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IRS publishes transitional guidance for reporting of digital asset payments
On 16 January 2024, the US Internal Revenue Service (IRS) released Announcement 2024-4clarifying that, until regulations are published,...
FirenzeCapitalAdvisors
Jan 26, 20242 min read
Washington: Merchants Owe Taxes on Online Marketplace Transactions Fulfilled Using Third-Party’s Service Program
Case No. 39321-6-III, Wash. Ct. App. (1/23/24). In an unpublished opinion involving the nonpayment of Washington sales taxes for the...
FirenzeCapitalAdvisors
Jan 26, 20241 min read
Ohio: Updated Information Releases Address 2023 Law Changes to CAT Exclusion and Annual Minimum Tax
Two updated Ohio commercial activity tax (CAT) information releases
FirenzeCapitalAdvisors
Jan 19, 20241 min read
Court addresses FBAR requirement for dual residents with treaty foreign residency
On 20 November 2023, the US District Court for the Southern District of California ruled that an individual who was a lawful permanent...
FirenzeCapitalAdvisors
Dec 16, 20233 min read
IRS finalizes updates to Form W-8EXP
On 20 November 2023, the US Internal Revenue Service (IRS) published a new version of Form W-8EXP, Certificate of Foreign Government or...
FirenzeCapitalAdvisors
Dec 11, 20232 min read
Third-party payment processors and recipients get extra year of relief
The IRS announced November 21 that it will extend for one additional year the transition relief from the enforcement of the more...
FirenzeCapitalAdvisors
Dec 5, 20232 min read
Utah: Online Streaming Entertainment Company Owes Tax on Monthly Subscription Fees
Appeal No. 22-1274, Utah State Tax Comm. (9/19/23). In a ruling involving a multinational provider of licensed and original entertainment...
FirenzeCapitalAdvisors
Dec 1, 20231 min read
Digital Creator Taxability
Fundamentals of Sales Tax for Digital Creators
FirenzeCapitalAdvisors
Nov 27, 20233 min read
Nevada: Credit Card Processing Fee Included on Invoice of Taxable Sale is Subject to Sales Tax
Nevada Tax Notes: Issue No. 197, Nev. Dept. of Tax. (10/23). In its recent newsletter, the Nevada Department of Taxation (Department)...
FirenzeCapitalAdvisors
Nov 21, 20231 min read
New Jersey Division of Taxation Addresses “Convenience of the Employer” Rule for Nonresidents Who Ne
Convenience of the Employer Sourcing Rule FAQs, N.J. Div. of Tax. (10/27/23). The New Jersey Division of Taxation (Division) issued some...
FirenzeCapitalAdvisors
Nov 2, 20231 min read
Pennsylvania: City of Philadelphia DOR Explains Wage Tax Application for Remote and Hybrid Work
Wage Tax policy guidance for non-resident employees (UPDATED), City of Philadelphia, Penn. Dept. of Rev. (10/12/23). The City of...
FirenzeCapitalAdvisors
Oct 16, 20231 min read
New Jersey Division of Taxation Explains New Refundable Credit
Refundable Gross Income Tax Credit for New Jersey Residents Who Successfully Challenge Another State’s Imposition of the Convenience of...
FirenzeCapitalAdvisors
Sep 29, 20231 min read
Florida Circuit Court Holds that Intercompany Sales of Electronically Delivered Software are Not Tax
Case No. 2021-CA-000206, Fla. Cir. Ct., Leon County (9/27/23). In a case involving electronically delivered software sold by a...
FirenzeCapitalAdvisors
Sep 29, 20231 min read
Tennessee Appellate Court Holds for Taxpayer that Manufacturing Exemption Does Not Require Productio
Case No. M2022-01019-COA-R3-CV, Tenn. Ct. App. (majority opinion, 9/6/23); Case No. M2022-01019-COA-R3-CV, Tenn. Ct. App. (dissenting...
FirenzeCapitalAdvisors
Sep 13, 20231 min read
Louisiana: New Bulletin Addresses Tax Collection and Remittance for Merchants Making Marketplace and
Remote Sellers Info. Bull. No. 23-001: Guidance on Collection and Remittance Requirements for Louisiana Merchants making Marketplace...
FirenzeCapitalAdvisors
Sep 12, 20231 min read
California OAL Approves Department of Tax and Fee Administration’s New Marketplace Sales Rule
Notice of Approval of Regulatory Action: Cal. Code of Regs., Title 18, section 1684.5, Cal. Off. of Admin. Law (8/28/23); Cal. Code of...
FirenzeCapitalAdvisors
Sep 2, 20231 min read
Tennessee: Letter Ruling Says SMLLCs are Classified for Exemption Purposes the Same as Federal Tax P
Letter Ruling No. 23-08, Tenn. Dept. of Rev. (8/24/23). In a letter ruling involving whether a wholly owned single member limited...
FirenzeCapitalAdvisors
Aug 29, 20231 min read
Multistate Tax Commission and Streamlined Sales Tax Governing Board Support State Efforts to Promote
The Multistate Tax Commission (MTC) and Streamlined Sales Tax Governing Board (SSTGB) released a joint resolution supporting “state...
FirenzeCapitalAdvisors
Jul 26, 20231 min read
Multistate Tax Commission and Streamlined Sales Tax Governing Board Support State Efforts to Promote
The Multistate Tax Commission (MTC) and Streamlined Sales Tax Governing Board (SSTGB) released a joint resolution supporting “state...
FirenzeCapitalAdvisors
Jul 25, 20231 min read
Ohio: Resale Exemption Does Not Apply to Property Substantially Enhanced After Original Purchase
In a case involving a business that purchased three automobiles and substantially enhanced them before reselling them, the Ohio Board of...
FirenzeCapitalAdvisors
Jul 25, 20231 min read
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