Tax & Accounting Blog

Understanding the Difference between Documented and Undocumented

It is important to keep in mind that, as a general rule, all US source payments made to non-US residents are subject to 30% withholding. To apply a reduced (or zero) rate of withholding, the non-US person must provide valid documentation. If your securities account is with a Withholding Agent (a Qualified Intermediary, Non-Qualified Intermediary … Read More

Amazon is taking its fight to the people of California, not the courts, to overturn new click-through nexus

Amazon is taking its fight to the people of California, not the courts, to overturn new click-through nexus

Amazon wants California voters to strike down the new click-through nexus law. Amazon filed a petition to get a measure on the California ballot to ask voters to repeal the new rule that requires all companies with in-state affiliates to collect sales tax.  The company has until September to gather 504,760 signatures to qualify the … Read More

Cost Basis Reporting Developments

Cost Basis Reporting Developments

Over the last few weeks, the IRS issued guidance regarding cost basis reporting requirements that go into effect during 2011 and 2012.  Below is a brief summary of the recent guidance and links to access the details. FAQs – In late April, the IRS issued a series of Frequently Asked Questions (FAQs) explaining rules for cost basis reporting … Read More

Wichita Conference 2011

Wichita Conference 2011

There will be “energy” in the air July 31st through August 4th 2011 in Wichita Kansas. Jeff Binkley, Senior Director with Thomson Reuters Property Tax Services, will be moderating the panel  “Which Way From Here: Direction of Electric Power Generation” at the 2011 Appraisal for Ad Valorem Taxation Conference at Wichita State University, in Wichita, Kansas on … Read More

Unclaimed Property Expert to Speak at 2011 Holders Seminar

Unclaimed Property Expert to Speak at 2011 Holders Seminar

ONESOURCE Unclaimed Property professional, Kathleen H. Moyer, Senior Manager, will be speaking at the Unclaimed Property Professionals Organization (UPPO) 2011 Holders Seminar, July 25-26, 2011, in Cambridge, MA. Kathy will be co-presenting on the seminar’s Insurance Industry Panel. There have been many recent changes in the Insurance Industry when it comes to unclaimed property. This … Read More

Ohio Tax Amnesty Program announced for 2012

Ohio Tax Amnesty Program announced for 2012

The 2012-2013 Ohio budget bill, signed by the governor on June 30, 2011, contains a tax amnesty program for certain delinquent state and local taxes, including sales and use taxes, corporate franchise tax, commercial activity tax, estate tax, motor fuel taxes, cigarette taxes, school district income taxes, and tangible personal property taxes. The tax amnesty … Read More