Berkeley Research Group, LLC

Legislation effective July 1, 2013, includes numerous tax increases, most notably in the state retail sales and use tax rate from 4 percent to 4.3 percent…more

The 2012 Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR), is due June 30, 2013. An employee or officer who has signature or other authority over, or financial interest in, foreign financial accounts is…more

Recently, Maryland Governor Martin O’Malley signed into law the Cybersecurity Investment Incentive Tax Credit. The credit is to be used against the state income tax of a Maryland cybersecurity company. To be eligible for the…more

The Oregon Department of Revenue, in conjunction with the Oregon Film and Video Office, will auction 12,000 income tax credit certificates, worth $500 each, for a total of $6 million…more

Beginning on December 31, 2013, the qualified intermediary (QI), withholding foreign partnership (WP), and withholding foreign trusts (WT) will be subject to the requirements of a foreign financial institution (FFI). As a…more

In This Issue: - GSA and VA Schedule Matters - Office of Inspector General Reports - Pertinent Government Accountability Office (GAO) Audit Reports - OMB Proposed Guidance - Key Federal Acquisition Regulation…more

“Basis” is tax lingo for the amount you paid for that security, including, for example, the commission and other fees incurred to acquire it. In practice, basis is generally what the cost of a particular item is for determining…more

We recently wrapped up diligence proceedings for another GovCon M&A transaction, and the specter of sales tax exposure again reared its ugly head. Time and again we see contractors err in their evaluation of the implications of…more

José Alberro, director at Berkeley Research Group in California, examines stock market punishment and enforcement of the Mexican Federal Competition Commission decisions In the Mexican legal system, the recurso de amparo…more

The Virginia Department of Taxation recently released the Rulings of the Tax Commissioner regarding the application of the retail sales and use tax to purchases of tangible personal property made pursuant to a government…more

On March 13, 2013, Governor Robert McDonnell signed into law Virginia House Bill 1699, which amends Va. Code. Ann. §58.1-3506. This legislation permits Virginia localities to set a lower personal property tax rate on computer…more

On March 25, 2013, the U.S. Senate narrowly passed a budget by a vote of 50–49. The budget included several amendments added the previous day. One amendment gives states more authority to collect sales tax from out-of-state…more

In a recent series of public letter rulings, the Virginia Department of Taxation ruled that the sale of applications on mobile devices (commonly referred to as apps) are not subject to Virginia sales and use tax. The exclusion…more

After years of deliberation, the Center for Medicare & Medicaid Services (CMS) published its long-awaited regulations to implement the specific requirements of the Physician Payment Sunshine Act (Sunshine) on February 1, 2013…more

An online provider of television and movie content is not responsible for collecting 5-percent Virginia communications tax imposed on communications services. The Code of Virginia defines communications services, in pertinent…more