Searching Content indexed under Tax Authorities by Matthew Setzer ordered by Published Date Descending.
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Good And Bad News For NJ Combined Filers
TB-86 follows last year's sweeping changes to the CBTincluding a switch from separate-company to combined reporting.
United States
17 Jan 2019
New Jersey Tax Court: Limited Partner Has Nexus With New Jersey
Those taxpayers will need to re-examine their strategy in the wake of today's decision.
United States
12 Oct 2017
NJ Tax Court: Complete Liquidation Results in Nonapportionable Income
Today, the New Jersey Tax Court published its opinion in Xylem Dewatering Solutions, Inc. v. Director, Division of Taxation/
United States
11 Apr 2017
NJ Court Issues Nonbusiness Income Decision
Today, the New Jersey Tax Court published its opinion in Xylem Dewatering Solutions, Inc. v. Director, Division of Taxation.
United States
11 Apr 2017
NJ Guidance on State Tax Addback: Refund Opportunity for Taxpayers Adding Back Capital Stock or Bank Taxes
For purposes of computing New Jersey corporation business tax, the statute requires a taxpayer to add back any taxes paid to other states on or measured by profits or income, or business presence or activity.
United States
16 Mar 2017
MTC Proposed Apportionment Regulations Pass By Special Vote: Here's What You Should Know
Recently, the Multistate Tax Commission ("MTC") held a special meeting where the whole Commission (a group of member states) voted to approve model apportionment regulations, including provisions concerning market sourcing.
United States
4 Mar 2017
File Federal Change with New Jersey? Apportionment Factor Must Also be Changed—Even if Statute of Limitations Otherwise Closed
On February 22, 2017, the Tax Court issued its decision in General Foods Credit Investors # 3 Corporation v. Director.1 The primary issue involved whether certain sale-leaseback assets belonged in the taxpayer's property factor for corporation business tax purposes.
United States
4 Mar 2017
NJ Tax Court: Throwout Doesn't Apply To P.L. 86-272 Receipts
The New Jersey Tax Court issued its decision today in Elan Pharmaceuticals, Inc., ruling that the Division of Taxation had improperly excluded receipts sourced to states...
United States
20 Feb 2017
Supreme Court of Ohio Sustains Factor-Presence Nexus for Some, But Opens Door for Apportionment of CAT Receipts for All
Today, the Supreme Court of Ohio upheld the Ohio Commercial Activity Tax's ("CAT") $500,000 factor-presence nexus test in the face of a Commerce Clause challenge. Specifically, in Crutchfield Corp. v. Testa, the court held that the Commerce Clause does not impose a physical-presence requirement for gross-receipts taxes, like the CAT.
United States
19 Nov 2016
Supreme Court Of Ohio Decision Provides A Cautionary Tale For Taxpayers, And Highlights Opportunities For Future Statutory Interpretation
In International Paper Company v. Testa, the taxpayer timely reported its amortizable NOL carryforward of $17 million.
United States
2 Nov 2016
New Jersey Reverses Tax Policy On Petroleum-Based Consumer Products
If you sold petroleum-based consumer products into New Jersey and paid petroleum products gross receipts tax, you have a refund opportunity.
United States
1 Nov 2016
NJ Tax Court: Despite Place-of-Performance Statute, Market Sourcing Applies to Services
On October 11, 2016, the New Jersey Tax Court published its long-awaited decision concerning the sourcing of interest and other fees related to credit card transactions.
United States
15 Oct 2016
N.J. Legislature Changes BEIP Credit Conversion Terms Before July 11 Deadline
The N.J. Legislature has passed legislation that provides yet another variable for companies to consider before deciding whether to convert unpaid Business Employment Incentive Program ("BEIP") grants into credits.
United States
4 Jul 2016
July 11 Deadline To Convert Unpaid N.J. BEIP Grant To Tax Credits
Under New Jersey's Business Employment Incentive Program, approved businesses that created jobs in New Jersey were awarded annual cash grants.
United States
6 Apr 2016
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