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The Truth on Taxation of Olympic Gold Medals
Controversy arose this week when Americans for Tax Reform (ATR) produced an analysis which stated that gold medal winners would return to the United States to face a tax bill of $8,986 as a
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Self-Directed IRAs: Prohibited Transactions Can Get You in Trouble
When planning for retirement an individual retirement account (IRA) is a very common tax friendly way of saving. For most people that have a retirement plan, whether an IRA, 401(k), 403(b) or others, their
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Tennessee Court Holds that Wide Area Network Service is a Taxable Telecommunications Service
A Tennessee Trial Court has ruled that wide area network (“WAN”) services provided by IBM are taxable “telecommunication services” under Tennessee’s sales and use tax. IBM Corporation v. Farr, Civil No. 09-2144-I (Davidson County,
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Gillette and Others $34 Million Refund Claim Gets Appellate Court Approval
The First District Court of Appeals in San Francisco California reversed a lower court decision dismissing state income tax refund claims worth millions of dollars from multiple companies including Gillette, Kimberly-Clark, Procter-Gamble and others.
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Congress Hears Debate on Amazon Sales Tax
The U.S. House of Representatives Committee on the Judiciary heard testimony regarding the Marketplace Equity Act of 2011 (H.R. 3179), a bill that would allow states to collect sales tax from online retailers. The
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The Open Championship, A Taxing Golf Tournament
With the British Open…er…The Open Championship getting underway yesterday, now is a good time to review the UK’s taxation rules on non-resident athletes. Not only will the golfers in this week’s tournament be liable
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