Taxes
The Business Interest Deduction Limitation
Taxpayers filing their tax returns for tax years beginning after December 31, 2017 will need to adhere to the business…
What You Need to Know about Virginia’s New Sales & Use Tax Collection Requirements
Many states have updated their laws since the Supreme Court issued its South Dakota v. Wayfair decision in June 2018…
IRS Releases Regulations Affecting Contributions to State Tax Credit Programs
By Rob Stroud, Senior Tax Manager, and Keith Little, Senior Tax Associate For several years, various programs have been popular…
United States Supreme Court Holds That State May Not Tax Trust Due Solely to Resident Beneficiary
The Court’s unanimous decision, while expressly limited to the specific trust at issue, provides taxpayers with opportunities to obtain state…
U.S. Government Contractors and Cross-Border Payroll Tax Issues
The cross-border global expansion of business activities continues to increase exponentially in the US government contracting industry. Many government contracting…
Texas Rules That Taxpayer is Providing Taxable Data Processing Services
Whether a particular service should be classified for sales tax purposes as an exempt information service or a taxable data…
Alabama Supreme Court Holds That Custom Software Is Taxable
The Alabama Supreme Court ruled that custom software is taxable (reversing over 20 years of guidance from the state) and…
New Jersey Issues Guidance for Mandatory Unitary Combined Reporting
As part of a major corporate tax overhaul, New Jersey enacted mandatory combined unitary reporting for taxable years ending on…
Wayfair and Nexus: The Aftermath, Part 5 – Aggregation and Local Issues
To celebrate the one-year anniversary of the Wayfair decision, this article addresses recent guidance from Virginia on its aggregation rules…
Inherited an IRA? It’s Not Always 100% Taxable
Beneficiaries of an inherited individual retirement account (IRA) are typically not privy to the income tax filings of the decedent….