This state tax blog is written by Brian Strahle, a multistate tax consultant based in Richmond, Virginia. His passion is providing clients with Leverage(knowledge, judgment and advocacy) to reduce state tax risk, improve cash...

Background: Basis and a tax shelter Home Concrete involved a tax strategy of using short sales to inflate basis. In 1999, the partners in the Home Concrete partnership decided to sell their long-standing business, which had a...

Technology - got to love it. With all of the "smart" technology, it (whatever "it" is), can tell you what you need or when something needs attention before you can. It can tell you when something is wrong when you don't even...

Mark Cuban wrote a blog post entitled, "Don't Follow Your Passion, Follow Your Effort." I agree with the post in regards to - where we spend our time will determine our destiny. However, I think Mark misses the "mark." I think time

Most states have a use tax clause that requires businesses (and most residents) to pay use tax on tangible goods that are purchased and used or stored within their state. But while most companies are aware of their sales tax...

Have you made it through year end unscathed?  Are you catching up on your tax updates?  You will want to know more about the new tangible asset regulations released on Dec. 23, 2011.  I have been reading up…unfortunately, the...

I wrote my thesis on this very topic several years ago. However, the issue remains alive and well today. When a state enacts legislation that later is found to be unconstitutional, what is the appropriate remedy? Prospective...

A Berkshire Hathaway unit is in an arcane dispute that raises questions about the Internal Revenue Service's interpretation and enforcement of its own tax rules.

Automation, BI, Budgeting, Business Intelligence, Corporate Performance Management, CPM, Data Management, ERP, Finance, Forecasting, Integration, Risk, Risk Management, Sarbanes-Oxley, Technology, TPM, UI, User Interface,...

Two recent court cases in Indiana, and one in South Carolina make you pause and ask - who has the burden of proof? The Indiana Tax Court ruled in AE Outfitters Retail Co. v. Indiana Department of State Revenue (No....

Last fall I spoke to associates in a firm. My presentation was based on my book “ Prepare to Win.”  During the program, I asked how many in the room had created written goals for 2011. Very few raised their hands. Later I asked...

Corporations may be missing out on refund opportunities if they do not act prior to March 15th! If it was determined that your corporation overpaid state tax in prior years, and this same error was made each year for several...

But bravery does. The challenge of work-life balance is a relatively new one, and it is an artifact of a world where you get paid for showing up, paid for hours spent, paid for working. In that world, it's clearly...

"You can do it. We can help." "More saving. More doing." These are slogans of the Home Depot home improvement company, but I think they may apply to the state tax consulting industry as well. "DIY" or "Do It Yourself" has...

Does your company or client operate its business within a simple organizational or entity structure? Does it operate all of its business activities through one entity or several entities? Whether or not your company or client...

posted 4 months ago • 14 votes