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California Senate Bill 122 amends the California Revenue and Taxation Code (RTC) to expand the state’s sales and use tax base to include prewritten computer software transferred on tangible storage media, transferred electronically or accessed remotely, operative January 1, 2027. While the statute left a significant amount of operative detail to be developed, additional guidance…
A proposed federal bill could create a new pathway for taxpayers to address past digital asset reporting issues. Cryptocurrency taxation has been a source of confusion for investors since digital assets became mainstream. Many taxpayers have struggled with reporting requirements, particularly when dealing with activities such as trading, staking, airdrops and transfers across multiple platforms….
Most software founders treat sales tax as a solved problem once they implement a compliance platform and enable nexus monitoring. The more difficult question is not where you have nexus, but what exactly you are selling. That answer varies from state to state. It changes when legislatures amend statutes, when tax authorities issue new guidance…
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