
Read MoreAnother California Case Addresses an LLC’s Liability for the State’s Annual LLC Tax
By: Betsy Goldstein, SALT Manager At a glance The main takeaway: If your LLC owns a non-managing, minority interest in a pass-through entity doing business in California, you may be subject to the state’s LLC tax. Assess the impact: When determining if your LLC is required to pay California’s LLC tax, you must consider your…
Read MoreNew York City Enacts Economic Nexus for Corporate Income Tax and Moves Up PTE Effective Date
By: Jeff Glickman, SALT Partner At a glance The main takeaway: Recent legislation amended New York City’s tax code to establish an economic nexus threshold for its income tax on corporations and moved up the applicable year for pass-through entity elections to 2022. Assess the impact: The amendments to the New York City Business Corporation…
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