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December 19 , 2007

Det. No. 05-0142, 26 WTD 256 (2007) - An advertising company protests a B&O tax assessment on commissions, which the taxpayer contends were advertising agency discounts from the taxpayer’s normal rate of billing.  The transactions reviewed involved bona fide discounts on sales through advertising agencies.  The discounted rate was the proper measure of tax.  We grant the petition subject to verification.

Det. No. 06-0098, 26 WTD 260 (2007) - A financial institution requests a refund of B&O tax paid in relation to its investment activities contending it pays B&O tax on gains, thus it should be able to take a deduction for losses on unpaid principal amounts.  We deny the taxpayer’s petition for refund.

 

 

 

 

 

 

 

 

 

 

 


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