State & local tax (SALT)

TOPICS / TAX

December 14, 2017

A 2017 federal tax deduction for prepaying anticipated 2018 state income taxes? Not likely!

In anticipation of the possible elimination or reduction of the state and local income tax deduction, some are suggesting that taxpayers should prepay their 2018 state taxes in 2017. Here’s why that probably won’t work.

July 1, 2017

Factor presence nexus: A growing trend in state taxation

A lack of state rulings on its constitutionality has not slowed the number of states adopting the factor presence nexus theory of asserting taxing authority.

June 1, 2017

The growing trend of soda taxes

Policies to curb consumption of sugary soft drinks spur wave of new excise taxes.

April 1, 2017

How to manage sales and use tax risk

A business can avert potential disasters by engaging an external review of its sales and use tax management and compliance responsibilities.

March 1, 2017

State issues with the new federal partnership audits

The AICPA leads effort to promote state-level uniformity.

September 1, 2016

Risk management: Worth its SALT

These tips will help practitioners manage the professional liability risks stemming from state and local tax issues.

April 13, 2016

Ways to make tax compliance less of a nightmare for small business

Troy Lewis, chair of the AICPA’s Tax Executive Committee, testified in favor or the Mobile Workforce State Income Tax Simplification Act.

February 23, 2016

Colorado’s use tax notice and reporting law is constitutional, Tenth Circuit holds

The court held that the law does not discriminate against out-of-state retailers.

February 11, 2016

Congress enacts permanent ban on state and local internet taxes

Thursday, the Senate approved a bill making the Internet Tax Freedom Act’s ban on state and local taxes on internet access permanent.

August 1, 2015

Supreme Court invalidates Maryland’s personal income tax structure

Lack of a state tax credit for a ‘county’ tax is held to violate the dormant Commerce Clause.

June 1, 2015

Refundable state business tax credits are income

Refundable state income tax credits designed to promote economic development are taxable income to the recipients.

March 3, 2015

Supreme Court holds trade association can challenge Colorado’s Amazon law

The U.S. Supreme Court held that federal law does not prevent a trade association from suing Colorado to prevent enforcement of a law that requires out-of-state retailers to report sales to Colorado purchasers.