Tax Law Defined® Blog

Showing 6 posts by Daniel G. Mudd.

You Down with CBD? Yea You Know Me – States Look to Incentivize and Tax Growing Hemp Industry

Planting the Seed – How the Hemp Industry Began to Bloom

Few products have ever taken the market by storm quite like hemp-based products have over the past year, with the most popular being CBD, or cannabidiol, a natural compound extracted from hemp with various recognized uses including potential health benefits.  Read More ›

Do Not Pass Go. Do Collect $200 – States Quickly Adding Marketplace Facilitator Collection Requirements Will Lead to New Strategies, Complications and Disputes

A lot has changed in the state and local tax world after the 2018 Wayfair[i] decision which finally paved the way for state revenue departments and other taxing authorities to force out-of-state sellers to collect tax on sales to customers if the retailer has sufficient economic nexus, instead of physical nexus, in that jurisdiction. 

[i] S. Dakota v. Wayfair, Inc., 585 U.S. ___, 138 S.Ct. 2080, 201 L.Ed.2d 403 (2018) Read More ›

I’ve Got Trust Issues – Are Nonresident Trusts the New Nexus Fight?

Nexus is nearly an impossible concept to grasp in most state and local tax (SALT) contexts as states continue grasping at more and more possible connections a taxpayer may have with a respective state – and the states have won most of these fights over time, whether it was economic nexus for income tax purposes slowly over the past several years, or most recently, in the sales tax context in Wayfair[1] earlier this year.  Read More ›

Kentucky Issues New Tax Regulations – Part II: The Importance of Tax Regulations and its Critical Role After Kentucky's Recent Tax Reform

Gavel over a tax law document part 2

As discussed in my previous blog post: Kentucky Issues New Tax Regulations - Part 1, Regulations have a critical role in the world of tax and can be both helpful and harmful to taxpayers in several instances. The importance of Regulations is even more evident after there has been tax reform efforts at the Federal, state and/or local levels.  Read More ›

The Importance of Regulations in Tax Law, Especially After Kentucky's Recent Tax Reform

The Importance of Regulations in Tax Law, Especially After Kentucky's Recent Tax Reform

The importance of regulations in the world of tax is often overlooked, but in many cases, regulations cut both ways – being a taxpayer’s best friend for guidance purposes or the government’s first line of defense when enforcing tax laws. (You can view Part 2 to this article by clicking here.) Read More ›

Kentucky Tax Reform – Big Changes for the Business Community

Kentucky Tax Reform – Big Changes for the Business Community

Kentucky legislative sessions are always full of twists, turns, and surprises. Read More ›

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Mark F. Sommer is FBT’s Tax, Benefits and Estates Practice Group leader, focusing on state, local and federal tax, incentives, tax controversy and litigation. He has successfully handled thousands of audits, protests, appeals, and transactional matters.

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