MSDTaxLaw.com

Posts by David Brennan

California Implements Economic Nexus

In South Dakota v. Wayfair, the United States Supreme Court ruled physical presence is no longer required for a state to require a seller to collect sales tax. States can freely require a seller to collect sales tax if the seller sells a certain dollar amount of sales into the state or a minimum number…

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California Sales & Use Tax Guide for Aircraft

Aircraft are a complex piece of machinery. Aircraft tax issues create a tax minefield for the unwary. If you navigate carefully, you can come out potentially with no tax liability for the aircraft or a reduced tax liability. However, the slightest wrong move will leave the most careful owner with a sizeable tax debt to…

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Texas Sales & Use Tax Guide for Aircraft

Aircraft are a complex piece of machinery. Aircraft tax issues are even more complex, creating a tax minefield for the unwary. If a taxpayer navigates carefully, they can potentially come out with a reduced, or zero, tax liability for the aircraft. However, the slightest wrong move will leave the most careful owner with a sizeable…

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Texas Jumps on the Economic Nexus Bandwagon

Over the summer, the United States Supreme Court ruled in South Dakota v. Wayfair that no longer is a physical presence required for a state to mandate a seller to collect sales tax. Instead, states are now allowed free reign to require a seller to collect sales tax if the seller sells a certain dollar…

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Ready for a Quiet Fall? Not Quite So Fast…

After a long year, most businesses see the Fall as the time of year to wrap up various projects and make a final push on sales. A small portion of businesses are considering tax planning as part of their end of the year process. An even smaller percentage of businesses are taking steps to guard…

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Texas Updates Sales Tax Rules for Computers and Software

The Texas Comptroller of Public Accounts (“Comptroller”) recently updated its rule for computer hardware, programs, software, and sales. In its updated version, the rule states that the sale, lease, or license to use a computer program is subject to Texas sales tax when the program is “stored, used, or consumed” in Texas. Of particular note,…

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What to Expect During a Texas Tax Audit

The Texas Comptroller of Public Accounts (“Comptroller”) sends out audit letters almost every day to businesses. These letters inform the business of the audit to be conducted by the Comptroller’s Office. Unfortunately, this type of letter is only the beginning of a very long and possibly expensive process. The key is to be well-informed of…

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