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  • 1.  Sourcing of Income

    Bronze Most Valuable Member
    Posted 11-29-2016 04:24 PM

    I'm trying to find out if a State is using $500K of sales coming into their state as a guideline are they not caring anymore about "Common Carriers"??

     

    Regards,

     

    Alan

    516.326.6767 x116

    Brooks & Cantor LLP

    3000 Marcus Avenue – 2E4

    Lake Success, NY 11042

    brooksea@optonline.net

     



  • 2.  RE: Sourcing of Income

    Silver Most Valuable Member
    Posted 12-01-2016 10:15 AM

    If a state such as California has an economic nexus rule of $500 thousand of sales, method of delivery is not a factor.

    Sales of over $500 thousand = nexus and a return is required.  However if your only connection to the state is the sale of tangible personal property, you have nexus but are exempt from tax on net income under public law 86-272 (Federal Law).  You will however have to pay the minimum tax. 

    For more information on this topic: I am speaking Jan 17 at a NCCPAP evening seminar. Location to be determined.

    ------------------------------
    Brian Gordon
    State and Local Tax Director
    SANDERS THALER VIOLA & KATZ,LLP
    Jericho NY
    516-704-7130

    Original Message


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