Tax & Accounting Blog

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Supreme Court Denies Cert.: Online Companies Must Keep Collecting Sales Tax in NY

According to Reuters, the United States has refused to hear Amazon.com and Overstock.com’s appeal of the New York State Court of Appeals decision in Overstock.com, Inc. and Amazon.com, LLC v. New York State Dept. of Taxation & Finance, 20 NY3d at 590 (March 28, 2013). Docket no. 13-252 provides the headlines, but … Read More

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Wisconsin Form 1099-MISC and 1099-R Filing Change Affects 2013 Reporting

Wisconsin has made a major change in Form 1099 reporting requirements, and it applies to reportable payments made in calendar year 2013 which are reportable to the Wisconsin Department of Revenue in 2014. As announced by the Wisconsin DOR, beginning in January 2014 employers and other persons who make payments that must be reported on … Read More

According to Thomson Reuters Poll, Tax Leaders from Global 2000 Companies Struggle to Find Accurate and Complete Data

According to Thomson Reuters Poll, Tax Leaders from Global 2000 Companies Struggle to Find Accurate and Complete Data

NEW YORK, December 3, 2013 — According to a recent Thomson Reuters poll, consolidating and gathering tax-related data requires the most effort during the compliance process (with 44 percent of respondents indicating as such).  Other areas of focus for tax departments include. Read press release.Read More

December 2013 International Indirect Tax Updates

December 2013 International Indirect Tax Updates

The following VAT changes came recently into effect: India Tripura On November 20th, 2013 the Official Gazette of India Tripura published the Notification No. F-I-11(17)-TAX/2007, in which the current standard VAT rate of 13.5% is being        increased to 14.5%. The change became effective from the date of its publication, from … Read More

ECJ Judgment in case C-494/12 on the interpretation of “Supply of Goods”

ECJ Judgment in case C-494/12 on the interpretation of “Supply of Goods”

On 5 November 2012 the First-tier Tribunal (Tax Chamber) of the United Kingdom had requested a preliminary ruling from the Court of Justice of the European Union (ECJ) in case Dixons Retail Plc v Commissioners for Her Majesty’s Revenue and Customs (Case C-494/12) referring VAT questions related to the definition of “supply of goods” and … Read More

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IRS Releases Draft of Instructions for Form 1042 for 2014

On November 6, the IRS has released a draft of the new Instructions for Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons, for 2014. As the draft of the form itself, issued earlier this year without any instructions, showed, the IRS is making substantial changes in Form 1042 and expanding … Read More