Insights

Tax Publications

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...

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...

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...

Unclaimed Property: Delaware Receives a “D-” Score

March 16, 2014.
Tax Publications

Delaware, “the first state”, may be called the “worst state” when it comes to grades for unclaimed property laws. The Council on State Taxation (COST) recently assigned a D- to the state. The full report is found here. Unclaimed property laws were originally implemented...

COST Publishes Best & Worst of State Tax Administration Scorecard

March 16, 2014.
Tax Publications

The Council on State Taxation (COST) recently published their fifth annual scorecard on the Best & Worst of State Tax Administration. Maine and Ohio take top honors as “A” rated states. California and Louisiana come in last with D minuses, and Pennsylvania showed the most improvement in 2013,...

Decision to Strike Down Colorado’s “Amazon Law” Thrown Out by Tenth Circuit

March 06, 2014.
Tax Publications

Background Colorado established a sales tax law (Colo. Rev. Stat. §39-21-112(3.5)) requiring any retailer selling $100,000 or more of products to customers located in Colorado who does not collect and remit sales tax in Colorado to: 1) Notify the purchaser of their obligation to report and pay use tax, 2)...

Internal Revenue Service Appoints New Deputy Commissioner

March 01, 2014.
Tax Publications

New Commissioner The Internal Revenue Service announced on August 26, 2013 the appointment of a new Deputy Commissioner for Services and Enforcement. John M. Dalrymple has been with the IRS for 31 years and started his new role on September 16, 2013. He has previously served as IRS Deputy Commissioner for Operations Support...

California Manufacturing Exemption

March 01, 2014.
Tax Publications

In an effort to drum up business development in the Golden State, California sales and use tax will be exempted from the gross receipts of businesses that sell, use, or consume tangible personal property (TPP) via manufacturing, processing, refining, fabricating, research and development, certain contracting usage, and sale or purchase...

Consumer Use Tax – A Primary Target of Auditors?

February 16, 2014.
Tax Publications

Even though your business may have a good handle on charging its customers the correct amount of sales tax on all taxable transactions, your business purchases may not face the same amount of scrutiny. This gap may lead to problems. In fact, California found that for the 2011-2012...

New York Readopts Emergency Rule to Enact Excelsior Jobs Program

December 26, 2013.
Tax Publications

The Department of Economic Development has readopted emergency rule 5 NYCRR Parts 190 through 196, effective November 13, 2013, to implement the Excelsior Jobs Program. This program adds definitions, procedures to claim the credit, and incorporates other changes and amendments to strengthen the program. Excelsior Jobs Program In a Nutshell The Excelsior Jobs Program...

Are CFO’s Overlooking Free Money?

December 13, 2013.
Tax Publications

Knowledge of Tax Credits & Incentives Lacking among CFO’s A recent survey conducted by Ernst & Young found that there is a large gap between what a business’ tax executives know about incentives and what its CFO knows. CFO Magazine indicates that 36 percent of the respondents...

Sales Tax Voluntary Disclosure Agreements

December 10, 2013.
Tax Publications

Oops! You’ve just started at a business and determined that they have had nexus in a jurisdiction for years but never registered or collected sales tax there. What do you do? Fortunately, most states allow for a voluntary disclosure agreement (VDA) to entice companies to...