Taxes
Maryland’s RELIEF Package Provides Sales Tax Credit for Small Businesses of up to $12,000
On February 13, 2021, the Maryland legislature approved Governor Larry Hogan’s Recovery for the Economy, Livelihoods, Industries, Entrepreneurs and Families…
International Tax M&A Due Diligence for U.S. Government Contractors
Many US government contracting companies are continuing to expand their global footprint by performing contracts in other countries. The opportunity…
When to File CFC Interest Expense Limitation Elections
The TCJA U.S. Federal tax reform legislation enacted a business interest expense limitation applicable to U.S. taxpayers. The new rules…
Arkansas Legal Opinion Highlights the Treatment of Services Provided with the Sale of Property
When a seller of goods also provides services in connection with its product sales, those services may be subject to…
Does Participation at a Trade Show (Post-COVID) Create Sales Tax Nexus?
Hopefully, in a post-COVID world, in-person trade shows will give businesses an opportunity to market and display their goods and…
S Corporation Acquisitions with Foreign Target Corporations
There are a couple of different structuring options for the acquisition of an S corporation. A buyer that is a corporation…
Maryland’s Pass-through Entity Tax Election: Is There a Benefit for Restaurants, Hotels, Distributors and Retailers?
Recent IRS and Maryland publications have provided additional guidance and clarification on Maryland’s pass-through entity (PTE) tax election. The election…
Important Changes to 1099 Filing Process
The IRS has made changes to the annual 1099 filing process that most employers have become accustomed to. These changes…
Missouri Issues Ruling on Taxability of Purchased and Stored Gift Cards
Even though the sale of gift cards to consumers is not subject to sales tax since those transactions are treated…