Tracey Stewart

1 month ago | aprio.com | Tracey Stewart |Aprio Publisher

By: Tracey Stewart, SALT Senior AssociateThe main takeaway: Despite Tennessee’s rule that generally limits the carryover of state tax attributes, a recent ruling concluded that a successor entity could utilize the predecessor’s net operating losses (NOLs) and tax credits following an F-reorganization.

Sep 27, 2024 | aprio.com | Tracey Stewart |Aprio Publisher

By: Tracey Stewart, SALT Senior AssociateThe main takeaway: The preparation of “Market News Notes” by a taxpayer’s sales representatives was deemed an unprotected activity under P.L. 86-272 and therefore, the taxpayer created Minnesota income tax nexus.

Aug 28, 2024 | aprio.com | Tracey Stewart |Aprio Publisher

By: Tracey Stewart, SALT AssociateThe main takeaway: The Georgia Department of Revenue published a letter ruling that addressed technical issues under the state’s job tax credit relating to the minimum wage requirement and transferred jobs. Assess the impact: Businesses who are relocating to and/or expanding their operations in Georgia should connect with their tax advisor on how they can maximize these tax credits.

Jun 26, 2024 | aprio.com | Tracey Stewart |Aprio Publisher

By: Tracey Stewart, SALT AssociateThe main takeaway: The Arizona Court of Appeals reversed a lower court ruling in the taxpayer’s favor and held that activities of third-party fulfillment centers created physical presence nexus. Assess the impact: Businesses must be aware of the in-state activities done by independent contractors as they could trigger sales tax nexus and collection/filing obligations.   Take the next step: Unsure of your sales tax nexus footprint?

Aug 30, 2023 | aprio.com | Tracey Stewart |Ty Griffith

By:  Tracey Stewart, SALT AssociateThe main takeaway: A California tax appeals decision illustrates how it’s not always clear when a business is providing a nontaxable service or engaging in a taxable lease of personal property. Assess the impact: Businesses who provide possession of a tangible property in connection with a service must consider whether the transaction will be treated as a taxable lease of property. Take the next step: Need assistance determining your transaction types?