IRS Issues Proposed Guidance on Controversial SALT Limitation

In recent weeks, the IRS has issued a series of proposed regulations to help clarify provisions of the Tax Cuts and Jobs Act (TCJA). One of the most controversial parts of the law is the limit on individuals’ deductions for state and local taxes (SALT) that goes into effect this year. In the wake of…

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What’s Next for State Tax Nexus?

What’s Next for State Tax Nexus? The recent Wayfair decision has drastically altered the landscape for states that want to collect sales and use taxes. Prior to this landmark U.S. Supreme Court case, economic “nexus” for tax purposes was established only if the seller of goods or services exhibited a “physical presence” in the state….

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Georgia tax credits update

Are you taking advantage of Georgia tax credits? By: Kiersten Gaudet, Senior Manager Georgia companies are giving an unexpected tax windfall to the state government. Some companies hiring new staff are passing up a credit of up to $4,000 per new job. Companies involved in research and development may be missing out on Georgia tax…

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Physical Presence and Sales Tax Nexus

Physical Presence No Longer A Requirement for Sales Tax Nexus? On June 21, 2018, the US Supreme Court ruled in favor of South Dakota in South Dakota vs. Wayfair, Inc., thereby eliminating the need for a vendor to have physical presence within the State to create nexus. The State of South Dakota enacted a provision…

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