
State Tax Oktoberfest 2014 – Timing is Everything For State Tax Amnesty Programs
For many reasons, October is one of my favorite months. It marks the last of the year’s tax “busy season.” Fall Foliage throughout the region is coming into full color and there are excellent Oktoberfest feasts to enjoy. As I reviewed my projects for the post October 15th season, however, I became increasingly aware…
Read MoreIn Search of a New Jersey Gross Income Tax Treasure – Don’t Forget the Alternative Business Calculation Adjustment
Searching for opportunities to reduce our clients’ New Jersey Gross Income Tax costs in the midst of the closing days of our 2014 tax busy season, we revisited one of New Jersey’s relatively recent legislative changes – the Alternative Business Calculation Adjustment. The inability to offset income and losses occurring in different business categories…
Read MoreFrom Zero to 100 on the Pennsylvania BAP Highway
In the midst of our busy season, we have come across a recurring issue with Pennsylvania RCT-101 Corporate Tax Reports which could lead to a tax due notice for companies with zero apportionment in the state. In several instances where a return has been filed that has zero business apportionment, Pennsylvania has adjusted the apportionment to…
Read MoreMust Reads For Your Summer Leisure – New York Hits The Shore With A Wave of Sales Tax Bulletins and Advisories
Each year the joy of Summer seems to more quickly pass into the demands of the Fall. Perhaps your summer, like mine, is a coveted time to catch up on non-technical reading. However, last week the New York State Department of Taxation and Finance issued approximately 15 Sales Tax Technical Bulletins and several Technical…
Read More2014 Multistate Tax Road Trip – New Jersey Budget May Create Tax Traffic Headaches for Multistate Taxpayers
New Jersey’s Fiscal 2015 Budget, signed by Governor Chris Christie on June 30, 2014, includes Assembly Bill 3486 which contains tax provisions that may increase multistate taxpayers’ New Jersey income taxes. In addition, the bill includes “click-through” nexus provisions that may impose New Jersey sales tax nexus upon non-New Jersey…
Read More2014 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…
Read More2014 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…
Read MoreState Tax Consulting – Our 2014 Multistate Tax Road Trip: Itinerary and Rules of the Road
The unofficial start of summer 2014 is upon us with the celebration of Memorial Day this weekend. Summer, with its beautiful long days, is the perfect season for exploration . For the past 25 years summer has meant one thing to me: Road Trip! Road trips have always given me an opportunity to refresh…
Read MoreStates Orchestrating Intricate Tax Opus that Can Eventually Ensnare Most Multistate Taxpayers
It’s often the case that we get so caught up in our daily work that we neglect to step back and fully discern the magnitude of a developing situation. After drafting the past several posts, I realized that a disconcerting pattern was being composed in front of my eyes – one that warrants all multistate…
Read MoreStates’ 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…
Read MoreA Company Jet Could Send Your State Taxes Soaring
Got a company jet ready to fly you anywhere at a moment’s notice? The benefits of such a perk are significant. But did you know that leasing or owning a company jet could increase your state taxes? While there is plenty of guidance on the most tax efficient way to acquire or initiate…
Read MoreNew 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. …
Read MoreCould You Be Liable Under NY’s Recent “Bulk Sale” Guidance – Even if You’re Not a Buyer?
The implications of New York State’s guidance on bulk sales may have far-reaching consequences and could result in personal liability for the “buyer” – even in a transfer that is technically not a “sale.” In June of 2013, nearly 30 years after New York issued its seminal guidance on bulk sales in Read More
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…
Read MoreIs 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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