State taxation in the United States

Sovos Issues 2021 Sales and Use Tax Annual Report, "The Continuing Evolution of Sales Tax"

Retrieved on: 
Tuesday, July 13, 2021
Tax, State taxation in the United States, Tax policy, Sales tax, Economy, Use tax, Sales and use tax, Articles

BOSTON, July 13, 2021 /PRNewswire-PRWeb/ -- Global tax software provider Sovos today issued its annual Sales and Use Tax report, " The Continuing Evolution of Sales Tax ," which focuses on regulatory trends, enforcement and technology as businesses try to solve sales tax and nexus issues in an increasingly complex tax environment.

Key Points: 
  • BOSTON, July 13, 2021 /PRNewswire-PRWeb/ -- Global tax software provider Sovos today issued its annual Sales and Use Tax report, " The Continuing Evolution of Sales Tax ," which focuses on regulatory trends, enforcement and technology as businesses try to solve sales tax and nexus issues in an increasingly complex tax environment.
  • With the onslaught of new tax laws and procedural changes, businesses have had to reexamine their own internal processes for sales tax compliance.
  • "Businesses have or are quickly coming to the realization that the trend in sales tax toward increased complexity is not going to reverse itself," said Terry Melnik, GM, sales and use tax, Sovos.
  • Download your complimentary copy of " The Continuing Evolution of Sales Tax " for the latest tax regulation changes affecting business.

Certain DWS Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Friday, July 9, 2021
Professional services, Finance, Tax, Money, Finance, Income tax in the United States, Income tax, Alternative minimum tax, Legal entities, State taxation in the United States, International taxation, Taxation in the United States, Corporate tax in the United States

Although the fund seeks income that is exempt from federal income taxes, a portion of the funds distributions may be subject to federal, state and local taxes, including the alternative minimum tax.

Key Points: 
  • Although the fund seeks income that is exempt from federal income taxes, a portion of the funds distributions may be subject to federal, state and local taxes, including the alternative minimum tax.
  • Although the fund seeks income that is exempt from federal income taxes, a portion of the funds distributions may be subject to federal, state and local taxes, including the alternative minimum tax.
  • Closed-end funds, unlike open-end funds, are not continuously offered.
  • The price of a funds shares is determined by a number of factors, several of which are beyond the control of the fund.

York County, PA Moves to Online Sheriff Sales with National Software Provider Realauction.com

Retrieved on: 
Tuesday, June 29, 2021
Real property law, Government, Real estate, Geography of Florida, State taxation in the United States, Tax noncompliance, Tax sale, Foreclosure, Auction, Fort Lauderdale, Florida, Sheriffs in the United States

"We are excited to move to this online portal for our Sheriff Sales & are confident it will greatly improve the overall efficiency of our sales now and in the future.

Key Points: 
  • "We are excited to move to this online portal for our Sheriff Sales & are confident it will greatly improve the overall efficiency of our sales now and in the future.
  • "Realauction.com was chosen due to their proven track record and user friendly software plus there's no cost to the County whatsoever."
  • Realauction.com is an online auction software provider headquartered in Fort Lauderdale, FL.
  • The company has been hosting online Sheriff's Sales, Tax Sales, Foreclosure Sales and Tax Lien Sales since 2005.

Most States Indicate They Will Follow Federal Government and Treat PPP Loan Forgiveness as Nontaxable Income

Retrieved on: 
Tuesday, June 22, 2021
Economy, Tax, Articles, NEXUS, South Dakota v. Wayfair, Inc., Sales tax, Corporate tax, CARES Act, State taxation in the United States

Twenty-nine state tax departments responded they will follow the federal treatment of such forgiveness or cancellation under section 1160(i) of the CARES Act and will not treat these amounts as taxable income.

Key Points: 
  • Twenty-nine state tax departments responded they will follow the federal treatment of such forgiveness or cancellation under section 1160(i) of the CARES Act and will not treat these amounts as taxable income.
  • 21st Annual Survey of State Tax Departments focuses on continued impact of Covid-19 on corporate tax professionals.
  • The survey also explores how states are implementing their economic nexus rules post-South Dakota v. Wayfair, with a focus on economic nexus threshold calculations.
  • Most states (33) responded that their sales tax nexus standard is based on both physical presence and economic nexus.

Bloomberg Tax Leadership Forum Provides Insights on Changes in Domestic and Global Taxation

Retrieved on: 
Tuesday, June 15, 2021
Bloomberg L.P., International taxation, Tax, Finance, Tax avoidance, Corporate tax avoidance, Service companies, State taxation in the United States

ARLINGTON, Va., June 15, 2021 /PRNewswire/ -- Bloomberg Tax & Accounting today announced that its Bloomberg Tax Leadership Forum, Navigating Through Constant Change, will take place virtually June 16-17.

Key Points: 
  • ARLINGTON, Va., June 15, 2021 /PRNewswire/ -- Bloomberg Tax & Accounting today announced that its Bloomberg Tax Leadership Forum, Navigating Through Constant Change, will take place virtually June 16-17.
  • This two-day event for corporate tax leaders and their advisors examines developments happening across international and U.S. federal taxation.
  • The Tax Leadership Forum provides the timely intelligence needed to prepare for change and optimize tax strategies.
  • "This year's Tax Leadership Forum provides attendees with the timely intelligence they need to prepare for change and optimize their tax strategies."

Certain DWS Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Tuesday, June 8, 2021
Banking, Professional services, Finance, Tax, Money, Finance, Income tax in the United States, Income tax, Alternative minimum tax, Legal entities, State taxation in the United States, International taxation, Taxation in the United States, Corporate tax in the United States

Although the fund seeks income that is exempt from federal income taxes, a portion of the funds distributions may be subject to federal, state and local taxes, including the alternative minimum tax.

Key Points: 
  • Although the fund seeks income that is exempt from federal income taxes, a portion of the funds distributions may be subject to federal, state and local taxes, including the alternative minimum tax.
  • Although the fund seeks income that is exempt from federal income taxes, a portion of the funds distributions may be subject to federal, state and local taxes, including the alternative minimum tax.
  • Closed-end funds, unlike open-end funds, are not continuously offered.
  • The price of a funds shares is determined by a number of factors, several of which are beyond the control of the fund.

States Are Leading the Way to Eliminate Income Taxes, Says Florida Fair Tax Educational Association

Retrieved on: 
Wednesday, May 26, 2021
State taxation in the United States, Tax, Income tax in the United States, Sales tax, Consumption tax, Taxation in the United States, FairTax, State income tax

JACKSONVILLE, Fla., May 26, 2021 /PRNewswire/ --Are states leading the way to eliminate income taxes?

Key Points: 
  • JACKSONVILLE, Fla., May 26, 2021 /PRNewswire/ --Are states leading the way to eliminate income taxes?
  • TexasIn a November 2019 election, 76% of Texas votersapproved the constitutional amendment to prohibit Texas from imposing any income tax.
  • MinnesotaA representative has filed an initiative to eliminate the income and business taxes and replace its sales tax with a retail consumption tax.
  • All 7 of the House seats lost in the 2020 census were lost by states with an income tax, and states without an income tax gained 3 of the seats.

Process Innovations and Demand for Value-added Services Create New Revenue Streams in Property Tax Services Market, Delivery by Outsourcing Business Model to Up the Ante for Service Providers - TMR

Retrieved on: 
Thursday, May 20, 2021
Property tax, Value-added tax, Tax, State taxation in the United States, Ad valorem tax, Use tax

This requires professional services to approach property taxes in a more streamlined, seamless, and tax-efficient manner.\nServing these needs, property tax services has evolved to be a multi-million dollar business sector that assists clients with multiple aspects of property tax.

Key Points: 
  • This requires professional services to approach property taxes in a more streamlined, seamless, and tax-efficient manner.\nServing these needs, property tax services has evolved to be a multi-million dollar business sector that assists clients with multiple aspects of property tax.
  • Property tax consultancy services helps companies with a deep understanding of complexities of real and personal property tax and help them to control this expense.
  • Gain insights into the Property Tax Services Market (Service Type: Property Tax Advisory Services, Property Tax Compliance & Co-Sourcing Services, Property Tax Exemption & Abatement Services, Property Tax Due Diligence Services, Litigation Support Services, and Others; and Application: Personal Property and Real Property) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031 at https://www.transparencymarketresearch.com/property-tax-services-market....\nProspect of Collaborative Audit Support, Co-sourcing Services to Ensure Successful Value Negotiations\nIndependent, result-oriented, and innovative property tax services are what customers seek from providers of property tax services.
  • Request a sample of the study\nBesides advisory and compliance, property tax exemption and abatement services is the focus of companies in the property tax services market to expand their credibility.

Process Innovations and Demand for Value-added Services Create New Revenue Streams in Property Tax Services Market, Delivery by Outsourcing Business Model to Up the Ante for Service Providers - TMR

Retrieved on: 
Thursday, May 20, 2021
Property tax, Value-added tax, Tax, State taxation in the United States, Ad valorem tax, Use tax

This requires professional services to approach property taxes in a more streamlined, seamless, and tax-efficient manner.\nServing these needs, property tax services has evolved to be a multi-million dollar business sector that assists clients with multiple aspects of property tax.

Key Points: 
  • This requires professional services to approach property taxes in a more streamlined, seamless, and tax-efficient manner.\nServing these needs, property tax services has evolved to be a multi-million dollar business sector that assists clients with multiple aspects of property tax.
  • Property tax consultancy services helps companies with a deep understanding of complexities of real and personal property tax and help them to control this expense.
  • Gain insights into the Property Tax Services Market (Service Type: Property Tax Advisory Services, Property Tax Compliance & Co-Sourcing Services, Property Tax Exemption & Abatement Services, Property Tax Due Diligence Services, Litigation Support Services, and Others; and Application: Personal Property and Real Property) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031 at https://www.transparencymarketresearch.com/property-tax-services-market....\nProspect of Collaborative Audit Support, Co-sourcing Services to Ensure Successful Value Negotiations\nIndependent, result-oriented, and innovative property tax services are what customers seek from providers of property tax services.
  • Request a sample of the study\nBesides advisory and compliance, property tax exemption and abatement services is the focus of companies in the property tax services market to expand their credibility.

Pappas: 196,925 people must pay Cook County property taxes today to avoid late fees

Retrieved on: 
Monday, May 3, 2021
Tax exemption, Tax, State taxation in the United States, Sales taxes, Property taxes

"You may also verify your property tax exemptions, which lower the tax bill.

Key Points: 
  • "You may also verify your property tax exemptions, which lower the tax bill.
  • Homeowners may be missing out on $46 million in exemptions.
  • "\nTo search for refunds or missing exemptions, visit cookcountytreasurer.com:\nOr the results under "Have You Received Your Exemptions in These Tax Years?"
  • Late payments are charged 1.5 percent per month, as required by Illinois law.\n'