With state and local tax rules constantly changing and a recent ruling from the Supreme Court that will impact out-of-state sellers, there is much to be discussed surrounding state and local tax within the state of Iowa. Join us in Des Moines as we host What’s Hot in State and Local Tax. This free seminar will take place July 17 at the Embassy Club West in West Des Moines. For more details and to register for this event, click here.
If you’re considering doing business or currently have employees in the state of North Dakota, join us for our upcoming North Dakota State Tax Update. Helpful insights into North Dakota tax filings will be shared during our July 17 webinar. Register today!
A new ruling from the U.S. Supreme Court will have an impact on out-of-state sellers including internet retailers. The decision rules in favor of South Dakota’s law requiring certain internet sellers with no physical presence in the state to collect South Dakota sales tax. For more information, read our full article here.
Professional athletes are known to travel all over the United States to participate in events and appear for sponsorship, etc. In 2013, a Texas professional golfer, played in one tournament held in Indiana for a few days. In 2017, Indiana claimed that this TX resident was required to pay Indiana state income tax. After a few battles in court, Indiana won the case. The lesson here is, Indiana is one of many states that will require professional athletes, or others with similar facts, to file income tax returns, regardless of the time spent in that state. And, without a tax return being filed, the statute for making a tax due claim, as was done by Indiana, does not close.
Do you have questions about your filing responsibilities? Contact a member of the Eide Bailly State and Local Tax team.
Most accounting professionals are aware that sourcing rules can vary state to state. Colorado recently announced that starting August 8, 2018, effective for tax years beginning after 2018, companies will be required to allot certain revenue based on market instead of cost of performance. This means that revenue from sales, rentals, leases, or services from customers in Colorado will now be subject to their Corporate tax. Contact Eide Bailly’s State and Local Tax team with questions to learn more.
States are reviewing and/or adopting new approaching to state taxation in light of the Tax Cuts and Jobs Act. Learn more about the impact, how states are responding and the importance of planning under the new tax landscape in our recent article.
If you’re considering doing business or having employees in the state of Pennsylvania, you’ll want to join us for our upcoming Pennsylvania State Tax Update. Helpful insights into Pennsylvania tax filings will be shared during our June 26 webinar. Register today!