Upcoming National Meeting

2024 SALT Workshop for Technology Companies

This Workshop will cover the key state and local tax issues that technology companies (both start-up and established) are facing such as state taxation of Digital Business Inputs, FITFA, sourcing, apportionment, streaming, marketplace facilitators, digital service taxes and much more. Leading state tax experts will share technical expertise and knowledge they have gained from practicing in these

books background

Newsletters & Media

Cost Conscious

ISSUE 24-14; July 12, 2024

Navigating the Tax Clearance Letter Process in Texas – One of the administrative hurdles that SALT professionals deal with regularly is obtaining Tax Clearance Letters or Certificates of Good Standing from taxing authorities. It has come to our attention that many COST members have experienced significant difficulty obtaining Tax Clearance Letters in Texas. What has been your experience in obtaini

Twitter

Bloomberg TAX

Businesses Warn of Double Taxation in Trucking Receipts Proposal

July 15, 2024

Business interests warned the Multistate Tax Commission against adopting multiple methods for sourcing trucking industry receipts, arguing the resulting inconsistency would lead to confusion and double taxation.

Akerman Expands Tax Team With Jennifer Lindy, Farid Khosravi

July 15, 2024

Akerman expanded its corporate tax and energy tax credit capabilities with partners Jennifer Lindy, a leader in international tax controversies, and Farid Khosravi in the Atlanta office, firm said Monday.

Philadelphia Parking Garage Worth $23.2 Million, Court Rules

July 15, 2024

A parking garage’s fair market value for tax purposes is $23.2 million because the trial court that made that determination properly found that Philadelphia’s appraiser was more credible, a Pennsylvania appeals court held Monday.

IRS Says Chevron Ruling Favors Its Foreign Entity Fight, Not 3M

July 15, 2024

The US Supreme Court’s abandonment of Chevron deference cuts in favor of the IRS in its long-running legal battle over transfer pricing, not in 3M Co.'s, the agency told a federal appeals panel.

Kirkland Hands Out $50,000 Referral Bonuses as Demand Picks Up

July 15, 2024

Kirkland & Ellis is offering junior lawyers $50,000 referral bonuses as demand increases at the world's most profitable law firm.

Firm Says ’Plain Meaning’ of Law Voids $400 Million Tax Charge

July 15, 2024

A truck repair company fighting $400 million in excise taxes and penalties from the IRS says it followed the law to claim a tax break, and that law didn't include a "parts-and-pieces test" that it says the IRS is using to deny its claim.

MGM Grand Appeals Filing Procedures in Riverboat Casino Tax Case

July 15, 2024

A state court was wrong to dismiss MGM Grand Detroit Inc.'s challenge to Michigan’s assessment of corporate income tax on the sale of a riverboat casino, the company told a state appeals court.

Several States Weigh Jumping Into Permanent IRS Direct File (1)

July 15, 2024

A handful of states are showing interest in participating in the IRS's free electronic filing tool—also called Direct File—for next tax season.

IRS News Release: Taxpayers Urged to Avoid Social Media for Tax Advice on Tax Credits

July 15, 2024

Taxpayers are warned about misleading claims about the non-existent "Self-Employment Tax Credits" by marketers and social media influencers peddling inaccurate information, the IRS announced. The underlying credit being referred to in social media isn’t called the "Self Employment Tax Credit," it’s a much more limited and technical credit called Credits for Sick Leave and Family Leave, the IRS stated. Many people simply do not qualify for this credit, and the IRS is closely reviewing claims coming in under this provision so people filing claims do so at their own risk, the IRS noted. [IR-2024-187 (July 15, 2024)]

JD Vance’s Lawyer Wife Will Leave Her Role at Prominent Firm (3)

July 15, 2024

Usha Chilukuri Vance, the wife of Donald Trump's announced running mate Sen. JD Vance, will step down from her role as a trial lawyer at Munger Tolles & Olson.

Featured Resources

COST - Council on State Taxation

Amicus Briefs

Dine Brands Global, Inc. V. Eubanks and The Walt Disney Company v. Eubanks

COST filed an amicus brief on June 14 asking the Michigan Supreme Court to affirm the decision of the Court of Appeals in Dine Brands Global, Inc. V. Eubanks and The Walt Disney Company v. Eubanks, where the court held an examination or audit conducted by the Treasurer was not an “action or proceeding” under the Michigan Unclaimed Property Act and did not toll the statute of limitations

COST - Council on State Taxation

COST Studies, Articles & Reports

COST - Council on State Taxation

COST Comments & Testimony

CalTax Coalition Letter in Opposition to Proposed Business Tax Increases in A.B. 167, S.B. 167 (Assembly Letter)

COST joined CalTax coalition in opposing various business tax increases in California A.B. 167, S.B. 167, including suspension of the net operating loss deduction, limiting the utilization of business tax incentives and credits such as research and development tax credit, and directly reversing the recent OTA decision in Microsoft by requiring certain revenues to be excluded from a business’ appor