Latest Texas Sales Tax News
Texas sales tax treatment of leases and rentals of tangible personal property
Texas sales tax treatment of leases and rentals of tangible personal property according to Comptroller Rule 3.294. Key points include: Leases and rentals are taxable as sales. Operating Lease: Allows use of leased property for a specific period. Written contracts are treated as operating leases unless they qualify as financing…
Read More
Rules for Texas Marketplace Sellers and Marketplace Providers
Rules for Texas Marketplace Sellers and Marketplace Providers In Texas, a "marketplace" is defined as any physical or electronic platform where individuals or businesses—other than the platform owner or operator—sell taxable items. This definition includes stores, websites, software applications, and catalogs. While the term can apply broadly, it most commonly…
Read More
Texas Sales Tax Exemptions on Manufacturing machinery natural gas and data centers
Texas Sales Tax Exemptions on Manufacturing machinery natural gas and data centers Texas businesses are exempt from state sales and use tax on specific expenses, including manufacturing machinery & equipment, natural gas & electricity, and certain data center expenses. Manufacturing Machinery & Equipment Leased or purchased machinery, equipment, replacement parts,…
Read More
Texas Mixed Beverage Sales Tax
Texas Mixed Beverage Sales Tax - Here are some interesting case studies Case 1– The ALJ upheld the assessment of mixed beverage taxes against a taxpayer, finding no error in the assessment, which was based on a pour test conducted at the taxpayer’s establishment, corresponding sales receipts, a price sheet,…
Read More
Latest Sales Tax News
Cloud Computing and Support for Canned Software is Taxable in Pennsylvania
Cloud Computing and Support for Canned Software is Taxable in Pennsylvania The Pennsylvania Board of Finance and Revenue recently reviewed petitions from One Market Data LLC, which contested the revocation of its sales tax license and the assessment of taxes, penalties, and interest for the period between January 2020 and…
Read More
Ohio Board Rules True Object Determines Taxability of Services
Ohio Board Rules True Object Determines Taxability of Services CheckFree, a financial services provider in Ohio, sought a refund of over $2 million in sales and use tax paid between July 1, 2011, and June 30, 2015, arguing that its payment authorization and bill payment services are not taxable in…
Read More
Michigan Real Property Sales Tax Exemption
Michigan Real Property Sales Tax Exemption Michigan exempts from sales tax the sale of tangible property used for production, manufacturing, or recycling of aggregate by the property if the aggregate is used as an ingredient or component part for construction, maintenance, repair, or reconstruction of real property in Michigan. The…
Read More
Factor Presence Nexus Standard
Factor Presence Nexus Standard Under factor-based nexus, or factor presence nexus, an out-of-state company has nexus if it has property, payroll, or sales that exceed certain thresholds during the tax period. The (MTC) adopted a factor presence nexus standard model statute. The model includes threshold amounts to use in determining if enough substantial nexus exists to subject a business to state income tax.…
Read More
Latest IRS Tax News
Cloud Computing and Support for Canned Software is Taxable in Pennsylvania
Cloud Computing and Support for Canned Software is Taxable in Pennsylvania The Pennsylvania Board of Finance and Revenue recently reviewed petitions from One Market Data LLC, which contested the revocation of its sales tax license and the assessment of taxes, penalties, and interest for the period between January 2020 and…
Read More
Ohio Board Rules True Object Determines Taxability of Services
Ohio Board Rules True Object Determines Taxability of Services CheckFree, a financial services provider in Ohio, sought a refund of over $2 million in sales and use tax paid between July 1, 2011, and June 30, 2015, arguing that its payment authorization and bill payment services are not taxable in…
Read More
Michigan Real Property Sales Tax Exemption
Michigan Real Property Sales Tax Exemption Michigan exempts from sales tax the sale of tangible property used for production, manufacturing, or recycling of aggregate by the property if the aggregate is used as an ingredient or component part for construction, maintenance, repair, or reconstruction of real property in Michigan. The…
Read More
Factor Presence Nexus Standard
Factor Presence Nexus Standard Under factor-based nexus, or factor presence nexus, an out-of-state company has nexus if it has property, payroll, or sales that exceed certain thresholds during the tax period. The (MTC) adopted a factor presence nexus standard model statute. The model includes threshold amounts to use in determining if enough substantial nexus exists to subject a business to state income tax.…
Read More
Latest USDA News
Texas Car Dealership form 8300 reporting requirements
Texas Car Dealership form 8300 reporting requirements Form 8300 Reporting Guidelines for Dealerships Vehicle Purchase and Additional Transactions If a customer buys a vehicle for $9,000 in cash and later spends $1,500 on repairs, accessories, or customization within 12 months, Form 8300 is not required unless the dealership knew or…
Read More
IRS Audit Reconsideration for missed tax court deadlines
IRS Audit Reconsideration for missed tax court deadlines Audit Reconsideration Process (IRS & State Tax Authorities) Audit reconsideration is a process that allows taxpayers to request a review of an IRS or state tax agency audit assessment if they believe the findings are incorrect. This process is used when a…
Read More
Cloud Computing and Support for Canned Software is Taxable in Pennsylvania
Cloud Computing and Support for Canned Software is Taxable in Pennsylvania The Pennsylvania Board of Finance and Revenue recently reviewed petitions from One Market Data LLC, which contested the revocation of its sales tax license and the assessment of taxes, penalties, and interest for the period between January 2020 and…
Read More
Ohio Board Rules True Object Determines Taxability of Services
Ohio Board Rules True Object Determines Taxability of Services CheckFree, a financial services provider in Ohio, sought a refund of over $2 million in sales and use tax paid between July 1, 2011, and June 30, 2015, arguing that its payment authorization and bill payment services are not taxable in…
Read More