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Nexus and Online Sales

July 16, 2014.
Tax Publications

With the Marketplace Fairness Act still pending, many retailers may not be collecting sales tax on their online sales until Congress takes action.  What they fail to note, however, is that companies who have a physical presence nexus in a state are subject to retail sales tax now, and...

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Georgia Broadens Manufacturing Exemption

July 15, 2014.
Tax Publications

On July 1, 2014, Georgia will put into effect a broader scope of items included in the manufacturing exemption for sales and use tax.  House Bill 900 was signed into effect by Governor Deal on April 24, 2014, a copy of which can be found here. What It Entails Consumable supplies are defined in...

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New York State Franchise Tax Sweeping Changes in 2015

July 08, 2014.
Tax Publications

On March 31, 2014, New York Governor Andrew Cuomo signed the most extensive New York state corporation franchise tax reforms in almost four generations. The overall result was to eliminate some of the older elements of the franchise tax and implement rules that are more in line with other major states. Some...

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Alabama Establishes Independent Tax Tribunal

April 16, 2014.
Tax Publications

Alabama has just recently established an independent tax tribunal effective October 1, 2014, replacing its Administrative Law Division which was tied to the Department of Revenue.  See 2014 Alabama House Bill No. 105.  This is significant, as Alabama has attempted to establish this tribunal multiple times in order to improve its tax...

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Senate Finance Committee Passes Bill to Extend Bonus Depreciation

April 10, 2014.
Tax Publications

The EXPIRE Act (Expiring Provisions Improvement Reform and Efficiency) was passed in the Senate Finance Committee on April 3, 2014.  Part of the act included provisions for extending bonus depreciation under Section 168(k). Bonus Depreciation For over a decade, bonus depreciation has popped in and out of the tax code as...

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Virginia Rules Post-Sale Technical Training Development Creates Nexus

March 30, 2014.
Tax Publications

The Virginia Tax Commissioner has recently ruled that an employee’s home office in Virginia, wherein test methods for post-sale training were developed, created nexus for income tax despite the training itself being conducted out of state. (Virginia Public Document Ruling 13-172, 09/19/2013). Facts The taxpayer’s only tie...

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House’s 7 Principles for Internet Sales Tax Bill

March 28, 2014.
Tax Publications

House Judiciary Committee Chairman, Bob Goodlatte, (R-Va.) released seven principles for devising an Internet Sales Tax Bill on September 18.  This is a follow-up to the passage of the Senate legislation in May of 2013.  In a press release, Goodlatte said, "The aim of the principles is to provide a...

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Qualities of a Fair State Tax Administration Part 2 – Even-Handed Statute of Limitations and Interest Rates

March 28, 2014.
Tax Publications

This is the second in a series of posts about the qualities of a fair state tax administration.  These measurements were used by the Council on State Taxation (COST) to analyze each state’s fairness in administering its taxes.  The qualities discussed in this article are even-handed...

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Qualities of a Fair State Tax Administration Part 1 – Independent Appeals

March 27, 2014.
Tax Publications

This is the first in a series of posts about the qualities of a fair state tax administration.  These measurements were used by the Council on State Taxation (COST) to analyze each state’s fairness in administering its taxes.  Their fifth annual report is found here. The...

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Louisiana Enacts Amnesty Program

March 26, 2014.
Tax Publications

The Louisiana Department of Revenue (LDR) has implemented a tax amnesty program applicable to all the taxes they administer except motor fuel taxes and penalties for failing to submit information reports not based on an underpayment of tax. Periods in Which Taxpayers Can File There are two remaining periods in...

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Is Your Company Subject to Sales Tax?

March 25, 2014.
Tax Publications

If your company has recently expanded or begun doing business in a different way, you may have unknowingly triggered an act that subjects you to state or local sales tax. Some of the items that could trigger sales tax nexus include: •    You have opened up offices...

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Drop Shipment Challenges to Sales Tax Compliance

March 20, 2014.
Tax Publications

In sales transactions between two parties, a consumer and a seller, it is generally easy to determine whether to collect sales tax and from whom.  If the seller has nexus and is registered in the consumer’s state, then the seller must collect and remit sales tax in...

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