Sales Tax Economic Nexus Applies to All Businesses, Not Just E-Commerce

In last summer’s landmark decision of South Dakota v. Wayfair, Inc. (“Wayfair”), the US Supreme Court upheld South Dakota’s economic nexus law, which requires companies to collect sales tax when their sales or number of transactions with that state exceed certain thresholds.

Brian Sengson Shares Insights on Wayfair Ruling in Law360

In an article recently published in Law360, state and local tax attorney Brian Sengson discusses how technology companies will continue to face expanded sales tax nexus as states adopt economic nexus law. Companies, particularly technology companies, should not take the Wayfair ruling lightly.

Brian Sengson to Appear as a Guest on Lewis on the Law Radio Show on September 1st

Brian Sengson, Manager in Bennett Thrasher’s State and Local Practice, will be joining the “Lewis on the Law” Biz 1190 radio show as a guest on Saturday, September 1st at 9:00 AM. He will be discussing the practical and Constitutional implications of the U.S. Supreme Court’s decision in the South Dakota v. Wayfair case.

Tax Return Due Dates Reminder

As the time for filing tax returns in 2018 nears its end, taxpayers should be aware of the filing deadlines applicable to their individual and business tax returns. These filing deadlines were updated by the Surface Transportation and Veterans Health Care Choice Improvement Act for tax returns filed during 2017, and continue to be effective for returns filed in 2018 and future years.

New Sales Tax Nexus Standard: South Dakota V. Wayfair, Inc.

In the landmark decision of South Dakota v. Wayfair, Inc., the US Supreme Court overturned the Quill physical presence standard, deeming it “unsound and incorrect.” In turn, the Court upheld South Dakota’s economic nexus law, which requires companies to collect sales tax when their sales or the number of transactions with the state exceed certain thresholds.

Georgia Rural Hospital Tax Credit Program

Nationwide, 4.1 million Americans pay more than $10,000 each in property taxes alone, according to ATTOM Data Solutions.  The itemized deductions of many taxpayers stand to be severely limited with the new $10,000 cap on state and local taxes enacted as part of tax reform in December of 2017, especially if multiple personal real properties are owned.

Qualified Opportunity Zone Investments

Included in the Tax Cuts and Jobs Act, signed into law in December 2017, is a new tax planning technique for deferring gains from sales. By investing in Qualified Opportunity Funds, taxpayers can defer (and potentially partially avoid) gain recognition on the sale of any property.

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