Tax & Accounting Blog

California Passes a 1 Year Reprieve of Affiliate Nexus Tax

California Passes a 1 Year Reprieve of Affiliate Nexus Tax

The California legislature has passed a bill (A155) that would repeal the Amazon nexus law for one year while Amazon lobbies for a Federal solution. The law, which is a deal brokered by California retailers and Amazon, will go into immediate effect upon the signature of Governor Brown. If Congress enacts a federal law allowing states to require … Read More

Japan’s Efforts to Conform with OECD Guidelines

Japan’s Efforts to Conform with OECD Guidelines

The Japanese National Tax Administration is seeking comments in line with their efforts to conform with the updated OECD guidelines. The most significant changes include the abolishment of the priority of methods and the adoption of the three profit based methods into law – comparable profit split, contribution profit split, and residual profit split. A practitioner, who … Read More

Want Proof of Mailing to the IRS on Time?

Want Proof of Mailing to the IRS on Time?

Don’t Rely on USPS First Class, Priority Mail or Delivery Confirmation Service Did you know that the only ways to establish prima facie evidence of delivery of documents that have a filing deadline prescribed by the Internal Revenue laws are the delivery methods that are specifically authorized in the tax regulations for timely mailing as … Read More

District of Columbia Issues Guidance on Sales Tax on Armored Car, Private Investigation, and Security Services

District of Columbia Issues Guidance on Sales Tax on Armored Car, Private Investigation, and Security Services

As was mentioned in an earlier post effective October 1, 2011, the District of Columbia sales and use tax will apply to sales of armored car, private investigation, and security services at the general 6% rate. These changes were enacted as part of the budget support legislation. Guidance issued by the Office of Tax and Revenue … Read More