Reed Smith Client Briefings

Welcome to the latest Reed Smith update on recent developments in Massachusetts state tax.

Authors: Michael A. Jacobs Robert E. Weyman Brent K. Beissel Sebastian C. Watt

Type: Client Alerts

In this update, we’ll discuss the following developments:

  • Corporate excise tax implications of the Department’s decision to treat software as tangible personal property
  • The corporate excise tax treatment of excess inclusion income
  • A challenge to the Department’s authority to adjust net operating loss (“NOL”) carryforwards
  • Sales tax sourcing appeals pending at the Appellate Tax Board (“ATB”)
  • The application of the manufacturing classification to sales companies included in a combined report
  • The sales tax directive on economic nexus, and the recently issued proposed regulation that replaced the directive
  • Administrative and budget updates
  • The latest in Massachusetts tax controversy.