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Convenience And Order Processing Fees Not Subject To Sales Tax
March 31, 2020
The taxpayer, ("TP"), operates the Event Center in Salt Lake City, Utah. The Utah Jazz play their home games at the Event Center. TP sells tickets to the events held...

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Recent Reports

When Is A Dividend Includible In Gross Income?
March 31, 2020
P is a wholly-owned subsidiary of FW, a publicly held resident foreign corporation organized under the laws of the U.K. . P owns all of the stock of E, a Canadian cor...
Parking Revenues Qualify As "Rents From Real Property"
March 31, 2020
TP and REIT A, (together, "Companies"), have each elected to be taxed as a REIT. REIT A and LLC, a REIT,plan to develop an unimproved parcel in Area, ("Par...
When Can A Delaware Corporation Repurchase Its Stock?
March 31, 2020
At the risk of incurring the wrath of certain politicians, those corporations who are not participating in government loan programs (and are therefore temporarily barred from r...
Termination Of A Trust Is Not Analogous To A Merger
March 30, 2020
Per Illinois Code, a tax is imposed on the privilege of using any motor vehicle acquired by...transfer... Similar language is used for the Aircraft and Watercraft Use Tax. In 2...