Tax & Accounting Blog

Corporate Tax Tool Shaping Students for Job Market

When Lehigh University adjunct professor of tax, Robert Duquette, CPA, utilized ONESOURCE Tax Provision and ONESOURCE Income Tax in his new course “Applied Federal Income Taxation: Planning and Compliance”, students initially registered because it promised real world exposure to a tool they’d most likely use in their future auditing careers. They completed the course with the confidence that … Read More

6050W Guidance – U.S. Payors Making Payments Outside the U.S.

6050W Guidance – U.S. Payors Making Payments Outside the U.S.

Issued by the IRS on August 19, Notice 2011-71 provides interim guidance under section 6050W of the Internal Revenue Code.  In summary, the guidance provides relief from some 6050W reporting and documentation requirements for payment settlement entities who are U.S. payors making payments to offshore accounts.   The Notice is the result of comments … Read More