Tax & Accounting Blog

Tax Document Processing: It’s your bottom line – control it!

Tax Document Processing: It’s your bottom line – control it!

  How do corporate tax departments and service providers evaluate solutions for processing tens of thousands of assessments and tax bills each year?  Two factors are cited as the most important by most tax leaders:  Cost and Accuracy. Teams that process hundreds or even thousands of documents per day are continuously seeking the best solution … Read More

IRS Requests Comments on the Tax Consequences of a Decanting Trust

IRS Requests Comments on the Tax Consequences of a Decanting Trust

In a Notice, the IRS has requested comments on when and under what circumstances transfers by a trustee of all or a part of the principal of an irrevocable trust (Distributing Trust) to another irrevocable trust (Receiving Trust), sometimes called decanting, that result in a change in the beneficial interests in the trust aren’t subject … Read More

2013 Property Tax Assessment Notices Mailed in Washington DC

2013 Property Tax Assessment Notices Mailed in Washington DC

The District of Columbia Office of Tax and Revenue (OTR) has begun mailing tax year 2013 real property tax assessment notices to real property owners. The OTR reassessed a total of 190,000 taxable and exempt real properties to reflect current market values as of January 1, 2012, with residential properties showing a decrease of 0.43% … Read More