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LexisNexis Tax Center
LexisNexis Tax Advisor-Federal Topical: IRC Sec. 179 Effects on IRC Sec. 168 Depreciation Deductions

A new tax provision that extends the additional 50-percent first-year depreciation deduction under IRC Section 168(k) for certain qualified property that is acquired through 2009. The extension, enacted as part of the American Recovery and Reinvestment...

LexisNexis Tax Center
LexisNexis Tax Advisor-Federal Code: IRC Sec. 45 Credit For Electricity Produced From Certain Renewable Resources

A new tax provision extends the period during which qualified facilities may be placed in service for IRC Section 45 credit for electricity produced from certain renewable resources. For most qualified facilities, this provision, enacted as part of the...

Suzanne Solomon
A Dog's Life: The Helmsley Bequest (The Rest of the Story)

Hold the gold plated Milk-bones : The trustees of The Leona M. and Harry B. Helmsley Charitable Trust have prevailed in their bid to block Leona Helmsley’s billion dollar bequest to dogs . At issue was Mrs. Helmsley’s 2004 mission statement...

Timothy P. Noonan
The Amazon Tax: To New York and Beyond?

There has been a considerable buzz in state-and-local tax circles recently about New York’s so-called “Amazon Tax.” What started as a policy contained in an informal Tax Department publication has been transformed into a new statutory...

LexisNexis Legal Business Community Staff
LexisNexis® Tax Law Center Podcast featuring Phil Olsen of McCarter & English on the Adoption of Unitary Taxation of Corporations Doing Business in Massachusetts

On this edition, Phil Olsen discusses the recent adoption of unitary taxation of corporations doing business in Massachusetts, the rules that apply under the new regime, and how they may affect business activity in the state. Copyright© 2009 LexisNexis...

Sheldon Laskin
Capital One Nexus Ruling Limits Quill Standard

The Supreme Judicial Court of Massachusetts ("SJC") has ruled that physical presence is not required in order for Massachusetts to impose its financial institutions excise tax ("FIET") on two affiliated out-of-state banks as a result...