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I. Introduction In the January 2019 issue of SALT Block, the authors discussed the inevitable expansion of the substantial nexus test to other states and taxes other than sales and [...]

I. Introduction In this issue of SALT Block, we discuss recent Supreme Court decisions in Michigan, Arizona, Massachusetts, and Virginia, each dealing with a different legal issue. The Michigan Supreme [...]

I. Introduction In this issue of SALT Block, we discuss recent Supreme Court and appellate court decisions in Texas and Ohio. The Texas Supreme Court decision deals with the sourcing [...]

I. Introduction As we celebrate the 100th anniversary of TAXES MAGAZINE, this article provides a summary of the evolution of North Carolina's state and local tax system over the last [...]

I. Introduction In this issue of SALT Block, we discuss several recent judicial decisions on three topics of interest to state and local tax practitioners: (1) the application of the [...]

Introduction Two cases from 2021 and a third from 2018 deal with issues regarding the state tax treatment of proceeds from commodity hedging transactions. The question in all three cases [...]

Introduction The September 2020 issue of SALT Block discussed First Amendment jurisprudence and principles of law restricting the taxation of the media and appellate decisions in Ohio and Maryland upholding [...]

Introduction While modern direct mail has been utilized for close to 150 years and pre-dates the enactment of sales and use taxes by the states, as illustrated in two recent [...]

Introduction In this issue of SALT Block we discuss a recently issued Louisiana Attorney General Opinion and several recent judicial decisions regarding the adequacy of notice to property owners for [...]

According to Rebecca Toffolon, assistant vice president at CNA, the endorsed underwriter for the AICPA Professional Liability Insurance Program, "claims related to tax services are not necessarily the largest type [...]

Introduction In this issue of SALT Block we discuss several recent judicial decisions on two topics of interest to state and local tax practitioners: (1) the adequacy of notice for [...]

Introduction In this issue of SALT Block, we examine the Multistate Tax Commission's (MTC) P.L. 86-272 Statement of Information Project (1) and the project's potential impact on the creation of [...]

Introduction The Uniform Division of Income for Tax Purposes Act (1) ("UDITPA"), promulgated by the National Conference of Commissioners of Uniform State Laws in 1957, and subsequently adopted by the [...]

The First Amendment of the U.S. Constitution provides that "Congress shall make no law (...) abridging the freedom of speech, or of the press (...)" In addition to protecting freedom [...], Blaise M. Sonnier and Roby B. Sawyers exam the restrictions that the First Amendment places on the ability of state and local governments to levy taxes on newspapers and the press.

Members of the AICPA Tax Section enjoy the benefit of a complimentary annual webcast on Tax Ethics, presented by volunteers of the AICPA Tax Practice Responsibilities Committee. Participants receive two [...]

Introduction In this issue of SALT Block, we examine the history of the Rushmore method, issues with its treatment of intangibles in valuing hotels and motels for property tax purposes, [...]

Introduction Recent appellate court decisions in Ohio and Maryland address challenges on First Amendment grounds of city ordinances imposing an excise tax on billboards. Cases involving the limits placed by [...]

Introduction The California Office of Tax Appeals (OTA) published four decisions in 2019 dealing with the sourcing of income from a nonresident individual's business, trade or profession. Three of those [...]

Introduction In this issue of SALT Block we highlight three recent state Supreme Court decisions. The first two decisions are by the Ohio Supreme Court (OSC). The first case required [...]

Introduction Although a purchase for resale is commonly exempt from sales/use tax, the specifics of the requirements vary from state to state. Property purchased for lease is typically included in [...]

Introduction P.L. 86-272 was enacted in 1959 and was intended as "a... stopgap or temporary solution" (1) to an issue created by a Supreme Court decision. (2) Nonetheless, it remains [...]

Introduction The recent United States Supreme Court (SCOTUS) decision in Kaestner provides ample reason to reexamine issues around the state taxation of trusts. Before the June 2019 decision, it had [...]

Introduction As noted in the May 2019 SALT BLOCK, before the June 2019 U.S. Supreme Court (SCOTUS) decision in Kaestner, (1) the last time SCOTUS heard a case dealing with [...]

Introduction The Commerce Clause of the U.S. Constitution grants Congress the power to "regulate commerce... among the several states." (1) The Commerce Clause "reflect(s) a central concern of the Framers [...]

Introduction and Background The last time the U.S. Supreme Court heard a case dealing with due process and the state taxation of trusts was over 70 years ago in Greenough [...]

One of the pillars of a member's responsibilities is to maintain objectivity. To do this, the member must avoid conflicts of interest. The term "conflict of interest" refers to a [...]

Introduction This issue of SALT Block reviews four recent decisions regarding the scope and applicability of property tax exemptions for charitable and public use property. In the first decision, the [...]

Introduction and BackgroundWhile much has been written about the South Dakota v. Wayfair (1) decision and its implications for sales tax collection responsibilities for remote sellers, (2) the case has [...]

Standards are the foundation of a profession. The AICPA has established general standards for all CPAs in the AICPA Code of Professional Conduct (the Code). The Code applies to all [...]

Each year more tax practitioners are using the internet to generate business and share ideas with other professionals. This column reviews ethical considerations associated with activities such as advertising on [...]

Practice & Procedures New due-diligence standards for head-of-household filing status Tax return preparers are subject to a variety of due-diligence standards. Under Section 10.34(d) of Treasury Circular 230, Regulations Governing [...]

Tax issues are the most common source of malpractice claims against CPA firms, accounting for 72% of total claims in 2016, according to CNA Financial Corporation, the carrier for the [...]

EXECUTIVE SUMMARY * Congress has not passed a permanent repeal of the estate tax; taxpayers still face the possibility of a one-year repeal in 2010. * Numerous rulings and cases [...]

EXECUTIVE SUMMARY * Brainstorming can be an effective tool for firms to identify risks of tax client acceptance and continuance, compliance and development and tax strategy recommendations. * Techniques include [...]

This article examines recent developments in estate and gift tax planning and compliance. It highlights legislative developments over the last year, Economic Growth and Tax Relief Reconciliation Act of 2001 [...]

The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) phases out the estate and generation-skipping transfer (GST) taxes over nine years, followed by a one-year repeal in 2010. [...]

According to Lawrence H. Summers, former Secretary of the Treasury, abusive corporate tax shelters represent 'the most serious compliance issue threatening the American tax system today' ('Treasury Turns Up the [...]

The Victims of Terrorism Tax Relief Act of 2001 offers income and estate tax relief to those who were injured or killed in U.S.-based terrorist or anthrax attacks. This article [...]

EXECUTIVE SUMMARY * While it is difficult to view the EGTRRA as true estate tax repeal, it does provide some short-term relief to middle-class taxpayers. * The change from a [...]

On Feb. 1, 1999, the President submitted to Congress his Fiscal Year 2000 Budget proposal. The budget includes 16 proposals addressing "corporate tax shelters." A task force of the AICPA [...]

The Internal Revenue Service has identified the employee-independent contractor reclassification issue as a significant compliance challenge. Reclassification can be particularly devastating to small businesses, resulting in tax assessments, penalties and [...]

The IRS is embracing private-sector management techniques to solve its problems. Total quality management (TQM) is an accepted and proven management technique in the private sector, but it only recently [...]

Failure to advise clients (or providing improper advice) is the most frequent cause of claims in the AICPA Professional Liability Insurance Program. Often, these disputes are a result of scope-of-service [...]

In the August 1997 issue of The Tax Adviser ("Beware Not Allocating the GSTT Exemption on a Gift Tax Return--A Trap for the Unwary," pp. 514-516), the AICPA Tax Division's [...]