With so much news about implementation of the new health care law, a tax credit benefit may be overlooked by some qualified participants. Starting in 2014, if you get your health insurance coverage through the Health Insurance Marketplace, you may be eligible for the...
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Multi-State
Affordable Care Act or “Obamacare” Tax Considerations
The Affordable Care Act ("the Act," commonly referred to as "Obamacare") contains currently implemented tax provisions, as well as other that will be implemented during the next several years. According to the Internal Revenue Service, the following are some examples...
California Source Income Tax Rate Determined On Worldwide Income for Non-California Residents
A recent California State Board of Equalization (BOE) decision illustrates California's broad reach to tax non-residents. Specifically, the California Franchise Tax Board (FTB) was able to successfully argue that additional tax was due from a non-California resident...
FTB Loses against an Out-of-State Nevada Corporation Owned by California Resident
In February, the Franchise Tax Board (FTB) lost a case, DANIEL V INC. v. Franchise Tax Board, in a Los Angeles Superior Court where it had asserted that a Nevada Company was commercially domiciled in California because it was owned by a California resident, Ron...
Congress Sponsors Online State Sales Tax Bill
California and the other 49 states could soon collect millions of dollars from online sales taxes. Last week, Reuters News reported that U.S. House and Senate introduced the Marketplace Fairness Act of 2013 (The Bill). This is Indeed, a remarkable turn of events,...
BNA Article Argues that Quill Safe Harbor Extends to Sales of Intangibles Through the Internet.
The Bureau of National Affairs (BNA) has published an article which argues that the activities involved in selling intangible goods, such as songs and digital books, by means of the Internet are not sufficiently connected to states so as to permit states to tax them....
U.S. Supreme Court Declines To Review Connecticut’s Taxation of Out-of-State Seller
On October 9, 2012, the U.S. Supreme Court denied, without comment, Scholastic Book Club's petition for certiorari, declining to hear an appeal regarding Connecticut's taxation of classroom catalog sales of books to students.Earlier this year, the Connecticut Supreme...
Out-of-State Taxpayers Win against California – On Rehearing, the California Court of Appeal Allows Taxpayers to Determine California Tax under the Favorable Multistate Tax Compact’s Three Factor Formula
On August 9, 2012, the California Court of Appeal "on its own motion and for good cause" vacated its decision and opinion issued on July 24, 2012 in Gillette v. Franchise Tax Board, and ordered a rehearing. The Franchise Tax Board (FTB) dismissed the taxpayer's...
