Aaron Johnson

Nov 25, 2024 | mondaq.com | Scott Edwards |Brett Durbin |Lewis Horowitz |Aaron Johnson

The failure of an initiative to repeal the state capital gains tax has emboldened three Seattle council members to float a Seattle city capital gains tax modeled on the state tax. As lawyers, we do not want to take a position on the wisdom of this policy; that is for voters and elected officials.However, we do want to explain why such an effort is not likely to survive the judicial review that will surely follow.

Oct 30, 2024 | mondaq.com | Brett Durbin |Scott Edwards |Aaron Johnson |Aimee Miller

What Happened In a 7-2 decision, the Washington Supreme Court upheld the Department of Revenue's reversal of its long-standing interpretation of the Business and Occupation (B&O) tax investment deduction in Antio LLC v. Department of Revenue, Wash., No. 102223-9. Since the statute was amended in 2002, the Department had allowed the deduction for any investment income, so long as the taxpayer was not a banking, lending, or security business as defined in the 2002 legislation.

Feb 12, 2024 | mondaq.com | Aaron Johnson

Learn how to navigate state and local taxes (SALT)—a complex system in the United States with unique codes, agencies, and courts across states and cities, collecting almost $2 trillion. Key considerations include identifying the taxing jurisdiction, understanding the stage of the process, and recognizing the type of tax dispute. It is important to meet response deadlines and distinguish between different taxes and dispute types.

Oct 17, 2023 | mondaq.com | Aaron Johnson |Brett Durbin |Scott Edwards |Aimee Miller

This is your annual reminder that if you reported under the Service and Other Activities classification or if you have apportionable income or royalty income in Washington State, do not forget that the Annual Reconciliation of Apportionable Income is due by Tuesday, October 31, or you could be facing a 29-percent penalty. The annual reconciliation form trues up your Washington apportionment calculation for the calendar year.

Oct 13, 2023 | lexology.com | Aaron Johnson |Brett Durbin |Scott Edwards |Aimee Miller

This is your annual reminder that if you reported under the Service and Other Activities classification or if you have apportionable income or royalty income in Washington State, do not forget that the Annual Reconciliation of Apportionable Income is due by Tuesday, October 31, or you could be facing a 29-percent penalty. The annual reconciliation form trues up your Washington apportionment calculation for the calendar year.