Amazon FBA Inventory Triggers California Sales Tax Audit and Franchise Tax Liability
Amazon FBA Inventory Triggers California Sales Tax Audit and Franchise Tax Liability A recent California tax decision serves as an important warning for Amazon sellers and other e-commerce businesses: storing inventory in a state can create unexpected state tax obligations, even if the business has no office or employees there. The California Office of Tax […]
Michigan Sales Tax Audit Resale Certificates
Michigan Sales Tax Audit Resale Certificates Michigan Court Clarifies Resale Exemption in Michigan Sales Tax Audit Case A recent Michigan Court of Appeals decision highlights an important issue for businesses facing a Michigan sales tax audit. The court made clear that simply selling products to another business does not automatically qualify a company for the […]
Texas Sales Tax on Welding Labor for Commercial New Construction
Texas Sales Tax on Welding Labor for Commercial New Construction Do You Charge Sales Tax on Welding Labor in Texas? If you’re a contractor, welder, or construction business working in Texas, one of the most common questions is: “Do I need to charge sales tax on welding labor for a commercial construction job?” The short […]
Texas Construction Sales Tax Guide
🏗️ Texas Construction Sales Tax Guide (Simple Rules Every Contractor Must Follow) ⚠️ The #1 Rule: Everything Depends on Contract Type Texas treats real property contractors in two completely different ways: 🟢 1. Lump-Sum Contract (Most Common) What it means: Tax treatment: Key concept:👉 You are the end consumer 🔵 2. Separated Contract What it […]
Can you give a Texas sales tax exemption certificate if you don’t have a sales tax permit
Can you give a Texas sales tax exemption certificate if you don’t have a sales tax permit In Texas, you generally cannot properly issue a resale exemption certificate if you do not have a Texas Sales and Use Tax Permit. Here is the rule under Texas Comptroller of Public Accounts guidance: 1. Resale Certificates (Most […]
Illinois Coin-Operated Amusement Device and Redemption Machine Tax Act
Illinois charges a yearly tax for running certain coin-operated amusement machines (like arcade machines) and redemption machines (machines that give tickets/prizes, as defined in the Criminal Code). Section 1 — The yearly tax Section 2 — Registration, payment, and decals (stickers) (a) What operators must do before putting a machine out for the public Before […]
Texas Conservation Easement Attorney
What Is a Syndicated Conservation Easement (SCE)? A syndicated conservation easement is created when a promoter organizes a group of investors and places them into a pass-through entity, typically an LLC taxed as a partnership. That partnership purchases land and then donates a conservation easement, which restricts private use of the property in order to […]
Standard IRS crypto audit document request response
Standard IRS crypto audit document request response IRS Crypto Audit Document Request Response Packet (Standard Outline) The Basics: Label: “Response to IRS Information Document Request (IDR) – Virtual Currency” 1) Table of Contents Example: 2) Cover Letter / Attorney Transmittal Letter (1–2 pages) Include: Key language to use: ✅ Goal: cooperative but controlled. 3) Audit […]
Cryptocurrency Audit Tax Attorney Houston
A cryptocurrency IRS audit is when the IRS examines a taxpayer’s return to verify they properly reported crypto-related income, gains/losses, and disclosures. Crypto audits often focus on whether someone underreported taxable events or failed to disclose accounts/transactions. Below is what we typically look for to help clients (and what the IRS is usually looking for). […]
How COGS applies to Texas Franchise Tax
Texas Comptroller Issues New Guidance on Franchise Tax COGS The Texas Comptroller recently released new guidance clarifying several Texas franchise tax Cost of Goods Sold (COGS) issues that frequently trip up taxpayers. The guidance comes in the form of updated Frequently Asked Questions (FAQs) and addresses a range of practical concerns businesses face when calculating […]