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Results: 1-10 of 306

California court finds securitization entities subject to California income tax

  • Reed Smith LLP
  • -
  • USA
  • -
  • May 13 2013

A California Superior Court has issued a decision with significant impact on financial services. In the case, Harley-Davidson, Inc. v. Franchise Tax

IRS proposes regulations to implement certain ACA insurance premium tax credit, medical loss ratio provisions

  • Reed Smith LLP
  • -
  • USA
  • -
  • May 13 2013

On May 3, 2013, the Internal Revenue Service (IRS) published proposed regulations implementing the ACA's health insurance premium tax credit, as

South Carolina Supreme Court (reluctantly) upholds sales tax exemptions

  • Reed Smith LLP
  • -
  • USA
  • -
  • May 9 2013

Yesterday, the South Carolina Supreme Court issued its long-awaited decision in Bodman v. South Carolina, holding that the state's sales and use tax

Two more courts 'just say no' to transfer taxes for Fannie and Freddie

  • Reed Smith LLP
  • -
  • USA
  • -
  • May 7 2013

Last week, two more federal district courts dismissed suits seeking to collect transfer real estate taxes from Fannie Mae, Freddie Mac, and their

Illinois tax developments (1st Quarter 2013)

  • Reed Smith LLP
  • -
  • USA
  • -
  • May 8 2013

Welcome to the first of a new series of quarterly updates from Reed Smith on state tax developments in Illinois. Every three months we will be giving

Cook County’s April Fool's Day joke -- use tax on non-titled personal property scheduled to go into effect April 1, 2013

  • Reed Smith LLP
  • -
  • USA
  • -
  • March 25 2013

Cook County, Illinois, has enacted a 1.25 percent use tax on the "value" of non-titled personal property (i.e., personal property other than motor

"Fiscal cliff" deal includes Medicare cuts and other health policy changes

  • Reed Smith LLP
  • -
  • USA
  • -
  • January 4 2013

On January 2, 2013, President Obama signed into law (via autopen) the "fiscal cliff" deal, H.R. 8, the American Taxpayer Relief Act of 2012 (ATRA). In

The Illinois conversion to market-sourcing for income apportionment begins to take shape

  • Reed Smith LLP
  • -
  • USA
  • -
  • August 12 2008

The Illinois Department of Revenue (“IDOR”) plans to begin promulgating new corporate tax regulations on a one-a-week basis, beginning after Labor Day

N.J. courts: no N.J. tax on limited partnerships - or their limited partners

  • Reed Smith LLP
  • -
  • USA
  • -
  • October 31 2012

If you are a corporate partner whose only connection with New Jersey is an interest in a partnership (and maybe even an LLC), you should file a refund claim as a result of last Friday’s BIS decision

Department continues to apply market-based sourcing; taxpayers continue to get favorable settlements

  • Reed Smith LLP
  • -
  • USA
  • -
  • April 23 2013

In many audits, the Department has been applying a market-based approach to sales-factor sourcing of receipts from services and intangibles. Many