Taxes

Inflation Tax Planning for Companies with Inventory

At a glance The main takeaway: Consumers and businesses alike are facing inflation not seen in decades, with companies often…

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State & Local Tax (SALT) Newsletter April 2022

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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…

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Ohio Court Rules that Charges for Accounting Software are Subject to Sales Tax

By: Jess Johannesen, SALT Senior Manager At a glance The main takeaway: A recent Ohio court opinion analyzed why a…

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North Carolina Provides Guidance on Application of Marketplace Facilitator Rules

By: Betsy Goldstein, SALT Manager At a glance The main takeaway: A private letter ruling in North Carolina illustrated that…

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Texas Supreme Court Rejects the “Receipt-Producing, End-Product Act” Sourcing Test

At a glance The main takeaway: Some taxpayers may be eligible for a refund after the Texas Supreme Court rejected…

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State and Local Tax (SALT) Newsletter March 2022

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California Opinion Addresses Implications of Stock Sale and Election Under IRC 338(h)(10)

At a glance The main takeaway: The state of California determined that a sale of stock sale with an election…

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Virginia Ruled That Raw Materials Stored in State are Excluded from the Property Factor

At a glance The main takeaway: A taxpayer and the state of Virginia debated over the meaning of “used” as…

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Taxpayer’s Gross Receipts from Colocation Services are Subject to Washington B&O Tax

By: Jess Johannesen, SALT Senior Manager At a glance The main takeaway: The distinction between a taxpayer licensing the use…

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