Alabama Supreme Court holds that all software, canned and custom, is tangible personal property subject to sales tax Alert | Jun 14, 2019 More About | Tax | State & Local Tax | Risk & Regulatory In a landmark sales tax case in Alabama, the Alabama Supreme Court (the Court), in a 5-3-1 decision, found that all software, whether canned (i.e., prewritten software) or custom, is tangible personal property subject to sales tax. See Ex parte Russell County Community Hospital, LLC, Ala. S. Ct., Case No. 1180204 (May 17, 2019). Read More
IRS Revenue Ruling 2019-11 Clarifies Tax Treatment of State and Local Tax Refunds with New SALT Limit Alert | Apr 12, 2019 More About | Tax | State & Local Tax | Tax Reform | Risk & Regulatory On Friday, March 29, the Internal Revenue Service (IRS) issued Revenue Ruling 2019-11 (the Ruling), providing guidance on the treatment of state and local tax refunds received when a tax deduction was claimed for those taxes in a prior year. This guidance is relevant with respect to the itemized deduction cap on state and local tax taxes. The ruling provides four examples illustrating when a SALT refund should be included in federal taxable income. The IRS also noted that the Ruling does not impact state or local tax refunds received in 2018. Read More
Wayfair and the Impact on Technology Companies Publication | Mar 11, 2019 More About | Technology & Life Sciences | State & Local Tax | SALT Nexus With the vast changes in sales tax requirements among states due to the impact of Wayfair, technology companies should consider how this will apply to them. The summary below discusses how this could impact businesses throughout the U.S. Some of the issues most applicable to the technology industry include: Read More
Wayfair’s Impact on States’ View of Nexus & Potential Sales Tax Burden on Technology Companies Webinar Recording | Virtual - Webinar More About | Atlanta, GA | Technology & Life Sciences | State & Local Tax | SALT Nexus The South Dakota vs Wayfair ruling leaves many companies with a greater sales tax compliance burden and can impact both sales and purchases. With each state’s requirements varying widely, technology companies will need to dedicate more time and resources to meet states’ taxability and reporting requirements. Read More
Wayfair – The Impact on Manufacturers Webinar Recording | Webinar More About | Manufacturing & Distribution | Tax | State & Local Tax | SALT Nexus The recent South Dakota vs Wayfair ruling will leave companies with a greater sales tax compliance burden and can impact both sales and purchases. Read More
Year End Tax Planning for Private or Small Businesses and Individuals Webinar Webinar Recording | Webinar More About | Generational Wealth Planning | Estate Tax Credits | Mergers & Acquisitions | Tax | Federal Corporate Tax | Tax Accounting | International Tax | Real Estate Tax | State & Local Tax | Cost Segregation | Sales and Use Tax | Research & Development Tax Credits | Transfer Pricing | Accounting Methods | Executive Compensation | Performance & Growth Year End Tax Planning for Private or Small Businesses and Individuals Webinar Read More