Posted in State & Local Strategies, Corporate Income Tax, Personal Income Tax, Property and Other State/Local Tax Issues

Is the U.S. Supreme Court Wynne Decision A Winner For You – Not Just For Maryland Residents?

In a recent decision, the U.S. Supreme Court held that Maryland’s failure to allow a credit against the local portion of Maryland personal income tax for taxes paid to another state was unconstitutional. The decision, Comptroller of the Treasury of Maryland v. Wynne, May 18, 2015, lay the groundwork for potential refund opportunities…

Read More
Posted in State & Local Strategies, Income and Franchise, Personal Income Tax, Property and Other State/Local Tax Issues, Sales and Use Tax

New York State Tax Department Switches Banks – Affecting Taxpayers with Debit Blocks on Their Accounts

The New York State Tax Department is switching banks – and that should make you sit up and take notice if you or your clients use debit block services to electronically pay one or more New York State taxes. You only have until June 25, 2015 to contact your bank and have them add…

Read More
Posted in State & Local Strategies, Nexus, Property and Other State/Local Tax Issues

Polar Vortexes and November Blizzards – Time to Winterize Your Multistate Tax Machine

It is not even Thanksgiving, but already as the news reported yesterday, US braces for more icy temperatures and snow as ferocious storm lingers.  Many years ago I adopted an approach for dealing with Northeast winters.  My approach centered around assessment, preparation and planning.  I called it “winterizing.” My son…

Read More
Posted in State & Local Strategies, Property and Other State/Local Tax Issues, Sales and Use Tax

State Income and Sales Tax Info Requests Get More Demanding – How Ready Are You For an Exam?

State tax exam information requests are increasingly becoming more comprehensive and demanding. We’ve noticed a disturbing trend with our clients who maintain  their records electronically.   States, in their information document requests, are requesting that those businesses supply all transaction data for the entire period covered by the exam; i.e. data regarding every transaction, every check…

Read More
Posted in State & Local Strategies, Property and Other State/Local Tax Issues, Sales and Use Tax

State Tax Coffers are Filling Up – How They’re Doing It

The U.S. economy is still in the doldrums, but states had a banner year in 2012. How did they do it? Simple answer? They leveraged everything in their power to bring new tax revenue into their coffers. How? By relying on new enhancements to existing tax collection procedures. By leveraging advanced technological approaches to identifying…

Read More
Posted in State & Local Strategies, Nexus, Property and Other State/Local Tax Issues, Sales and Use Tax

Welcome To SALT Strategies

Welcome to SALT Strategies.  It is with significant effort, some trepidation and great optimism that we launch this blog.   SALT Strategies will be prepared by the dedicated State and Local Tax Group at CPA and business advisory firm Margolin, Winer & Evens LLP. We are professionals with decades of  experience in providing state and local tax consulting…

Read More