Retail tax alerts
Welcome to our latest quarterly issue of Tax Hot Topics Retail Update. Each edition covers legislative, regulatory, case law and administrative guidance changes that can affect retailers and their stakeholders.
This May 2013 edition discusses the IRS’s proposed changes to the retail inventory method of accounting and the latest developments in states’ efforts to withdraw from the Multistate Tax Compact. In addition, we cover the recent changes in combined reporting, including the controversial New Mexico combined reporting legislation that is exclusive to big box retailers.
Other state and federal topics include:
- states provide tax credits for hiring veterans,
- Sixth Circuit denies rehearing of FICA tax severance pay case, and
- retailers engaged in sale of fuel may be entitled to beneficial property tax exemptions in Texas, and
Related documents
Tax Hot Topics Retail Update - May 2013 This edition discusses the IRS’s proposed changes to the retail inventory method of accounting and the latest developments in states’ efforts to withdraw from the Multistate Tax Compact.
Tax Hot Topics Retail Update - February 2013 This edition discusses the tax implications of federal health care reform and “fiscal cliff” legislation that affects retailers, the federal FICA tip credit and the state income tax base.
