Taxes
States Begin Applying Wayfair Decision to Income Taxes
Many states have been slow to change their income tax nexus rules to comply with the more aggressive sales and…
Massachusetts Will Allow Residents to Claim Tax Credit for the Connecticut Pass-Through Entity Tax
Massachusetts issued a draft directive that will permit resident members of pass-through entities that pay the new Connecticut Pass-Through Entity…
Texas Rules That Online Game is Subject to Sales Tax
A recent Texas decision imposing sales tax on charges for online games highlights the difficulty of applying old sales tax…
Georgia Department of Revenue Issues a Potpourri of Income Tax Guidance
The Georgia Department of Revenue issued guidance on GILTI and FDII as well as the impact of the United States…
Tennessee Provides Sales and Use Tax Guidance on Internet Database Services
Tennessee issued a private letter ruling concluding that the taxpayer’s web-based database access service was not taxable as either a…
Should I Change My Grantor Trust to a Nongrantor Trust?
In recent years, grantor trusts have been a popular method used by taxpayers in an effort to protect some of…
Estate Tax vs. Inheritance Tax: What’s the Difference?
Many taxpayers understand that when they die, assets belonging to their estate could be subject to a federal estate tax….
What Happens When a QPRT Ends?
Homeowners who want to minimize their future estate taxes and transfer their home to their children might consider setting up…
Wayfair and Nexus: The Aftermath, Part 6 – No More Cookies and Thresholds
Kansas’ Governor vetoed the state’s proposed Wayfair sales tax economic nexus legislation, but then the Kansas Department of Revenue issued an administrative…
Hawaii Enacts Economic Nexus Threshold for Income Tax and Other Significant Tax Legislation
Hawaii became the first state to enact a Wayfair economic nexus provision for income tax purposes, and this may be…