State and Local Tax

State & Local Tax (SALT) Newsletter November / December 2020

https://info.aprio.com/read-aprios-november-december-2020-salt-newsletter

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Tennessee Issues Ruling on Survival of Net Operating Losses After Merger

When engaging in corporate mergers and acquisitions, including internal reorganizations, it is important for companies with state tax benefits, such…

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New York Rules that Fees for Access to an Online Course Library are Not Subject to Sales Tax

With the rise in online learning, businesses offering these products and services need to be aware that the features offered…

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Ohio Court Holds that Taxpayer’s Receipts from Sale of Ohio-Based Contracts are Not Ohio Receipts

State revenue sourcing rules for services and intangibles often don’t provide clear answers. It’s important to analyze your transactions carefully…

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New York Ruling Addresses Sales Tax on Single Charge for Software and Services

When a business provides multiple products/services, each one must be separately analyzed to determine taxability for sales tax purposes. If…

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Do You Know Where Your Employees Are?

Do you need a payroll tax review? As if complying with payroll-related taxes isn’t difficult enough, with telecommuting becoming the new…

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IRS Approves Deduction for Entity-Level Income Tax Payment Made by Pass-Through Entities

In response to the $10,000 SALT deduction limitation under the Tax Cuts and Jobs Act, several states enacted pass-through entity-level…

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Partner is Subject to California $800 LLC Fee Based on Flow-Through of Partnership Factors

When determining if a limited liability company is doing business in California and owes the $800 LLC Tax, it must…

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Maryland Pass-through Entity Election Can Create Additional Federal Income Tax Deduction

Maryland residents that own a pass-through entity (i.e., partnership or S corporation) can create an additional federal income deduction by…

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State & Local Tax (SALT) Newsletter October 2020

https://www.aprio.com/media/newsletters/SALTnews-10-20.html

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