Taxes
Texas Court Rules That Excavation Equipment Qualifies for Sales Tax Exemption
By: Tina Chunn, SALT Senior Manager At a glance The main takeaway: Manufacturers who are paying sales tax on machinery…
Buying a Business’s Assets? Don’t Ignore State Tax Successor Liability Issues
By: Jess Johannesen, SALT Senior Manager At a glance The main takeaway: Thorough state tax due diligence and analysis are…
3 State and Local Tax Resolutions for 2022
By: Jeff Glickman, SALT Partner At a glance The main takeaway: Addressing state and local tax risks and savings opportunities…
North Carolina Enacts Significant Tax Reform and PPP Borrowers May Be Eligible for a Refund
By: Jeff Glickman, SALT Partner At a glance The main takeaway: The state’s 2021 Appropriations Act carries a few key…
Professional Service Businesses That Also Sell Goods Should Pay Special Attention to Their Sales Tax Obligations
By: Betsy Goldstein, SALT Manager At a glance The main takeaway: A new South Carolina Revenue Ruling addresses the sales…
State Alternative Apportionment Requests: Lessons From a Virginia Ruling
By: Aspen Fairchild, SALT Senior Associate At a glance The main takeaway: Income for state income tax purposes is usually…
Tax Consequences of Renting Your Vacation Home
At a glance The main takeaway: Vacation and second homes have grown in popularity since the pandemic, though there are…
Build Back Better Act – Tax Provisions Impacting Individuals
The Build Back Better legislation is progressing towards a vote in the House in the near future. The legislation has…
Infrastructure Investment Jobs Act and Build Back Better Act: What’s in these Bills and the Impact on You and Your Business
At a glance: The Infrastructure Investment Jobs Act passed by Congress on November 5, 2021 has been sent to President…
IRS Issues Guidance on LLC Tax Exemption
The IRS released guidance on how a Limited Liability Company (LLC) can obtain tax exempt status. Notice 2021-56 states that…