California – Appeals Court Upholds Taxpayer’s Right to Use Multistate Tax Compact’s Apportionment Formula

SALT Report 1766 – A California appeals court upheld a taxpayer’s right to use the Multistate Tax Compact’s apportionment formula to apportion their California net income for corporate franchise and income tax purposes. The taxpayer is a multi… Continue reading California – Appeals Court Upholds Taxpayer’s Right to Use Multistate Tax Compact’s Apportionment Formula

New Jersey – Division of Taxation Mail Destroyed in Fire

SALT Report 1764 – The New Jersey Division of Taxation issued a warning regarding tax returns and payments. On September 11, 2012, a delivery truck carrying mail addressed to the New Jersey Division of Taxation was involved in an accident and caug… Continue reading New Jersey – Division of Taxation Mail Destroyed in Fire

Iowa – Exemption Certificates for Energy Used in Processing and Agriculture

SALT Report 1763 – The Iowa Department of Revenue issued guidance regarding the sales tax exemption for energy used directly in processing and agriculture. Many taxpayers use the IA 843 Claim for Refund form to obtain a refund for taxes already pa… Continue reading Iowa – Exemption Certificates for Energy Used in Processing and Agriculture

New Jersey – Cooperative Interstate Tax Program

SALT Report 1762 -The New Jersey Division of Taxation reminds taxpayers that the New Jersey/New York Cooperative Interstate Tax Program ended on December 31, 2010. Since that date, any returns or payments received by the Division have been forward… Continue reading New Jersey – Cooperative Interstate Tax Program