Matt Hunsaker discusses recent North Carolina tax legislation, including phase-out/phase-down of corporate and individual income tax rates, an elective passthrough entity SALT cap workaround, and simplification of the...more
Matt Hunsaker gives an overview of the recently enacted passthrough workaround to the $10,000 state and local tax deduction cap....more
New Jersey is coming after taxpayers for years before 2019 based on information on combined group reports. From June 15 to October 15, 2021, the state will be offering certain benefits to taxpayers who come forward for years...more
Tucked away in the American Rescue Plan Act of 2021 is a provision that prohibits states from using the $350 billion in state and local relief money to fund tax cuts. What does this mean for state tax policy? What does this...more
3/29/2021
/ American Rescue Plan Act of 2021 ,
Anti-Commandeering ,
Biden Administration ,
Coronavirus/COVID-19 ,
Federal Funding ,
Federalism ,
Local Taxes ,
Relief Measures ,
State and Local Government ,
State Sovereignty ,
State Taxes ,
Tax Cuts
Matt Hunsaker does a rapid fire analysis of various state and local tax issues in the technology space. Stay tuned for an update on software and cloud computing....more
In this light-hearted episode, Matt Hunsaker explains how Wayfair, marketplace facilitator laws, false claims acts, economic nexus, the manufacturing exemption, and other issues apply to Santa Claus....more
12/23/2020
/ Economic Presence Nexus ,
False Claims Act (FCA) ,
Income Taxes ,
Local Taxes ,
Manufacturers ,
Online Marketplace ,
Retailers ,
Sales & Use Tax ,
Sales Tax ,
SALT ,
State Taxes ,
Tax Exemptions
This week Matt Hunsaker interviews two very special guests for Part III in the series Women in State Tax:
Beth Sosidka (AT&T - Tax Director of External Tax Policy) and Angela Miele (Motion Picture Association - Vice...more
Everyone has been fixated on the presidential and congressional elections. But this election was chock full of state and local tax ballot measures. Some passed, some didn't - Matt Hunsaker breaks down the results in Arizona,...more
For three years, states and taxpayers have been looking for novel ways to get around the federal TCJA's $10,000 cap on deducting state and local taxes. The IRS just released Notice 2020-75, which appears to bless states'...more
In the second installment of Women in State Tax, Matt Hunsaker interviews Nancy Prosser, general counsel of the Multistate Tax Commission and Jenny Burleson at the Texas Comptroller's office. Two women with long and varied...more
For many, Commerce Clause nexus protections seem to be getting porous. In this week's show, Matt Hunsaker reviews Robinson v. Jeopardy Productions Inc. (Louisiana) and reminds taxpayers of the importance of paying attention...more
It's no mystery that when times are hard, bad debts skyrocket. But how do businesses handle bad debts for state income and sales tax purposes? Matt Hunsaker hits the high points in this week's episode....more
10/9/2020
/ Bad Debt ,
Debt Collection ,
Income Taxes ,
Local Taxes ,
Sales Tax ,
SALT ,
State Taxes ,
Tax Credits ,
Tax Deductions ,
Tax Liability ,
Tax Planning ,
Tax Refunds ,
Tax Returns
This bonus episode is the first in an ongoing series highlighting the tremendous work that women do in the state and local tax field. We kick off the series with two of the best: Kate Pascuzzi (State Tax Counsel at...more
In part 3 of our journey through SALT issues in M&A transactions, Matt Hunsaker highlights a few apportionment, unitary combination, and NOL usage implications that should be on your radar whenever you are involved in a...more
9/23/2020
/ Acquisitions ,
Business Taxes ,
Income Apportionment ,
Income Taxes ,
Local Taxes ,
Mergers ,
Net Operating Losses ,
Sale of Assets ,
SALT ,
State Taxes ,
Tax Liability ,
Tax Planning ,
Unitary Business
M&A transactions can have big implications for your company's nexus footprint. In part two of the series on M&A transactions, Matt Hunsaker breaks down nexus issues that should be on your radar if your company is engaging in...more
9/22/2020
/ Acquisitions ,
Asset Management ,
Business Taxes ,
Income Taxes ,
Local Taxes ,
Mergers ,
Nexus ,
Physical Presence Test ,
SALT ,
State Taxes ,
Tax Liability ,
Tax Planning
Gone are the days when you could blow off state and local taxes in transactions! Erica Svboda and Ryan Gorsche - M&A lawyers in BakerHostetler's M&A Team join Matt Hunsaker in the virtual studio to provide background on how...more
9/21/2020
/ Acquisitions ,
Buyers ,
Due Process ,
Income Taxes ,
Local Taxes ,
Mergers ,
Purchase Agreement ,
SALT ,
Sellers ,
State Taxes ,
Tax Liability ,
Tax Planning ,
Transfer Taxes
It can be a little intimidating for a state tax expert to stand around the water cooler with international tax experts that casually throw around terms like BEPS, Pillar 1, Pillar 2, Digital Services Taxes, OECD, GloBE, etc....more
9/17/2020
/ Base Erosion Tax ,
BEPS ,
Corporate Taxes ,
Digital Services Tax ,
Income Taxes ,
International Tax Issues ,
Local Taxes ,
Multinationals ,
OECD ,
SALT ,
State Taxes ,
Tax Planning ,
Tax Rates ,
Tax Reform
The list of state and local tax crimes seems endless: from fraud to operating a retail location without a sales tax permit. Shawn Cleveland and Robb Adkins from the BakerHostetler white collar litigation team join Matt...more
9/15/2020
/ Criminal Investigations ,
Criminal Prosecution ,
Local Taxes ,
Sales Tax ,
SALT ,
State Taxes ,
Tax Crimes ,
Tax Evasion ,
Tax Fraud ,
Tax Liability ,
White Collar Crimes