FirenzeCapitalAdvisors
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,...
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FirenzeCapitalAdvisors
Jan 261 min
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 In an unpublished opinion involving the nonpayment of Washington sales taxes for the...
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FirenzeCapitalAdvisors
Jan 191 min
Ohio: Updated Information Releases Address 2023 Law Changes to CAT Exclusion and Annual Minimum Tax
Two updated Ohio commercial activity tax (CAT) information releases
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FirenzeCapitalAdvisors
Dec 16, 20233 min
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...
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FirenzeCapitalAdvisors
Dec 11, 20232 min
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...
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FirenzeCapitalAdvisors
Dec 5, 20232 min
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...
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FirenzeCapitalAdvisors
Dec 1, 20231 min
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...
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FirenzeCapitalAdvisors
Nov 27, 20233 min
Digital Creator Taxability
Fundamentals of Sales Tax for Digital Creators
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FirenzeCapitalAdvisors
Nov 21, 20231 min
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)...
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FirenzeCapitalAdvisors
Nov 2, 20231 min
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...
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FirenzeCapitalAdvisors
Oct 16, 20231 min
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...
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FirenzeCapitalAdvisors
Sep 29, 20231 min
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...
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FirenzeCapitalAdvisors
Sep 29, 20231 min
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...
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FirenzeCapitalAdvisors
Sep 13, 20231 min
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...
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FirenzeCapitalAdvisors
Sep 12, 20231 min