Sales tax compliance has become increasingly complex as states provide a response to the same sales tax ruling request and reach different views on how to characterize the taxpayer’s offerings for sales tax purposes.
CA addresses stock sale in relation to IRC 338(h)(10)
When a taxpayer sells all or a portion of its business assets, several important state income tax issues regarding the timing of income and apportionment need to be addressed. See how this may impact your business now!
Gross receipts from colocation services subject to WA B&O tax
Whether a transaction is treated as a lease of real property or as a license to use real property may actually result in different state and local tax treatment under Washington’s Business & Occupations tax.
VA ruled storage of raw materials are excluded from property factor
A company’s ownership or rental of real or personal property does not automatically require that such property be included in the property factor for apportionment purposes, as illustrated in this Virginia Circuit Court opinion.
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