Trends in Sales and Use Tax for Remote Sellers
Click-through or affiliate nexus legislation has become a popular way for states to require certain remote sellers (i.e., internet vendors) to collect sales or use tax on their sales to in-state residents.
Published on February 01, 2013
Accounting Trends & Techniques Products
A description of publications available in the Accounting Trends & Techniques series
Published on July 18, 2014
Recent Trends and Developments in Sales and Use Taxation
Business taxpayers can expect their indirect tax expenses, from both tax outlay and cost of compliance standpoints, to increase over the next year as the state fiscal environment remains bleak.
Published on December 01, 2008
General Guidance for Accountants and Auditors
A description of publications available on general corporations.
Published on January 07, 2015
Split Widens as Courts Hold Basis Overstatement Is Not Income Omission
The ongoing controversy over whether a taxpayer’s overstatement of basis triggers a six-year statute of limitation period continues as the Fourth Circuit and Fifth Circuit both held within days of each other that the extended period does not apply. These decisions are at odds with a Seventh Circuit opinion issued
Published on April 01, 2011
IRS Gives Limited Guidance on Economic Substance
The IRS has provided indications of its plans regarding the codified economic substance doctrine and the enhanced penalty for transactions lacking economic substance in formal guidance to taxpayers and its examiners, as well as in informal statements made by IRS representatives.
Published on December 01, 2010
EGTRRA and JGTRRA Tax Rates Extended for Two Years in Lame Duck Session
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 has provisions from four of the five tax areas that were considered to be important for Congress to address during its “lame duck” session: the estate tax, expiring tax cuts, expired tax provisions, and the alternative minimum tax (AMT).
Published on February 01, 2011
Health Care Reform Adds New Taxes
The Patient Protection and Affordable Care Act (the Patient Protection Act) and the Health Care and Education Reconciliation Act of 2010 (the Reconciliation Act) add a number of new taxes and make various other revenue-increasing changes to the Code in order to help finance health care reform.
Published on May 01, 2010
Decedent Did Not Retain Possession and Enjoyment of Entire Property
The Second Circuit held that the Tax Court clearly erred in finding that the terms of an implied agreement between a decedent and her son provided that the decedent would retain enjoyment of the entirety of a 49% share in a Manhattan brownstone that she had given to the son
Published on October 01, 2010
Expense Does Not Qualify as Compensation but Does Qualify as Theft Loss
The Tax Court held that amounts that an abusive man took from his live-in girlfriend’s business did not qualify as deductible compensation expenses but did qualify as deductible theft losses.
Published on June 01, 2011