Tax & Accounting Blog

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

IRS Will Allow Substitute Forms W-8BEN to Document the Foreign Status of a Payee that Otherwise Would be Reported on the New Form 1099-K

IRS Will Allow Substitute Forms W-8BEN to Document the Foreign Status of a Payee that Otherwise Would be Reported on the New Form 1099-K

The new Form 1099-K will be used for tax information reporting of the gross amounts paid by a settlement entity to its participating payees.  Participating payees that will be reported are recipients that accept payment cards as a means of payment, and recipients that accept payment through third-party settlement organizations.  Payees with a foreign address … Read More

Indiana Issues Directive on Electronically Transferred Products

Indiana Issues Directive on Electronically Transferred Products

The Indiana Department of Revenue has issued Directive No. 41, 09/01/2011 concerning the taxability of products transferred electronically. In order to be in compliance with the SSUTA, effective September 1, 2011, the Department may impose sales and use tax on products transferred electronically only if the products meet the definition of specified digital products, ancillary … Read More

onesource

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