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STATE AND LOCAL TAX

Client maintains a website, theme being lifestyles for individuals (an information center on recreation, quality of life, dining, theatre, etc.)

Client's customer base are restaurants, playhouses. etc. The service they provide to their clientele is advertising via the internet.

Question: Client files income tax returns in the following states: CA, IL, NY. Is the gross revenue reported on income tax returns for each state subject to sales tax in the respective state? Explain in detail for any two of the states.

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M91790912

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