Sales & Use Tax

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Sales & Use Tax
Section 1245

Section 1245 and 1250: Understanding Depreciation Recapture for Building Owners 

Navigating the complexities of tax law in real estate can be challenging, even for experienced investors. However, when managed effectively, these laws offer significant benefits. Two crucial areas to comprehend are Section 1245 and Section 1250 depreciation recapture, as they can substantially impact tax liabilities when selling a property. A solid understanding of these rules […]
LLC

LLC Members Beware: You Could be Personally Liable for Sales Tax

In December 2022, a significant legal development unfolded. A New York Administrative Law Judge (...

Navigating State & Local Sales Tax

State & Local Sales Tax is a consumption tax imposed by a taxing authority on the sale of goo...

exemption certificates

Exemption Certificates – Is Your Business Properly Handling Them?

Is your business properly handling exemption certificates? A recent decision by the Rhode Island ...

Use Tax Reporting Requirements for Non-Collectors

Important areas for multistate businesses is determining where the company has any State & Lo...