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Click-through nexus is not a panacea to increase tax revenue. Many states have not seen a positive impact from click-through nexus. Taxpayers should review their 3rd party business relationships to determine the impact to their sales and use tax registration and filing requirements.

An approximate breakdown of international soccer superstar Lionel Messi’s contract with U.S. Major League Soccer club Inter Miami CF and what his tax obligations could be.

The State of California as a signatory member of the Multistate Tax Compact MTC and the Franchise Tax Board (FTB) must follow the MTC’s provisions and allow tax payers to elect to use either the MTC’s apportionment formula or California’s alternative formula. It is expected that the Franchise Tax Board FTB will appeal.

Clients that have significant Michigan liabilities for the years the Michigan Business Tax was in effect should analyze whether the use of the MTC’s equally weighted, three-factor apportionment formula would be beneficial. Possible opportunity to claim refunds for more recent tax years.

The decision, in which the Court referred to the statutory residence provision of the tax law, is a reversal of the Department of Taxation and Finance’s position that property rights, suitability and unfettered access equate to permanent place of abode.

A New Jersey appeals court has upheld the state's right to impose corporate taxes on out of state companies that use New Jersey based telecommuters. A company with large New Jersey sales and only one telecommuting employee may have a large tax bill.

New Jersey tax changes bring good news and potentially bad news for New Jersey taxpayers. Governor Christie vetoed two tax increases and approved several new laws around tax provisions. Explanation of the changes and how each one will impact New Jersey taxpayers and business owners.

A recap of the recent IVY Family Office Network’s 2022 Trends Forum discussing how family offices should best prepare, from a tax perspective, from what may be in the near future.

Governor Tim Walz signed into law the “One Minnesota Budget,” which impacts virtually every facet of Minnesota’s taxation regime.  Broadly, the One Minnesota Budget attempts to increase taxes on wealthier individuals and on corporations; the legislation also clarifies and updates provisions relating to Minnesota’s elective pass-through entity tax. 

A recent tax webinar that covered a diverse array of topics such as R&D capitalization, stock-based compensation, rate reconciliation, naked credits and more.

New York State resident taxpayers are allowed an income tax credit equal to 25% of “qualified solar energy equipment expenditures,” with a lifetime cap on the credit of $5,000.  

It is important to note that the American Rescue Plan Act extended the ERC's statute of limitations for IRS examination to five years. The IRS is in the process of training enforcement agents to identify cases where the ERC was improperly claimed.

Hawaii recently released a number of changes to its film production income tax credit that supersede a number of previously issued pieces of guidance. These relate to travel and entertainment along with verification review procedures.

The Washington State Supreme Court ruled that the excise tax on long-term capital gains (“tax”) is constitutional, upholding the March 2023 law.

A breakdown of current and proposed rules for beneficiaries of inherited individual retirement plans.

A recent U.S. Tax Court case highlighted the importance of filing a timely return and the effects that non-filing can have on itemizing deductions.

Summary of how qualified opportunity funds work when used as an alternative to a direct investment in a qualified opportunity zone property and practical tax tips for these investments.

Explore the pros and cons of Joint Ventures vs Fund Partnerships for real estate investments. Learn about risk sharing, capital access, management control, and scalability.  

Our San Francisco office hosted a quarterly Real Estate Principals Luncheon where a discussion of economic indicators such as employment, consumer confidence, housing and others underscored the continued strength of the San Francisco Bay Area economy.

A discussion on the topic of, “Is retail real estate a dying industry?” Included were, despite challenges, it is not, along with suggestion for cyber-only retailers to increase their connection to consumers.