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Idaho Seeks $1.4 Million Tax from $120 Million Gain in Virginia Pass-Through Equity

Learn about the complex tax implications when selling a business across states. Explore a case involving Idaho’s pursuit of $1.4 million in taxes from a Virginia pass-through equity gain. M&A Stories February 9, 2021 Selling a Business Across States: Tax

Posted in nonbusiness income, state and local tax Tagged with: , , , , , , , , , , , , , , ,

Selling Company’s $309 Million Stock Profit Might Avoid California Franchise Tax as Nonbusiness Income

Explore the tax implications of a $309 million stock sale and California Franchise Tax. Gain insights into the Fidelity National Info. Services, Inc. v. Franchise Tax Board case and how it impacts cross-state stock sales. July 8, 2020 Introduction: When

Posted in nonbusiness income/sale of subsidiary, state franchise/income tax, unitary business Tagged with: , , , , , , , , , , ,

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