Practice Areas
- US and Cross-Border Corporation Taxation
- US and Cross-Border Individual Taxation
- State and Local Taxation Including Income and Sales Tax
Industries
- Cloud computing and information technology
- Manufacturing and distribution
- Healthcare
- Legal services
- Retail and consumer products
Fuller Insights
State tax surprises could await unwary online vendors
In 2021, the Multistate Tax Commission (MTC) updated its Statement of Information Concerning Practices of the Multistate Tax Commission and Supporting States Under P.L. 86-272 with guidance addressing online activities. For more than 50 years, P.L. 86-272 has limited a state’s ability to impose income tax on an out-of-state vendor that does nothing more than
... Read MoreBiden’s new tax proposal aims to regulate all paid US tax return preparers
Fuller Landau welcomes President Biden’s tax proposal to vest Internal Revenue Service (IRS) with authority to regulate all paid preparers of US tax returns and establish mandatory minimum competency standards. IRS’ current authority extends only to licensed attorneys, certified public accountants (CPA), enrolled agents (EA) and actuaries. Attorneys, CPAs and actuaries are also subject to
... Read MoreCOVID-19: US CARES now allows for carryback of net operating losses
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) amended Internal Revenue Code Section 172(b)(1) to allow carryback of net operating losses (NOL) arising in tax years beginning after December 31, 2017 and before January 1, 2021 (NOL period). The “Carryback Period” includes each of the five taxable years preceding the taxable year in
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