Applying the New Jersey Corporation Business Tax Act to a foreign corporation that employs one employee to telecommute full-time from her New Jersey residence does not violate the federal Constitution, the Superior Court of New Jersey Appellate Division held March 2 (Telebright Corp. Inc. v. Director, New Jersey Division of Taxation, N.J. Super. Ct. App.…
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About: Ronald Marini
Recent Posts by Ronald Marini
Senate Accepts Levin Tax Havens Measure to Combat Offshore Tax Abuses
The Senate adopted an amendment to the surface transportation bill (S. 1813) by voice vote March 8 that would prohibit foreign financial institutions from having access to the U.S. financial system if they are found to be aiding tax evasion. Under Section 311 of the Patriot Act, Treasury can take a range of measures against…
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Success of Florida Boat Sales/Use Tax Cap
Florida took in nearly 10 times as much sales tax revenue on sales of tax-capped boats as the state projected in the first year of implementation of the Maritime Full Employment Act, which was signed in 2010. That’s according to a study released by the Florida Yacht Brokers Association and the Marine Industries Association of…
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FBAR Non-Filers Beware: Either Tax Fraud OR Filing a False Tax Return Can Result in Deportation
Recently the Supreme Court held in Kawashima v. Holder (Feb. 21, 2012) that filing a false tax return in violation of IRC Section 7206(1) as well as other criminal tax offenses are aggravated felonies which can result in deportation of a resident alien. Background, Mr. and Mrs. Kawashima were legal residents of the United States…
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