Tax & Accounting Blog

TIN truncation on Form 1099 payee statements will continue under new proposed regulations

TIN truncation on Form 1099 payee statements will continue under new proposed regulations

The IRS has published proposed new tax regulations for truncating taxpayer identification numbers on the recipient statements for Forms 1099 – including the expansion of TIN truncation to include not only paper 1099 statements, but also 1099 statements furnished electronically.  However, the proposed regulations limit TIN truncation to social security numbers (SSNs), individual taxpayer identification … Read More

IRS Adds Form 1099-B to the Combined Federal/State Reporting Program

IRS Adds Form 1099-B to the Combined Federal/State Reporting Program

The IRS has added Form 1099-B, Proceeds From Broker and Barter Exchange Transactions, to the Combined Federal/State Reporting Program (CFSFP) beginning with the filing of Forms 1099-B for tax year 2012. As detailed in IRS Announcement 2013-3, this change is an important revision to the IRS electronic file specifications which originally were issued … Read More

Webcast: ONESOURCE Indirect Tax – Sales Tax Update: January 2013

Webcast: ONESOURCE Indirect Tax – Sales Tax Update: January 2013

Join us Thursday, January 10th at 10AM PT (1PM ET) as sales tax experts from our ONESOURCE Indirect Tax team present a variety of tax topics and answer questions submitted by participants. – Product Taxability Changes – Sales Tax Holidays – Amnesty Programs – Tax Rate Questions Submitted by Participants – Sales, Use, VAT, and Excise … Read More

itelligence Partners with Thomson Reuters to Provide SAP® Customers with Powerful Tax Solutions

itelligence Partners with Thomson Reuters to Provide SAP® Customers with Powerful Tax Solutions

Blue Ash, Ohio — January 9, 2013 — itelligence today announced that it has formed a strategic partnership with Thomson Reuters’ ONESOURCE Indirect Tax, one of the world’s largest tax software technology providers, to provide customers with tax integration via ONESOURCE Indirect Tax Integration for SAP. Through ONESOURCE Indirect Tax, itelligence customers will benefit from … Read More

Utah State Tax Commission’s 2013 Property Tax Announcements Includes Delinquent Rates

Utah State Tax Commission’s 2013 Property Tax Announcements Includes Delinquent Rates

Property Taxpayers in Utah will not see a change in the delinquent rate but will have a small increase in personal property tax exemptions.  The Utah State Tax Commission has announced that the 2013 delinquent real and personal property tax interest rate remains at 7%. In addition, the personal property exemption is increased from $3,900 … Read More