Taxes
California Issues New Ruling on Sourcing Service Revenue, Revokes Prior Guidance
By: Aspen Fairchild, SALT Senior Associate At a glance: Key takeaway: In March, the California Franchise Tax Board issued a…
Qualifying for Section 1202: The IRS Provides Clarity on a Taxpayer’s Eligibility
At a glance The main takeaway: In a Chief Counsel Memo, the IRS concluded that a taxpayer’s business of facilitating…
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…
Does Your Non-US Company Operate in the US? Avoid This Costly Tax Trap
At a glance Key takeaway: The high-profile Adams Challenge ruling has changed the tax playing field for non-US-based organizations that…
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…
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…
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…
Texas Supreme Court Rejects the “Receipt-Producing, End-Product Act” Sourcing Test
At a glance Schedule a free consultation today to learn more! The full story: In our June 2020 SALT newsletter,…
How to Implement an Inflation Playbook
Global economies are facing a major issue — inflation. Reaching multi-decade highs, inflation has dramatically impacted the costs of food,…
GILTI Planning for Closely Held Companies
At a glance The main takeaway: While more foreign income is now subject to current U.S. federal income tax after…