Peter Stathopoulos Discusses Property vs. Service in Accounting Today

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In an article published recently, Peter Stathopoulos provides insight on the recent decision made by the Michigan Court of Appeals involving the taxation of sales or use of services provided over the internet. Stathopoulos explains software is a complicated area due to states being split on whether it should be taxed as a tangible property or as a service. “Some will say there is no sale or lease of tangible personal property, while others like New York will say the ability to access the software from a computer is a form of constructive possession, so there is a sale or lease of tangible personal property, said Stathopoulos. Click here for the full article.

For more information on taxation of services, or other state and local tax issues, please contact Peter Stathopoulos by calling 770.396.2200.

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