Latest 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
Latest Legislative Alert ISSUE 24-27; July 2, 2024 California Data Extraction Mitigation Fee Legislation Advances; Second Quarter Enacted Legislation Supplemental Update
Latest Practitioner Connection ISSUE 24-14; July 5, 2024 Is State Conformity to Federal R&E Deductions Unconstitutional? – Sometimes states intentionally favor domestic commerce, and sometimes they unintentionally discriminate against foreign commerce. In Kraft General Foods Inc. v. Iowa Department of Revenue and Finance, the US Supreme Court made clear that both are illegal. Because most states’ corporate income taxes conform to the Internal Revenue Co