Posts by Jeff Glickman
Ohio and California Address Income Tax Treatment for Sales of Equity Interests in a Business
By: Jeff Glickman, SALT Partner At a glance The main takeaway: Ohio enacted a new law and California issued guidance that could create income tax obligations in those states for nonresidents that sell their partnership interests. Impact on your business: For individuals who are selling their businesses, these updates could potentially create multistate tax issues…
Read MoreColorado Amends its Pass-Through Entity Tax to Expand Potential Benefits
By: Betsy Goldstein, SALT Manager At a glance Schedule a consultation today The full story on the Colorado PTE Tax: On June 23, 2021, Colorado Governor Jared Polis signed HB21-1327, also known as the State and Local Tax Parity Act for Businesses. The legislation established Colorado’s pass-through entity (PTE) tax for tax years beginning on…
Read MoreMassachusetts Rejects State Attempt to Tax Out-of-State Entity’s Gain from Sale of Partnership
By: Jeff Glickman, SALT Partner At a glance The main takeaway: A recent tax court case out of Massachusetts tackles the issue of analyzing the state income tax consequences of selling a partnership interest. Impact on your business: Though the case provides little clarity on how to handle this tax event, it does highlight two…
Read MoreWashington Rules that Nonresident Seller Using Fulfillment by Amazon has Nexus
By: Aspen Fairchild, SALT Senior Associate At a glance Schedule a free consultation today to learn more! The full story: Businesses selling on Amazon using its “Fulfillment by Amazon” (FBA) selling services (or selling via other marketplace platforms) may be faced with unanticipated tax consequences as illustrated by a recent State of Washington Board of…
Read MoreNew York Enacts Tax Credit for Digital Game Developers
By: Jess Johannesen, SALT Senior Manager At a glance The main takeaway: New York has big hopes that a new tax credit, the Empire State Digital Gaming Media Production Credit, will be enough to incentivize the production of gaming media in the state when it goes into effect on January 1, 2023. Assess the impact:…
Read MoreState & Local Tax (SALT) Newsletter June 2022
State & Local Tax (SALT) Newsletter May 2022
https://info.aprio.com/aprio-salt-newsletter-must-know-state-tax-news-for-your-business-3
Read MoreLegislative Tax Updates that New York and Georgia Taxpayers Should Know
By: Jeff Glickman, SALT Partner At a glance Schedule a free consultation today to learn more! The full story: Below is a summary of recent legislation that was enacted in New York and Georgia. New York gives PTEs another bite at the apple for 2022 Did your pass-through entity not make an election – which…
Read MoreState & Local Tax (SALT) Newsletter April 2022
New York Expands Federal Income Tax Benefits for Certain Pass-Through Entity Owners
By: Jeff Glickman, SALT Partner At a glance The main takeaway: New York State enacted legislation amending the state’s pass-through entity tax and establishing a pass-through entity tax for New York City to expand federal income tax benefits available to its residents. Assess the impact: Pass-through entity tax legislation consistently evolves from state-to-state, making it…
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