Georgia Coin Operated Amusement Machine Sales Tax Audit
Overview Our firm was dealt with a new predicament where a GDOR auditor levied sales tax on the winnings of a COAM (Coin Operated Amusement Machine). At issue is the taxability of transactions stemming from the winnings of coin operated amusement machines, administered by COAM. Applicable Rules Rule 13.3 of COAM allows players of their […]
IRS Tax Reform Effect on Farmers Ranchers
Many farmers and ranchers will benefit from tax law changes brought about by last year’s Tax Cuts and Jobs Act. Below are the key changes, along with details about how they will affect farmers and their bottom line: Net Operating Losses (NOLs) Qualified Business Income Deduction For tax years beginning after December 31, 2017, taxpayers […]