Tax Law – May 24, 2012

by Sutherland Asbill & Brennan LLP on 4/18/2012

On March 29, 2012, the Circuit Court of the City of Richmond held that an exception to Virginia’s related party addback statute applied to licensing arrangements that included a sublicensor. Wendy’s International, Inc. v....more

by Sutherland Asbill & Brennan LLP on 4/13/2012

In This Issue 2 SALT Pet of the Month; 5 Professor Hellerstein’s Office Hours; 9 California Screaming; and 9 Policy Wonk. Sub Articles: A Swing and a Miss: Maryland Court Defines “Final” for Purposes of Statute of...more

by Jackson Walker on 11/8/2011

Table of Contents I. Introduction...1 II. General Nexus Standards ... 2 A. Registration To Do Business...2 B. Nexus For State Tax Purposes ... 3 1. Nexus for Texas Franchise Tax Purposes... 3 2. Leniency for...more

by Jackson Walker on 6/7/2011

On May 27, 2011, The Texas Supreme Court found in favor of TGS-NOPEC Geophysical Company in a dispute involving how TGS' receipts from the licensing of its geophysical data should be apportioned for Texas franchise tax...more

by Doron Eghbali on 1/29/2011

A recent tax case won by the IRS has closed a loophole employed by S corporations to circumvent paying payroll taxes by characterizing their wages as distributions. This ruling might have serious repercussions in the business...more

by Fox Rothschild on 11/19/2010

On September 27, 2010, President Obama signed the Small Business Jobs Act of 2010 aimed at encouraging investment in small businesses. One of the Act’s most important provisions is the amendment of Internal Revenue Code...more

by Reed Smith on 8/2/2010

On July 29, the District of Columbia's Office of Tax and Revenue("OTR") announced that it will launch a tax amnesty program that will run from August 2 through September 30, 2010. The amnesty program applies to taxes that...more

by Fox Rothschild on 6/15/2010

Generally speaking, one of the major advantages of being a franchisor is that the business and brand name can be expanded into other regions and states without the overhead costs associated with hiring employees to staff...more