Lexis state tax guide on digital content and cloud services.

[United States] : Matthew Bender & Company, Inc., [2013]-

[Place of distribution not identified] : [LexisNexis], [2013]-

INTERNET

9781522131007 ebook

1 online resource

Updated regularly

(NjRocCCS)ccn00906507

This book captures the rules for taxing digital content and digital services in an effort to help vendors and purchasers accurately comply with their state tax obligations. The book sets out a framework for evaluating key tax compliance questions for sales and use as well as income tax. Chapter 2 defines digital content and cloud services for purposes of the tax decisions that any vendor or purchaser must make. Chapters 3 through 5 provide an understanding of the unique nexus (Chapter 3), characterization (chapter 4), and sourcing (Chapter 5) issues that surround taxation of digital content and cloud services. Chapters 6 through 56 provide an analysis of each state's law, regulations, and policies governing the taxation of digital content and cloud services. Each state specific chapter is broken down into two subsections: one covering sales and use tax issues, and a second covering income tax issues. Each state's sales and use tax section articulates the state's nexus guidelines and provides an overview of the state's general sales and use tax imposition and a chart identifying taxability for the most common digital content and cloud services. (Note: Chapters for states that do not impose a state sales tax will not have this chart). The second subsection in each state specific chapter contains the state's income tax nexus rules and an overview of the state's corporate income tax structure. This subsection also includes a chart identifying the state's approach to the characterization of specific digital content and cloud services for income tax purposes and explains how such characterization impacts both the availability of protection under Public Law 86-272 (discussed in detail in Chapter 3), as well as the situsing of the transaction for income tax purposes. The chart also identifies how revenue from the sale of specific digital content or cloud services should be reported for purposes of calculating the apportionment formula's sales factor. (Note: Chapters for states that do not impose a corporate income tax will not have this chart).

Author: <2019- > by Carolynn S. Kranz.

text file

Description based on source information screen, viewed March 22, 2022.

Original 9781522130994

Remotely Accessible Online Resources
All Resources

Digital content and cloud services