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
The Growing Epidemic of Financial Elder Abuse (and What CPAs Can Do About It)
Editor: Albert B. Ellentuck, Esq. The incidence of financial abuse perpetrated against the elderly in the United States is growing to epidemic proportions. Because the elderly are the fastest-growing segment of our population, more and more victims and
Published on April 19, 2010
Tax Treatment of Employment-Related Judgments and Settlements
Recent program manager technical assistance provides a detailed analysis of the IRS’s position on dealing with income and employment tax consequences, as well as appropriate reporting, of employment-related judgment or settlement payments.
Published on November 01, 2009
State Tax Considerations of Passthrough Entities
This column highlights areas of concern regarding state taxation of passthrough entities, including entity classification, conformity to federal tax conduit treatment, and tax reporting obligations.
Published on June 01, 2010
Federal, State, and Local Tax Incentives for Environmental Remediation Costs
This item provides a high-level overview of the most common federal, state, and local tax incentives and a brief update of the federal rules regarding the expensing of environmental remediation costs.
Published on May 01, 2008
The Evolution of Sales Tax Nexus Expansion Laws
Over the past three years, several states have expanded the activities that create sales tax nexus for out-of-state retailers without a physical presence in the state.
Published on April 01, 2012
Fin 48 and State and Local Income Taxes
Scott Salmon, CPA, M.Acc. The required adoption of Financial Accounting Standards Board Interpretation No. 48, Accounting for Uncertainty in Income Taxes (FIN 48), for enterprises with fiscal years beginning after December 15, 2006, has placed increased s
Published on September 01, 2007
Effects of Emergency Economic Stabilization Act Provisions on Individuals
The Emergency Economic Stabilization Act of 2008 provides alternative minimum tax (AMT) relief, energy tax credits, and disaster relief for individuals. It also extends the availability of the exclusion from gross income of discharges of qualifying mortgage debt and several other provisions affecting individuals that had expired at the end
Published on January 01, 2009
Current Corporate Income Tax Developments (Part I)
During 2009, there were many changes in the area of state corporate income taxation. This article focuses on some of the more interesting items in the areas of nexus, tax base, allocable/apportionable income, and Sec. 338(h)(10) transactions.
Published on March 01, 2010
Current Corporate Income Tax Developments (Part II) - 2008
This article covers some of the more important developments in apportionment formulas, unitary groups/filing methods, administration, flowthrough entities, and other significant corporate state tax issues.
Published on April 01, 2008