state tax Archives

Hopping On the Bandwagon: New Jersey Division of Taxation Unveils Voluntary Transfer Pricing Initiative

June 24, 2022 By Maria Eberle, Lindsay LaCava and Dmitrii Gabrielov 4 Mins Read

New Jersey is the latest state to unveil a voluntary initiative to examine transfer pricing for taxpayers with intercompany transactions. The initiative is similar to recent programs in North Carolina, Indiana, and Louisiana (see our prior coverage here and here, as well as our prior coverage of the Multistate Tax Commission’s ongoing transfer pricing collaboration and enforcement initiatives). The New Jersey Division of Taxation published guidance outlining the voluntary transfer pricing initiative last week (NJ…

Louisiana Latest State to Institute Voluntary Transfer Pricing Audit Program

November 1, 2021 By Maria Eberle, Lindsay LaCava, Mark Yopp, Nicole Ford, Drew Hemmings and Dmitrii Gabrielov 3 Mins Read

Beginning November 1, 2021, the Louisiana Department of Revenue (“Department”) will be offering taxpayers the opportunity to participate in a voluntary transfer pricing “managed audit” program (the “Program”). Pursuant to a recently released Department information bulletin, the purpose of the Program is to: Create an efficient and expedited resolution for corporate tax audits when transfer pricing issues exist; andProvide certainty and uniformity to taxpayers on the resolution of transfer pricing issues for open audit periods…

New York State Issues Personal Income Tax Sourcing Guidance for Nonresident Employees Telecommuting Due to COVID-19 Pandemic

October 28, 2020 By Maria Eberle, Lindsay LaCava, Mark Yopp, Nicole Ford, Dmitrii Gabrielov, Trevor Mauck and Michael Tedesco 7 Mins Read

The New York State Department of Taxation and Finance (“Department”) recently published guidance stating that a nonresident’s income will be sourced to New York State unless the nonresident’s remote work location meets the “bona fide employer office” exception to the “convenience of the employer test.” Specifically, the Department addressed a question in its FAQs regarding how to source income for Personal Income Tax purposes where a nonresident’s primary office is in New York, but the…

States Revisit Transfer Pricing Enforcement with New Initiatives

August 7, 2020 By Maria Eberle, Lindsay LaCava and Drew Hemmings 3 Mins Read

Two states recently unveiled transfer pricing enforcement tactics to, in their view, combat improper intercompany profit shifting.