United States
Taxpayer permitted alternative apportionment when calculating Michigan sourced income from the sale of an out-of-state business.
Services performed in Detroit for clients located outside the city should be sourced to Detroit for purposes of the city’s income tax.
Favorable classification available for retailers selling private label products and consumer products companies using contract manufacturing
Amended rules address apportionment and allocation of income from partnership interests owned by corporate partners.
Minnesota passes tax bill enacting numerous changes to the individual income tax, corporate business tax, and sales and use tax.
S-corporations doing business in California and that have NRBIGs are required to apportion those gains to California. However, taxpayers and tax ...
Commissioner prohibited from applying alternative apportionment after failing to show statutory formula did not reflect Minnesota income.
For California purposes, section 382 applies on a pre-apportionment basis, RBIGs, NUBIGs, RBILs and NUBILs on a post-apportionment basis.
Private equity companies have become inundated with state income tax issues as portfolio company investments have shifted to partnerships and LLCs.
The Missouri Supreme Court rules that title transfers for sales tax purposes when goods are shipped out-of-state F.O.B. manufacturer.
Actions taken by the IN Department of Revenue blur lines when apportioning services receipts, creating potential traps and opportunities.
The California FTB has approved a staff request to finalize proposed changes to the state’s sales factor market-based sourcing rules.
Tax law changes in Massachusetts will challenge engineering and architectural companies, especially with respect to market-based sourcing.