State and Local Taxes June 16, 2026
District Court Refuses to Shake Up SALT Cap
If your clients reside in a state where they would qualify for such a workaround, act sooner rather than later.
March 2, 2015
Accounting Firm Introduces Use Tax Compliance System
Crowe Horwath LLP, one of the largest public accounting and consulting firms in the U.S., has introduced the Crowe Use Tax Simplifier, a tool that facilitates the use tax verification process.
February 26, 2015
Should Taxpayers Deduct State Income Tax or State Sales Tax?
The optional sales tax deduction is a no-brainer for some individual taxpayers. If you live in one of the seven states with no state income tax – Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming -- you should elect to deduct your ...
February 25, 2015
State Deadlines Near for Forms W-2 and 1099
The deadlines for businesses to send forms W-2 and 1099 copies to individual states are quickly approaching, with the majority of states having a March 2 deadline date. The various state rules and regulations can be daunting, as state filing varies ...
February 13, 2015
State & Local Tax Highlights from Around the Country – Feb. 2015
State and local taxes are constantly changing. As the most trusted financial and business advisor to your clients, it's your job to keep up with them. At CPA Practice Advisor, we're here to help you - so here's a roundup of some of the latest changes.
February 12, 2015
Puerto Rico Is Turning Into a Tax Haven for Americans and Businesses
If you move to Puerto Rico, you can retain your U.S. citizenship while saving taxes, not an option in some other so-called tax havens. Although the tropical island is just a little more than 1,000 miles from Florida, it might as well be halfway around ...
February 9, 2015
How and When to Make Sales Tax Payments
If you or your clients are new to collecting and paying sales tax, the process might seem overwhelming. Once you have determined that taxable sales are occurring, the next step is to prepare yourself for being a sales tax collector and remitter.
January 26, 2015
National Average Sales Tax at 5.45%, While 201 Localities Changed Indirect Tax Policies
While the average U.S. sales tax rate remained unchanged in the fourth quarter, the number of indirect tax changes increased from the previous quarter, according to the latest ONESOURCE Indirect Tax report from Thomson Reuters.
November 7, 2014
Sales Tax Is About to Take Center Stage
Once the elections are over, we expect Congress will finally get busy focusing on sales tax legislation. But that's only part of the excitement here at the magazine. It's that time of year when accountants have a bit of time to spare before they ...
November 5, 2014
The Best and Worst States for Taxes in 2015
The Multistate Tax Foundation (MTF) recently issued its 2015 State Business Tax Climate Index report, a benchmarking report that enables state governments and others to compare their tax systems with other states. Ideally, those states that rank ...
October 14, 2014
How to Avoid or Even Take Advantage of the Alternative Minimum Tax (AMT)
[This is part of a special series of articles designed to maximize tax benefits and minimize tax pitfalls at the end of the year.] The alternative minimum tax (AMT) is often referred to as a “stealth tax” because it sneaks up on unsuspecting taxpayers. But you’re not doing your job well if your clients are caught...…
October 10, 2014
How Does the Marketplace Fairness Act Affect Use Taxes?
While almost everyone has heard of sales tax, many business owners are unaware that most states have a “use tax.” State laws treat sales and use tax as two separate taxes, but in reality they act in concert to complement each other.
October 10, 2014
5 Networking Tips for State and Local Tax (SALT) Practitioners
You probably know the income, sales, and use tax rules in your own state and local jurisdictions without having to do much research. But what if a new client walks in the door and presents you with a tax situation in a state where you have not practiced b