Insights & Resources

In Sirius XM Radio, Inc., v. Hegar, No. 20-0462, the Texas Supreme Court ruled that determination of the apportionment of receipts from services must be "origin-based" rather than "destination-based."

AB 466 allows the California Franchise Tax Board (FTB) to collect and share information on taxpayer reporting of unclaimed property.

Learn about the tax cuts for businesses and individuals as New York is the latest state to provide tax reductions to taxpayers.

In the updated statement on P.L. 86-272, businesses previously protected from paying the state corporate income tax in California or New York could now be liable for these taxes through various internet activities.

Taxpayers will be relieved of underpayment penalties under IRC Section 6656 for failing to make required deposits of the Superfund Tax as issued in Notice 2022-15.

The Fifth Circuit Court of Appeals and the U.S. Court of Federal Claims held that the blends of butane and gasoline would not be eligible for the alternative fuel mixture credit.

Taxpayers who are required to obtain a "G" registration under the reinstated Superfund Tax are impacted by recent IRS guidance on registration for certain Form 637.

On March 24, 2022, the Fifth Circuit Court of Appeals found the federal oil spill tax under IRC Section 4611(b) unconstitutional when imposed on exports of crude oil from the United States.

Certain pass-through entities filing first-year California tax returns are exempt from the state’s $800 minimum franchise tax beginning in 2021. The exemption applies to limited partnerships (LPs), limited liability partnerships (LLPs), and limited liability companies (LLCs) filing first-year returns in 2021, 2022, and 2023.

Some businesses make the mistake of putting off investment in tax compliance because it seems too expensive. But when it comes to sales tax compliance, the old adage is true: an ounce of prevention is worth a pound of cure.

As a reminder to suppliers and distributors of motor fuel: many states issue licenses that must be renewed periodically rather than being effective for a continuous period until canceled. The licenses in the table below have renewal requirements. Licensees should receive a renewal notification from the state tax authorities prior to the renewal date.

California Governor Gavin Newsom’s record $213 billion budget proposal could bring significant tax reductions to California businesses.