The Wayfair Case, Quill, and Sales and Use Tax Nexus History
On April 17, 2018 the United States Supreme Court heard arguments in the case of South Dakota v. Wayfair Inc., challenging the long-standing law regarding
Use Tax - To Report or To Collect and Remit: That is the Question
If the United States Supreme Court upholds the physical presence standard in its South Dakota v. Wayfair opinion, many remote sellers lacking the physical
IRS releases guidance to taxpayers for changing accounting methods to conform to financial accounting revenue recognition standards
On May 10, 2018, the IRS released Revenue Procedure 2018-29 (hereinafter Rev. Proc. 2018-29) to provide new, automatic procedures for taxpayers changing
Congressional Research Service Releases Tax Policy Options on College Endowments
Educational institution endowments have come under attack from all sides lately. Whether it is the new excise tax on net investment income, a Congressman
Earlier this year, there were New Tariffs Proposed on Steel and Aluminum by President Trump. The tariffs amount to 25% on steel and 10% on aluminum imports.
Pennsylvania Provides Clarification on Application of Nextel Decision
The Pennsylvania Department of Revenue recently released Corporation Tax Bulletin 2018-02 to clarify its position on the application of the decision issued
New Revenue Procedure for Contributors Making Donation to Tax-Exempt Organizations
New Revenue Procedure 2018-32 modifies, consolidates and supersedes Rev. Proc. 81-6, Rev Proc. 81-7, Rev. Proc. 89-23 and Rev. Proc. 2011-33 in providing
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