The Good News: The existing “Streamlined” procedure for non-resident, non-compliant taxpayers has been expanded significantly to permit many more non-filers to qualify for full abatement of penalties. Like the existing procedure, the new procedure (available here) requires taxpayers to file tax returns for the three most recent years and to file foreign bank account reports (FBARs) for…

In this fast-paced presentation, David Fruchtman (chair of State and Local (Subnational) Taxation at Rimon P.C.) analyzes the most important developments in multistate and local tax legislation, case law and administrative pronouncements. Topics covered will be determined based upon current developments. Prior presentations have addressed tax presence, federal legislation, state legislation, click-through nexus, retroactive taxation,…

State and local taxes include a variety of taxes – income, franchise, sales, use, gross receipts, hotel occupancy, real property transfer, telecommunication and myriad other excise taxes imposed by thousands of jurisdictions.  In this four-part series, we focus on the most prevalent of these taxes – sales and use taxes.  Here, we alert Rimon’s clients…

On June 28, 2011, Governor Jerry Brown of California signed an amendment to the California tax code which would impose on large Internet retailers the obligation to collect sales tax (technically “use” tax – but for our purposes, it’s equivalent to sales tax) from California customers. Initially, Amazon took the battle to a new level…

If you are a company with operations in both the United States and Israel, you should be aware of several very important U.S. and Israeli Tax issues when you engage in cross border operations. I have set forth below several of the main issues. This list is not exhaustive and only reflects briefly the main…

The IRS has now implemented a special approved penalty framework for resolving the civil side of offshore voluntary disclosures and this approved penalty framework is effective till September 23, 2009 at which time the IRS intends to re-evaluate the approved penalty framework. Under the approved penalty framework, the taxpayer has to file correct or amended…