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
California voters have passed Proposition 19, which will bring about significant changes in the current law regarding property tax value reassessments. This means time is of the essence for certain property owners to act if...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
Back in Episode 95 (May 7, 2020), the Baker Hostetler team broke down the problems with digital advertising taxes, including the Maryland proposal (HB 732). On this week's show Matt Hunsaker talks about the Maryland...more
This week you have a rare opportunity: you get to use a service and learn about its taxability at the same time! Just about everyone uses streaming services for music, video, and more. But do you know how states tax these...more
10/28/2020
/ Digital Service Providers ,
Digital Services ,
Digital Services Tax ,
Internet Streaming ,
Legislative Agendas ,
Music Streaming ,
Sales & Use Tax ,
Sales Tax ,
State and Local Government ,
State Legislatures ,
State Taxes ,
Tangible Property ,
Tax Revenues ,
Video Streaming Tax
The NBA finals are now over - congrats to the LA Lakers. But did holding the playoffs in Florida save the players on state income taxes? Matt Hunsaker discusses that question in this week's episode. Plus, an update on the...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
Don't rest on your laurels because the closing ink has dried! In this final episode of the series on state and local tax issues in M&A, Matt Hunsaker addresses some of the issues that arise after closing and how to prepare...more
9/28/2020
/ Acquisitions ,
Income Taxes ,
Joint Venture ,
Mergers ,
Purchase Agreement ,
SALT ,
Service Agreements ,
State and Local Government ,
State Taxes ,
Tax Liability ,
Tax Planning ,
Voluntary Disclosure Agreement
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
Many people are looking to move out of high tax jurisdictions - for a variety of tax and non-tax reasons. State tax officials audit residency changes with vigor. Betsy Smith joins Matt Hunsaker in the virtual studio to...more
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
For the last decade, the Mobile Workforce State Income Tax Simplification Act has languished in Congress. Will it get passed by piggybacking on the HEALS Act? Matt Hunsaker explains the history of the Act, the latest...more
Q: State NOL Carryback Relief: If the federal government enacts NOL carryback relief, will states follow suit? A: Almost no states currently allow taxpayers to carryback NOLs to prior years....more