Insights

State & Local Tax (SALT)  |  By Chris Vignone, MBA

News From the Salt Minds-March 10, 2014-The Impact of California Prop 39

Summary. As accountants begin to prepare corporate income tax extensions this month many are realizing that clients with revenue from services or intangibles may be subject to California franchise (income) tax starting in 2013. This is a result of...

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State & Local Tax (SALT)  |  By Chris Vignone, MBA

News From the SALT Minds-March 4, 2014

Summary.   New Jersey is offering two new voluntary disclosure initiatives for partnerships with New Jersey sourced income that have not remitted the taxes due and for companies that have received income from the use of intangible assets in New...

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State & Local Tax (SALT)  |  By Chris Vignone, MBA

News From the SALT Minds-Feb 20, 2014

Summary.   New York State recently released an advisory opinion relating to the substitution of tangible personal property for real property between an individual and an irrevocable trust of which the petitioner retains non fiduciary control. The...

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State & Local Tax (SALT)  |  By Chris Vignone, MBA

News From the SALT Minds-Dec. 4, 2013

Summary.  The United States Supreme Court has denied certiorari in Overstock.com's and Amazon.com's appeal of their New York State legal losses on click-through nexus. Background. On December 2, 2013, the United States Supreme Court refused to hear...

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