Q: Melanie operates Mel’s Bakery in Foxboro, Massachusetts with retail stores in
Melanie operates Mel’s Bakery in Foxboro, Massachusetts with retail stores in Connecticut, Maine, Massachusetts, New Hampshire, and Rhode Island. Mel’s also ships specialty breads nationwide upon requ...
See AnswerQ: Kai operates the Surf Shop in Laie, Hawaii, which designs
Kai operates the Surf Shop in Laie, Hawaii, which designs, manufacturers, and customizes surf boards. Hawaii has a 4 percent excise tax technically paid by the seller. However, the state also allows "...
See AnswerQ: USCo manufactures and markets electrical components. USCo operates outside the United
USCo manufactures and markets electrical components. USCo operates outside the United States through a number of CFCs, each of which is organized in a different country. These CFCs derived the followi...
See AnswerQ: Last year, Reggie, a Los Angeles, California resident,
Last year, Reggie, a Los Angeles, California resident, began selling autographed footballs through Trojan Victory (TV), Incorporated, a California corporation. TV has never collected sales tax. Last y...
See AnswerQ: LeMond Incorporated, a Wisconsin corporation, runs bicycle tours in several
LeMond Incorporated, a Wisconsin corporation, runs bicycle tours in several states. LeMond also has a Wisconsin retail store and an Internet store that ships to out-of-state customers. The bicycle tou...
See AnswerQ: Windmill Corporation manufactures products in its plants in Iowa, Canada,
Windmill Corporation manufactures products in its plants in Iowa, Canada, Ireland, and Australia. Windmill conducts its operations in Canada through a 50 percent owned joint venture, CanCo. CanCo is t...
See AnswerQ: Spartan Corporation manufactures quidgets at its plant in Sparta, Michigan.
Spartan Corporation manufactures quidgets at its plant in Sparta, Michigan. Spartan sells its quidgets to customers in the United States, Canada, England, and Australia. Spartan markets its products...
See AnswerQ: Jane has been operating Mansfield Park as a C corporation and decides
Jane has been operating Mansfield Park as a C corporation and decides she would like to make an S election. What is the earliest the election will become effective under each of these alternative scen...
See AnswerQ: In what circumstances would a business be subject to income taxes in
In what circumstances would a business be subject to income taxes in more than one state?
See AnswerQ: What are the potential U.S. tax benefits from engaging
What are the potential U.S. tax benefits from engaging in a §863(b) sale?
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