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L. 2023 HB558 (Act 375) – Centralized Remittance and Reporting of Local Sales and Use Tax The Uniform Local Sales Tax Board (ULSTB) has been tasked with setting up a uniform return and remittance system where a taxpayer can file returns and deposit all local sales/use taxes electronically within a single portal. [read post]
30 Aug 2023, 5:41 am by Jeff
Be it individuals or corporations; experienced practitioners possess extensive insights into federal, state, local, even sales taxes enabling them to offer comprehensive tailored advice for each client’s unique situation. [read post]
25 Jul 2013, 3:00 am by LindaMBeale
  My list would include considering the following:  Get rid of captive reinsurance companies and other transfer pricing silliness that allows MNEs to avoid US taxation, such as with legislation that refuses to recognize a sale of intellectual property to an offshore affiliate. [read post]
23 Feb 2018, 2:16 pm by Richard Symmes
Meaning, if you itemize deductions on your taxes, you will be able to deduct your state individual income, sales and property taxes up to a limit of $10,000, but you’ll have to choose between property tax and income or sales tax. [read post]
23 Feb 2018, 2:16 pm by Richard Symmes
Meaning, if you itemize deductions on your taxes, you will be able to deduct your state individual income, sales and property taxes up to a limit of $10,000, but you’ll have to choose between property tax and income or sales tax. [read post]
20 Jul 2021, 12:24 am by Chris Manes
For this reason, it’s critical that nonresidents who do not file California tax returns, never use a California address for any K-1, 1099s, W-2, etc. [read post]
11 Oct 2021, 4:54 am by Franklin C. McRoberts
In that case, the Court clarified Matter of Bhanji, its earlier decision declining to apply tax estoppel. [read post]
10 Feb 2021, 6:00 am by Kevin Kaufman
Using a stylized hypothetical, this paper explores the extent of that uncertainty, highlighting the implications of this ambiguity for taxpayers. [read post]
19 Nov 2021, 7:00 am by Mike Habib, EA
To make matters even more complicated, some deductions or exemptions pertain to certain situations- not just the general public. [read post]
10 Oct 2017, 5:39 pm by LindaMBeale
  Just a quick review of the way the proposed tax cuts exclusively or primarily benefit the ultra wealthy: elimination of the estate tax, which taxes fewer than 2% of the estates, those that have in excess of $11 million (the couples' exempt amount) and haven't used the various trusts and family partnerships to let even more estate value escape tax through valuation gimmicks Not waiting on the tax cut proposal, Trump's… [read post]
14 Sep 2011, 2:00 am by LindaMBeale
There is a reason that vast numbers of Americans are misinformed about tax matters, the role of the debt ceiling, the solvency of Social Security, the relative distribution of incomes, the relative rates of taxation, and the share of [read post]
26 Aug 2020, 12:44 pm by Daniel Shaviro
Examples include the following: a) Unitary taxation of the entire worldwide corporate group, with some method such as sales-based formulary apportionment (FA) being used to determine what group income arises where. [read post]
13 Dec 2018, 3:33 pm by Marco Rossi
However, a tax treaty’s tie breaker rules cannot be used to overcome Italian tax residency, as determined under Italian internal law, and claim the special tax regime. [read post]
17 Feb 2010, 3:31 am
The decision illustrates that as a matter of law, the confusion in this area is on its way to being cleared. [read post]
4 Mar 2015, 11:35 am by Daniel Shaviro
  On the one hand, U.S. citizens living abroad aren’t using the roads, etc. [read post]
8 Jul 2009, 3:56 am
A somewhat tax professional myself (I deal in state taxes), I am constantly asked Federal Tax questions and use your blog as an aid! [read post]