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Category Archives: Tax Headlines
Vermont—Corporate, Personal Income Taxes: Legislature Passes Bill to Update IRC Conformity Date, Revise Estimated Tax Safe Harbor
The Vermont Legislature has sent a bill to the governor that, if enacted, would update the Internal Revenue Code (IRC) conformity date for personal and corporate income tax purposes so that Vermont would generally conform to the IRC as in … Continue reading
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Florida—Sales and Use Tax: Separately Stated Freestanding Service of Process Charges Are Not Subject to Tax
Separately stated freestanding service of process charges are not subject to Florida sales and use tax. However, skip-tracing services performed by a taxpayer who is in the business of providing service of process for law firms, which are in turn … Continue reading
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California—Sales and Use Tax: Measure to Increase Tax Rate Was Properly on General Election Ballot
A petition for writ of mandate challenging the placement of Measure A, which would impose a 10-year 1/8 cent California local sales tax increase, on the November 2012 general election ballot by Santa Clara County was properly denied. The placement … Continue reading
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Obama Appoints OMB Controller Werfel as Acting IRS Commissioner
President Obama on May 16 appointed Daniel Werfel as acting IRS commissioner, effective Wednesday, May 22. Werfel agreed to serve through the end of the fiscal year as he replaces Steven T. Miller, who resigned a day earlier over revelations … Continue reading
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Virginia ~ Sales and Use Tax: Sales or Rentals of Video Content Streamed Over the Internet Not Taxable
The video content (videos and television shows) that a taxpayer sells or rents to its customers that is streamed over the Internet to the customers’ high definition televisions or Blu-ray disc players is deemed a digital product downloaded to the … Continue reading
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