One of the biggest challenges in researching state tax issues today is that many jurisdictions often have not enacted laws or issued guidance on the tax treatment of certain types of business transactions, Megan Mahony, co-practice leader, Ryan National Tax at Ryan, LLC, writes in this week’s issue of the Weekly State Tax Report.
This problem is exacerbated by the fact that many sales and use tax laws were written well before the explosion of recent technological innovations, such as cloud computing, she writes.
Furthermore, with states under pressure to close massive budget deficits, state auditors are often “aggressively pursuing additional revenues by asserting new interpretations or applications of laws that pre-date the type of transaction at issue,” according to Mahony.
Against this backdrop, Mahoney, in her article, uses a case study to propose guidelines for a best research practice for transactions that are unique. Her case study follows an issue from “fact discovery, utilization of proper authority, and proper research presentation to thinking ahead to next steps.”
To learn how to develop research strategies when an issue is new and has not been subject to legislation, check out Mahoney’s article in its entirety here.
In other developments,
The Tax Foundation releases a new report, by Joseph Henchman, on state unemployment taxes and benefits.
Bradley Arant Boult Cummings LLP releases their Tennessee Tax Fall 2011 Update, co-authored by Brett Carter, Joseph Gibbs, Patricia Head Moskal, and Brian Shelton.
Jeff Glickman and Mike Petrik, with Alston+Bird LLP, provide an update on Amazon laws and cloud computing.
By Priya D. Nair
Follow us on Twitter at: @SALTax
Join BNA's State Tax Group on LinkedIn here: http://www.linkedin.com/groups?gid=1821701&trk=hb_side_g
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)