Tax & Accounting Blog

State tax authorities have the ability to increase the tax base of your state affiliates if they can assert that your intercompany pricing is inconsistent with the arm’s length principle.  Under section 482 in the Internal Revenue Code, state action may take the form of transfer pricing adjustments, the adding back of related party expenses, … Read More

The Nevada Tax Commission has refused to refund more than $15 million to Station Casinos that have been paid in sales taxes on complimentary meals that it has given to players and employees over the past 8 years. Station attorney John Bartlett explained there is a court hearing coming up on 17 October 2012 in the … Read More

Be on the lookout for fall B-Notices. During the second week of September, the IRS began sending out B-Notices to payers who filed tax year 2011 1099 forms. These notices list incorrect payee name and TIN combinations as well as payees without a TIN. Paper B-Notices (CP2100A for less than 250 mismatches) are mailed out first, and are followed … Read More

Marion Community Neighbors Protecting Neighbors, a group supporting passage of a 0.25 percent sales tax increase in Marion County, hosted a fundraiser at Buffalo Wild Wings Saturday, October 6th. Attendees found out how to become involved in the “campaign to improve their friends’ and family’s safety and quality of life in the Marion community,” states a press … Read More

Join us Thursday, October 11th 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

Three candidates for seats in the South Dakota Legislature, debated increasing the state sales tax on Tuesday, 2 October 2012. Two current lawmakers, state Sen. Dan Lederman, R-Dakota Dunes, and state Rep. Jim Bolin, R-Canton, argued against the 1.0% tax increase that will go before South Dakota voters in Initiated Measure 15. This measure would raise the state tax … Read More