Michigan Repeals IBM Three-Factor Apportionment Decision

Michigan’s Multistate Tax Compact and the use of the three-factor apportionment formula for purposes of the Michigan Business Tax (MBT) are once again making headlines. Since 1970, Michigan has been a part of the “Compact” – along with multiple other states – that allows a taxpayer to elect a state’s

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Sales Tax: Here, There, Everywhere

Earlier this month, the Alabama Department of Revenue challenged the U.S. Supreme Court’s 1992 ruling in the landmark sales tax case Quill Corp v. North Dakota (1992). The decision from 1992 case regarding sales tax nexus confirmed that in order for an entity to have nexus in a state it

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North Carolina Tax Law Changes

On September 18, 2015, North Carolina Governor Pat McCrory signed the 2015 Appropriations Act, which will reduce corporate and personal income tax rates, phase in single sales factor apportionment and extend the Historic Preservation Tax Credit. Corporate The corporate income tax rate will decrease from 5% to 4%, effective January

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Ohio Taxpayer Prevails – SERP Payments Not Taxable by Ohio City

William E. MacDonald’s employer offered a supplemental executive retirement plan (SERP) for its executives. MacDonald made a plan election to receive periodic annuity payments throughout retirement, rather than a lump sum. Accordingly, MacDonald’s W-2 presented the present value of his future annuity payments as Medicare wages and excluded this amount

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