Stephen P. Kranz
Subscribe to Stephen P. Kranz's PostsStephen (Steve) P. Kranz is a tax lawyer who solves tax problems differently. Over the course of his extensive career, Steve has acquired specific skills and developed a unique approach that helps clients develop and implement holistic solutions to all varieties of tax problems. He combines strategic thinking with effective skills for the courtroom, the statehouse and the conference room. Read Stephen Kranz's full bio.
Best Practices for State Engagement of Private Unclaimed Property Auditors
By Diann Smith and Stephen P. Kranz on Apr 29, 2014
Posted In Delaware, Nationwide Importance, Unclaimed Property
The U.S. Chamber Institute for Legal Reform has released a report detailing current problems with states using private companies for unclaimed property audits and paying those auditors based on the amount recovered. The report begins with an example of what can go wrong when private auditors are paid on a contingent basis. The nightmare story...
Continue Reading
MTC State Transfer Pricing Program Looms on the Horizon
By McDermott Will & Emery, Diann Smith and Stephen P. Kranz on Apr 7, 2014
Posted In Nationwide Importance, Transfer Pricing
More formal, rigorous, and perhaps more frequent, state transfer pricing audits appear to be looming on the horizon, as the Multistate Tax Commission (MTC) is set to launch a design and development project tasked with presenting a preliminary draft program by year’s end, with a final program recommendation due by the MTC’s annual meeting in...
Continue Reading
U.S. Supreme Court Denies Certiorari to Review New York’s Click-Through Nexus Law
By Mary Kay McCalla Martire and Stephen P. Kranz on Dec 5, 2013
Posted In New York, Nexus, Sales Tax
The U.S. Supreme Court has declined to consider the constitutionality of New York’s “Amazon” click-through sales tax nexus law, leaving it in effect and emboldening other states’ similar efforts. Unless federal legislation is enacted, interstate retailers are facing an era of unprecedented uncertainty as states seek to apply their new laws to compel tax collection...
Continue Reading
National Conference of State Legislatures to Tackle Key State Tax Policy Questions
By Arthur R. Rosen, Diann Smith, Jane Wells May and Stephen P. Kranz on Mar 7, 2013
Posted In Constitutional Issues, Nationwide Importance, Procedure
The National Conference of State Legislatures’ (NCSL) Executive Committee Task Force on State and Local Taxation has expanded its scope to include all significant tax policy issues facing the states. As part of its expanded scope, the task force has met with industry representatives to identify tax policy topics that would benefit from the task...
Continue Reading
