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Idaho Wants $1.4 Million in Taxes Claiming Share of $120 Million Gain from Sale of Equity in Virginia Pass-Through

Idaho argues that gain from the sale of a majority interest in Virginia pass through LLC was apportionable business income, not nonbusiness income allocable to Virginia as reported by the Virginia owner. M&A Stories February 9, 2021 Introduction Selling a

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

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