TWIST - November 4, 2019

All of this week’s TWIST episodes

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  Insight

  Massachusetts: Lawsuit-Related Proceeds Sourced to Massachusetts

  The Massachusetts Appellate Tax Board recently addressed how receipts derived from federal patent infringement litigation should be sourced.

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  Insight

  Illinois: Investment Advisory Receipts Sourced to Customer’s Billing Address

  In a pair of letter rulings, the Illinois Department of Revenue recently addressed how receipts from advisory services performed for investment funds should be sourced.

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  Insight

  Maryland: Tax Court Narrowly Construes Transfer Tax Exemption

  The Maryland Tax Court recently upheld the denial of a refund claim for county transfer taxes, state recordation taxes, and state transfer taxes paid by a SMLLC that purchased real estate in Maryland.

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  Insight

  Florida: Decrease in Sales Tax Rate Imposed on the Rental, Lease, or License to Use Real Property

  The Florida Department of Revenue has issued a bulletin reminding taxpayers that effective January 1, 2020, the sales tax rate imposed on renting, leasing, letting, or granting a license to use real property is decreased from 5.7 percent to 5.5 percent.

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  Insight

  Receipts from Licensing Right to Install and Replicate Software were not Attributed to Wisconsin

  The Wisconsin Court of Appeals recently affirmed a circuit court decision holding that, for the 2006-2009 tax years at issue, receipts from licensing the right to install and replicate proprietary software were not attributed to Wisconsin.