Manufacturing, as often noted, is the backbone of the American economy. Manufacturers not only innovate and create products that contribute to the betterment of our way of life but are also critically fundamental to our...more
State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. ln this newsletter edition, we will briefly summarize selected state and local tax (SALT)...more
State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. ln this newsletter edition, we will briefly summarize selected state and local tax (SALT)...more
7/12/2024
/ Exclusions ,
Franchise Taxes ,
Hurricane Season ,
Income Taxes ,
Local Taxes ,
Sales & Use Tax ,
Sales Tax ,
SALT ,
State and Local Government ,
State Taxes ,
Tax Liability ,
Tax Planning ,
Whistleblowers ,
Withholding Tax
State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. ln this newsletter edition, we will briefly summarize selected state and local tax (SALT)...more
5/24/2024
/ Franchise Taxes ,
Income Taxes ,
Local Taxes ,
Natural Gas ,
Partnership Interests ,
Pass-Through Entities ,
Sales Tax ,
SALT ,
Severance Tax ,
State and Local Government ,
State Taxes ,
Tax Credits ,
Tax Planning ,
Tax Rates
State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. ln this newsletter edition, we will briefly summarize selected state and local tax (SALT)...more
4/26/2024
/ Business Taxes ,
E-Filing ,
Fuel Tax ,
Income Taxes ,
Local Taxes ,
Medical Marijuana ,
Sales Tax ,
SALT ,
Small Business ,
Solar Energy ,
State Taxes ,
Tax Credits ,
Tax Rates
State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. ln this newsletter edition, we will briefly summarize selected state and local tax (SALT)...more
3/26/2024
/ Filing Requirements ,
Income Taxes ,
IRS ,
Local Taxes ,
Partnerships ,
Sales & Use Tax ,
SALT ,
State Taxes ,
Tax Credits ,
Tax Exemptions ,
Textbooks ,
Withholding Tax
Commissioner of the Tennessee Department of Revenue (Department), David Gerregano, recently testified before the Revenue Subcommittee of the Senate Finance, Ways and Means Committee, regarding the Department's proposed...more
The Tennessee Department of Revenue (Department) recently posted certain selected informal conference summaries which provides taxpayers with insight into how the Hearing Office will address various issues arising under...more
State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. ln this newsletter edition, we will briefly summarize selected state and local tax (SALT)...more
2/8/2024
/ Excise Tax ,
Income Taxes ,
Marijuana ,
Natural Disasters ,
Partnerships ,
S-Corporation ,
SALT ,
State and Local Government ,
State Taxes ,
Tax Credits ,
Tax Planning ,
Tax Relief ,
Tax Returns
State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. ln this newsletter edition, we will briefly summarize selected state and local tax (SALT)...more
State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. ln this newsletter edition, we will briefly summarize selected state and local tax (SALT)...more
11/29/2023
/ Earned Income Credit ,
Franchise Taxes ,
Income Taxes ,
Interest Rates ,
Local Taxes ,
Sales Tax ,
SALT ,
State and Local Government ,
State Taxes ,
Tax Exemptions ,
Tax Planning ,
Tax Sales ,
Withholding Tax
State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. ln this newsletter edition, we will briefly summarize selected state and local tax (SALT)...more
State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. ln this newsletter edition, we will briefly summarize selected state and local tax (SALT)...more
State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. ln this newsletter edition, we will briefly summarize selected state and local tax (SALT)...more
8/18/2023
/ Interest Rates ,
Internal Revenue Code (IRC) ,
Local Taxes ,
Property Tax ,
Sales & Use Tax ,
Sales Tax ,
SALT ,
State and Local Government ,
State Taxes ,
Tax Planning ,
Tax Sales
This month's SALT Select is dedicated to the memory of our colleague and friend, Robert L. Wollfarth, Jr. and the many contributions he made to our Firm. State and local taxes impact almost every taxpayer, and developments...more
The 2017 Legislative Session is in the final stretch. However, one of the most important votes this Session has already occurred with the passage of the Governor's legislative initiative to assist in funding State and local...more
Bolstered by a substantial budget surplus in the prior fiscal year and an anticipated surplus this fiscal year, Tennessee Governor Bill Haslam proposed on January 18 a comprehensive and strategic plan not only to assist in...more
The Tennessee Department of Revenue (the Department) is in the process of proposing a wide range of regulations addressing current state tax laws. The purpose of this project is to promulgate new regulations to clarify and...more
In Spotlight on Tennessee: Letter Ruling Addresses Treatment of a Section 338(h)(10) Election, dated July 10, 2014, we examined how Tennessee treats the federal election under Internal Revenue Code Section 338(h)(10) for...more
During the 108th General Assembly 2014 Session, the Tennessee Legislature considered several tax and related initiatives before adjourning in late April. Although the number of proposed tax and related initiatives this...more
Tennessee does not expressly conform to most provisions in Subchapter C of the Internal Revenue Code. Instead, Tennessee's federal corporate income tax conformity is determined based on the "starting point" that Tennessee...more