For three years, states and taxpayers have been looking for novel ways to get around the federal TCJA's $10,000 cap on deducting state and local taxes. The IRS just released Notice 2020-75, which appears to bless states'...more
The NBA finals are now over - congrats to the LA Lakers. But did holding the playoffs in Florida save the players on state income taxes? Matt Hunsaker discusses that question in this week's episode. Plus, an update on the...more
It's no mystery that when times are hard, bad debts skyrocket. But how do businesses handle bad debts for state income and sales tax purposes? Matt Hunsaker hits the high points in this week's episode....more
10/9/2020
/ Bad Debt ,
Debt Collection ,
Income Taxes ,
Local Taxes ,
Sales Tax ,
SALT ,
State Taxes ,
Tax Credits ,
Tax Deductions ,
Tax Liability ,
Tax Planning ,
Tax Refunds ,
Tax Returns
This bonus episode is the first in an ongoing series highlighting the tremendous work that women do in the state and local tax field. We kick off the series with two of the best: Kate Pascuzzi (State Tax Counsel at...more
Don't rest on your laurels because the closing ink has dried! In this final episode of the series on state and local tax issues in M&A, Matt Hunsaker addresses some of the issues that arise after closing and how to prepare...more
9/28/2020
/ Acquisitions ,
Income Taxes ,
Joint Venture ,
Mergers ,
Purchase Agreement ,
SALT ,
Service Agreements ,
State and Local Government ,
State Taxes ,
Tax Liability ,
Tax Planning ,
Voluntary Disclosure Agreement
In part 3 of our journey through SALT issues in M&A transactions, Matt Hunsaker highlights a few apportionment, unitary combination, and NOL usage implications that should be on your radar whenever you are involved in a...more
9/23/2020
/ Acquisitions ,
Business Taxes ,
Income Apportionment ,
Income Taxes ,
Local Taxes ,
Mergers ,
Net Operating Losses ,
Sale of Assets ,
SALT ,
State Taxes ,
Tax Liability ,
Tax Planning ,
Unitary Business
M&A transactions can have big implications for your company's nexus footprint. In part two of the series on M&A transactions, Matt Hunsaker breaks down nexus issues that should be on your radar if your company is engaging in...more
9/22/2020
/ Acquisitions ,
Asset Management ,
Business Taxes ,
Income Taxes ,
Local Taxes ,
Mergers ,
Nexus ,
Physical Presence Test ,
SALT ,
State Taxes ,
Tax Liability ,
Tax Planning
Gone are the days when you could blow off state and local taxes in transactions! Erica Svboda and Ryan Gorsche - M&A lawyers in BakerHostetler's M&A Team join Matt Hunsaker in the virtual studio to provide background on how...more
9/21/2020
/ Acquisitions ,
Buyers ,
Due Process ,
Income Taxes ,
Local Taxes ,
Mergers ,
Purchase Agreement ,
SALT ,
Sellers ,
State Taxes ,
Tax Liability ,
Tax Planning ,
Transfer Taxes
Many people are looking to move out of high tax jurisdictions - for a variety of tax and non-tax reasons. State tax officials audit residency changes with vigor. Betsy Smith joins Matt Hunsaker in the virtual studio to...more
It can be a little intimidating for a state tax expert to stand around the water cooler with international tax experts that casually throw around terms like BEPS, Pillar 1, Pillar 2, Digital Services Taxes, OECD, GloBE, etc....more
9/17/2020
/ Base Erosion Tax ,
BEPS ,
Corporate Taxes ,
Digital Services Tax ,
Income Taxes ,
International Tax Issues ,
Local Taxes ,
Multinationals ,
OECD ,
SALT ,
State Taxes ,
Tax Planning ,
Tax Rates ,
Tax Reform
For the last decade, the Mobile Workforce State Income Tax Simplification Act has languished in Congress. Will it get passed by piggybacking on the HEALS Act? Matt Hunsaker explains the history of the Act, the latest...more