SALT & Pepper
What Illinois Auto Dealers, Financial Institutions and other Lessors Need to Know About Taxing Post Lease Charges
March 12, 2018
Authored by: David Machemer
In:
State & Local Tax (SALT)Three years ago, Illinoisans cheered the changes to the motor vehicle leasing law that were to lead to tax savings for lessees and level the playing field with other state's leasing laws. Now, as the first wave of three-year leases comes to an end, lessors can no longer afford to overlook these changes regarding the post-lease charges.
Read MoreSouth Dakota v. Wayfair, Inc. and Illinois' Marketplace Fairness Act
March 02, 2018
Authored by: Fred Marcus
In:
State & Local Tax (SALT)The U.S. Supreme Court granted South Dakota's certiorari petition in South Dakota v. Wayfair, Inc. et al., No. 17-494 and scheduled oral arguments for April 17, 2018. Illinois now proposes to enter the fray with the Marketplace Fairness Act.
Read MoreThe Unique Quandaries Faced in Recovering International Cryptocurrency Frauds
February 01, 2018
Authored by: Eric (Rick) Rein
In:
International Asset RecoveryCryptocurrency itself is a string of computer-generated code. For asset protection purposes, a cryptocurrency account currently functions similarly to offshore banking prior to the IRS’s crackdown of anonymous personal foreign accounts. At the moment, creditors face obstacles of identifying potential defendants and the international nature of the transaction.
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