Businesses that purchase or sell software, cloud computing resources or digital information services face a host of challenges when it comes to sales/use tax compliance. The potential for unforeseen tax liability will only increase over time as software products and
The SALT Lawyer
New Jersey, Pennsylvania and New York multi-state and local tax issues
The SALT Lawyer, published by Sills Cummis & Gross P.C., focuses on state and local tax issues, particularly those affecting New Jersey. The blog covers topics such as sales and use tax nexus for remote sellers, corporate business tax changes, tax exemptions and credits, tax amnesty programs, and the impact of federal tax reforms on state taxation. It also addresses practical guidance on compliance, legislative updates, and economic development incentives like Opportunity Zones. The content is aimed at businesses and tax professionals seeking to understand evolving tax regulations and their implications at the state and local levels.
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New Jersey Tax Court Says No to Taxing Foreign-Source Income
On November 28, the New Jersey Tax Court issued an opinion in Infosys Limited of India, Inc. v. Director, Division of Taxation, Dck. No. 012060-2016, that denied the Division of Taxation’s attempt to tax foreign income subject to an income…
Industry News -Tax Reform Update
After years of tax policy and planning discussions, and following debates within committee during the last few months, the U.S. House of Representatives’ Ways and Means Committee yesterday released the first draft of the “Tax Cuts & Jobs Act” or…