Taxes
Alternative Tax Strategies for the Qualified Improvement Property “Glitch”
The road to tax reform was paved with good intentions. The Tax Cuts and Jobs Act (TCJA) produced the most…
Wayfair and Nexus: The Aftermath – Part 4
As states continue to issue guidance on their Wayfair rules, we are beginning to see the slight differences among them…
Louisiana Denies Claim of Overpaid Sales Tax from Rewards Program Transactions
This Louisiana Court of Appeals decision highlights the sales tax impact of discounts, including rebates and coupons, which can vary…
Washington Rules That Pharmacy Benefit Service Provider’s Revenues are Subject to B&O Tax
A Washington Court of Appeals opinion explains how the status of a third party as an agent or independent contractor…
New Georgia Law Expands Tax Credits in Rural Counties and Oregon Enacts New Business Tax
Recent legislation in Georgia expands certain tax credits for taxpayers locating in designated rural counties, and Oregon enacts a new…
Employer-Owned Life Insurance Policies: Tax Treatment & Reporting Requirements
In the past, money received through a life insurance contract, paid by reason of the death of the insured, were…
Artificial Intelligence to Help Resource-Strapped IRS More Efficiently Identify Tax Crimes
Tax criminals, beware: like the hosts in Westworld, the Internal Revenue Service (IRS) is becoming sentient! The IRS is now…
IRS Issues Guidance Explaining Inclusion in Federal Gross Income of State and Local Tax Refunds
With new rules under federal tax reform, such as the $10,000 itemized deduction limitation for state and local taxes, the…
Wayfair and Nexus: The Aftermath – Part 3
Indiana issued much-needed guidance to address which sales are used to calculate the economic nexus revenue threshold (other states need…