How Do You Tax a Cloud? New Web-Hosted Services Present Intriguing Opportunities, Complications for Taxpayers and States

The Bloomberg BNA Tax Management Weekly State Tax Report filters through current state developments and analyzes those critical to multistate tax planning.

Cloud computing—the latest innovation in web-hosted services—allows users to migrate data to a website where they can access various hosted software services. In this article, Jennifer Jensen of PricewaterhouseCoopers explains the basics of this new service for tax professionals, who must be able to discuss the potential benefits and risks of the technology with their clients.

This article is available to subscribers of the Weekly State Tax Report. For more information or to take a trial to the report, click here.