After nearly a decade of development, the California Franchise Tax Board promulgated changes to its market-based sourcing regulation for sales of other than tangible personal property. The amended regulation is particularly...more
10/9/2025
/ Asset Management ,
California ,
Corporate Taxes ,
Franchise Tax Board ,
Goods or Services ,
Intangible Property ,
Investment Adviser ,
Investment Management ,
Mutual Funds ,
New Regulations ,
Nexus ,
Regulatory Requirements ,
State Taxes
The California Supreme Court in Olympic and Georgia Partners, LLC v. County of Los Angeles addressed how certain payments and valuation methods should be treated in property tax assessments of hotel properties. While the...more
The Indiana Department of Revenue issued administrative guidance determining that artificial intelligence (AI) chatbot services are not subject to Indiana sales and use tax. This ruling provides clarity for companies offering...more
9/25/2025
/ Artificial Intelligence ,
Bots ,
Digital Goods ,
Government Agencies ,
Innovative Technology ,
New Guidance ,
Regulatory Requirements ,
Remote Proceedings ,
SaaS ,
Sales & Use Tax ,
Software ,
State and Local Government ,
State Taxes ,
Tax Liability
For California property owners that could potentially reduce their property taxes with a decline-in-value assessment appeal, the property tax assessment appeals for 2025 are due by either September 15 or December 1 depending...more
Taxpayer disputes involving Los Angeles’s Measure ULA, the Homelessness and Housing Solutions Tax—commonly referred to as the “mansion tax”—are progressing through the city’s administrative review process. Property owners...more
On May 20, Washington state enacted SB 5814, expanding the sales and use tax base to include a range of high-tech and digital services, including advertising, software, and IT support. Signed into law by Governor Bob...more
Private equity, hedge fund, and other investment fund sponsors should be aware of the recent development in the Internal Revenue Service’s (IRS’s) audit campaign with respect to potential liability for Self-Employment...more
A recent US Tax Court case upholds profits interest treatment for a taxpayer’s receipt of a partnership interest granted in exchange for services. The case highlights how properly structuring and documenting the grant of a...more
Private equity, hedge fund, and other investment fund sponsors should be aware that there continue to be significant developments in the Internal Revenue Service's (IRS’s) audit campaign with respect to the potential...more