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Tom Brady’s suspension reinstated, so what are the potential Massachusetts tax consequences?

Deflategate and the NFL’s suspension of quarterback Tom Brady for 4 games has been the NFL’s biggest news story of the past two years. On Monday, the United States Court of Appeals for the Second Circuit ruled in favor of the NFL, overturning a lower judge decision to vacate Patriots quarterback Tom Brady’s four-game Deflategate … Continue Reading

ATB rules that orthopedic braces sold by orthopedic surgeon are exempt from sales and use tax.

Earlier today, the Appellate Tax Board (“ATB”) released its Findings of Fact and Report in Excel Orthopedic Specialists, Inc. v. Commissioner, holding that orthopedic braces—rigid and semi-rigid knee, elbow, ankle, wrist, and back braces—were exempt from sales and use tax when sold by a medical practice of orthopedic surgeons.  The ATB concluded that the braces … Continue Reading

Welcome to Reed Smith’s Massachusetts SALT Blog

If you’re reading this, you understand the necessity of keeping up-to-date on Massachusetts tax law—but know it isn’t always easy.  Legislative enactments, judicial opinions, and new Department of Revenue policies combine to create a tax environment that is constantly changing.  Our blog will help you stay current by providing the latest tax developments as they … Continue Reading