Tax & Accounting Blog

Why Should I Improve My State Apportionment Process?

Why Should I Improve My State Apportionment Process?

Over the last few years, tax departments still face the same three management objectives: Budget: Requests to do more with less, or to keep spending costs low without recognition of increased complexity and workload Risk Mitigation:  The need to get returns out the door, but we must also support provision reporting with an increased focus … Read More

Ask the Expert: The W-9 in response to B Notice does not have a signature

Ask the Expert: The W-9 in response to B Notice does not have a signature

Question: We received a new Form W-9 from a vendor, in response to the “First” B-Notice letter we sent them after the vendor was on our recent B-Notice list from the IRS showing that the taxpayer ID number we used on the last Form 1099-MISC for this vendor didn’t match the vendor name. But we … Read More

Local Government Reorganization In Indiana

Local Government Reorganization In Indiana

Effective 07/01/2013, the bill specifies: After a reorganization a political subdivision may establish funds and impose tax levies A merged township may use funds to pay the indebtedness of the new government, make improvements to infrastructure, transfer funds to a transportation corporation, improve fire departments, establish an equipment replacement fund and reduce terms of township … Read More

IRS Releases Drafts of W-9, W-8BEN and W-8BEN-E Forms

IRS Releases Drafts of W-9, W-8BEN and W-8BEN-E Forms

The IRS has released their initial draft of the new Form W-9 as well as the second drafts of the W-8BEN and W8-BEN-E forms. It is helpful to look at these draft forms now and determine how your organization will go about implementing their use when the final versions are issued. There are implementation deadlines … Read More