Tax & Accounting Blog

Delaware Proposes Regulation for Certain Securities and Related Property

Delaware Proposes Regulation for Certain Securities and Related Property

The securities proposed regulation defines “Securities and Related Property” as property that consists of: Intangible ownership interests in corporations, whether or not represented by a stock certificate, bonds, and other securities; Dividends, cash, stock and other distributions made (or attempted to be made) by issuers of securities in respect of … Read More

onesource

Penalties for Failure to Comply with NRA Withholding and 1042-S Information Reporting: Part 2 – A Penalty for Late Deposit

The IRS prescribes when deposits of NRA withholding are required in IRS Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities. A payer who fails to make a required deposit of withheld taxes within the time prescribed is liable for a penalty on the underpayment (i.e., the excess of the … Read More

We’re Listening: Modern and Common User Interface

We’re Listening: Modern and Common User Interface

You asked… we’re delivering. At the 2011 ONESOURCE User Conference, we heard feedback from our 1500+ clients in attendance via a new program launched so that we could hear everything our customers care about most. In this series, I’ll share with you how we’re implementing customer … Read More

IRS Rev. Proc. 2012-13 Specifies Value Limitations for 2012 Employer-Provided Vehicles for Sec. 1.61-21 FMV of Personal Use by Employees

IRS Rev. Proc. 2012-13 Specifies Value Limitations for 2012 Employer-Provided Vehicles for Sec. 1.61-21 FMV of Personal Use by Employees

ONESOURCE January 30, 2012

IRS Rev. Proc. 2012-13, issued on January 13, provides: 1) The maximum value of employer-provided vehicles first made available to employees for personal use in calendar year 2012 for which the vehicle cents-per-mile valuation rule provided under Section 1.61-21(e) of the Income Tax Regulations may be applicable is $15,900 for a passenger automobile and … Read More