Tax & Accounting Blog

Ask the Expert: California Withholding on 1099-MISC Reportable Payment

Ask the Expert: California Withholding on 1099-MISC Reportable Payment

Question: A company located in California says, “Some questions are still coming up about compliance with the California 7% income tax withholding requirement on payments we make to out-of-state artists for services here in California. If they have a California resident agent and our check is payable to the agent, does that eliminate the withholding … Read More

Property Tax Changes in Missouri and Florida

Property Tax Changes in Missouri and Florida

Missouri – Personal property appraisal reports (Reg. 12 CSR 30-3.065, effective 07/30/2013) The MO DOR amends the regulation that describes the content and guidelines for the composition of appraisal reports used as evidence in tax commission hearings. Personal property appraisal reports must be a narrative containing (at a minimum): A description of the property The … Read More

Recent Developments in FATCA Intergovernmental Agreements and Implementation

Recent Developments in FATCA Intergovernmental Agreements and Implementation

The United Kingdom released Guidance Notes and draft regulations covering internal UK administration of rules for identification and certification of financial institutions, classification and reporting of accounts, and reporting of certain accountholder information under the intergovernmental agreement (IGA) with the United States for implementation of the U.S. Foreign Account Tax Compliance Act. Under the … Read More