Searching Content indexed under Income Tax by Michael Lurie ordered by Published Date Descending.
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Supreme Court To Consider Due Process Nexus
On January 11, 2019, the United States Supreme Court granted certiorari in North Carolina Department of Revenue v. The Kimberly Rice Kaestner 1992 Family Trust ("Kaestner").
United States
16 Jan 2019
Nextel Update: Pennsylvania DOR Will Not Assess Pre-2017 Tax Years
The Pennsylvania Supreme Court did not address McKesson or due process at all in its opinion, which leaves that as an open question.
United States
25 May 2018
Reissued Virginia Supreme Court Decision In Addback Case Leaves Result Unchanged; Some Taxpayers May Still Benefit
On March 22, 2017, the Virginia Supreme Court reissued its decision in Kohl's Department Stores, Inc. v. Virginia Department of Taxation, limiting the "subject to tax" exception to Virginia's intangible expense addback ...
United States
28 Mar 2018
Virginia Supreme Court Decides (Mostly) In Favor Of Department In Lead Addback Case
On August 31, 2017, the Virginia Supreme Court issued a decision holding that a taxpayer can claim an exception to Virginia's intangible expense addback on the basis that the related member receiving the intangible payment is ...
United States
1 Sep 2017
Pa. Governor's Budget Proposal – 'No Broad-Based Tax Increases'?
On February 7, Gov. Tom Wolf (D) presented his third budget address as Pennsylvania's governor, proposing a $32.3 billion spending plan. Facing yet again a multi-billion-dollar budget deficit...
United States
22 Feb 2017
NJ Tax Court Denies Interest Addback Exception - Does Your Company Still Qualify?
The only issue was whether the taxpayer qualified for the so-called "unreasonable exception" to addback of related-party interest expense.
United States
28 Apr 2016
Virginia Trial Court Rules Against Taxpayer In Addback Case
The taxpayer argued that because the royalties were reported on another state's return, and included in computing the tax due in that state...
United States
11 Feb 2016
New Jersey Appellate Court Issues Throwout Ruling
In a decision issued this morning, a New Jersey appellate court ruled that the throwout rule does not apply to intangible holding companies.
United States
7 Dec 2015
United States
4 Apr 2014
Virginia Adopts Narrow Definition Of "Royalty" For Purposes Of Its Intangible Expense Add-Back
In a recent ruling, the Virginia Department of Taxation determined that payments made by a taxpayer to an affiliated corporation were not "royalty" payments and should not have been added back to the taxpayer’s Virginia taxable income.
United States
17 Dec 2013
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