Posted in Corporate Income Tax, Nexus, State & Local Strategies

2014 Multistate Tax Road Trip – Detour – New York Issues Nonresident Audit Guidelines with Comments on Gaied Decision

As I was finalizing some research addressing a New York nonresident issue, I was pleasantly surprised to discover that the State of New York Department of Taxation and Finance just issued its 2014 Nonresident Audit Guidelines. It appears that these revised guidelines incorporate the State’s view of the ramifications arising from the  recent…

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Posted in Corporate Income Tax, Nexus, State & Local Strategies

2014 Multistate Tax Road Trip – Setting Out On The Dynamic Highway Known As State Tax Nexus – Some Basics For the Nexus Entrance Ramp Discussion

As we launch our 2014 Multistate Tax Road Trip, we will stop periodically at areas that despite their familiarity still warrant our time and attention. Today, we will visit with the concept of nexus. Even in 2014, state tax nexus continues to be a lightning rod for discussion, controversy and concern. Let’s begin our journey with a brief…

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Posted in Corporate Income Tax, Nexus, Personal Income Tax, Sales and Use Tax, State & Local Strategies

States’ Record High Tax Years Beat the Miami Heat To Three-Peat Heaven – What That Could Mean for Multistate Taxpayers

According to the U.S. Census Bureau, state government tax coffers are overflowing. They rose for the third consecutive year to $846.2 billion in 2013, with total state tax revenues increasing by 6.1% over the year before. It’s a safe bet to say states are pleased with their progress and will use every tool in their…

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Posted in Corporate Income Tax, Nexus, State & Local Strategies

New York State Tax “Climate Change” – Higher Taxes Forecast for Multistate Taxpayers

When Governor Cuomo signed New York State’s FY 2014-15 executive budget into law last month, he ushered in sweeping changes to New York’s tax provisions – including some which may increase taxes for Multistate taxpayers. The budget contains several provisions that may benefit multistate taxpayers, especially those who qualify as manufacturers. …

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Posted in Nexus, Sales and Use Tax, State & Local Strategies

Data Mining and Multistate Taxpayers – Welcome to the 21st Century

As budget demands for more revenue intensifies, states are employing sophisticated technology to boost tax dollars –a move which has significant implications for multistate taxpayers. States are increasingly using data mining software to examine current taxpayers, discover new taxpayers, verify taxpayer data, and identify taxpayer inconsistencies.  Coupled with the states’ adoption of aggressive nexus…

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Posted in Nexus, Sales and Use Tax, State & Local Strategies

Is Your Company Determining Its Sales Tax Rate Correctly? Origin vs. Destination Rate Sourcing –The Reason Why Your Company Has Nexus In A State Matters

Understanding the sales tax rate sourcing provisions for states in which you have sales tax nexus is critical in determining the correct sales tax on a transaction.  If you don’t, you could end up charging and collecting the wrong sales tax rate. In general, states employ two sourcing methods, origin and destination.  In states that…

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