Last year, Governor Butch Otter signed a bill that was intended to exempt cloud computing services. The Idaho Tax Commission narrowly interpreted the legislation, which effectively taxed many types of software services. Otter did not believe this followed the intent of the legislation, so earlier this month he
Among the businesses to have new tax information reporting responsibilities under the Affordable Care Act (ACA), insurers could be faced with a broad range of new challenges. Given their status as both insurers and employers, their reporting obligations are two-fold. Internal Revenue Code (IRC) 6055 and 6056 establish the new information reporting responsibilities for ACA. […]
Businesses are a major revenue source for taxing authorities in the U.S. and around the world, and the taxability issues are particularly tricky. Sales and use tax changes have a tremendous impact on every business’ ability to remain compliant with every jurisdiction; and rules are being added and changed every day. Download our Infographic to learn more about those […]
Reading is unquestionably fundamental, but the taxation of reading material is anything but that. Organizations that sell publications (newspapers, magazines, books, and alike) face a variety of taxation challenges both domestically and internationally. Those challenges are only growing as we continue to move into the electronic age where print media yields to its digital equivalent. […]
IIllinois, as well as Chicago, generally follows origin based sourcing. Illinois Dept. of Rev. General Information Letter ST 00-0020-GIL, 01/26/2000. Until the recent Illinois Supreme Court Hartney decision, which we will discuss below, Illinois law provided that a sale is sourced to the seller’s place of business that: Makes a complete and unconditional offer to […]
The high-tech software sector is a major revenue source for taxing authorities in the United States and around the world, but the taxability issues faced by vendors in this space can be particularly tricky. Just ten years ago, determining the taxability of software was very straight forward. Most software was delivered on a tangible medium […]
There is a strong public policy interest in promoting good health with many states applying sales tax exemptions or reduced rates on medical devices in order to support this policy. At the same time, states are looking to bolster their tax revenue and are sometimes inclined to interpret their medical-related sales tax rules strictly. While […]
Dead people in Ohio get a tax break because applying makeup in a mortuary is tax-free, while applying makeup in a beauty salon is subject to sales tax. In Kentucky, stud fees for breeding a stallion to a mare is subject to sales tax. Taxes collected are distributed into three funds administered by the […]