State and Local Tax (SALT)

News From the SALT Minds-Sept. 26, 2013

Summary. Overstock.com and Amazon.com's litigation against the State of New York over sales and use tax heats up as both firms file petitions in the United States Supreme Court to review the Court of Appeals of New York's decision against both firms. Background.

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News From the SALT Minds-Sept. 26, 20132020-01-03T11:55:01-05:00
State and Local Tax (SALT)
|Jack Brister, CMA
| Sep 12, 2013

Foreign Trusts: An Answer to the Capital Loss Debate

State and Local Tax (SALT)
|Jack Brister, CMA
| Sep 12, 2013

The enactment of the Small Business Job protection Act of 1996 expanded the differences in grantor trust rules for foreign and domestic trusts. At the same time, it narrowed the distributable net income (DNI) computation rules for foreign trusts. These changes leave little room for interpretation-with one major exception.

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Foreign Trusts: An Answer to the Capital Loss Debate2020-01-03T10:53:16-05:00