Massachusetts Court Subjects Nonresident to Income Tax on Gain from Stock Sale
By EsqSocial Corporation 18/04/25
In a decision with troubling potential implications, a Massachusetts appellate court held that a nonresident individual was subject to Commonwealth income tax on capital gain from the sale of his stock in the corporation that he formed and worked for because the court concluded that it related to his trade or business in the Commonwealth. Craig H. Welch v. Comm’r of Rev., No. 24-P-109 (Mass. App. Ct., Apr. 3, 2025)....
By: Blank Rome LLP