Tax & Accounting Blog

Form 1099-K and Backup Withholding of Federal Tax: A New Threshold Established by the IRS

Form 1099-K and Backup Withholding of Federal Tax: A New Threshold Established by the IRS

IRS Notice 2011-42 creates a new rule that affects backup withholding of federal income tax on some of the payments that are reportable on Form 1099-K, Merchant Card and Third-Party Network Payment.  2011 is the first year for Form 1099-K reporting under section 6050W of the Internal Revenue Code.  Payment settlement entities are required to … Read More

ONESOURCE Property Tax at BOMA 2011 International Conference & Every Building Show

ONESOURCE Property Tax at BOMA 2011 International Conference & Every Building Show

ONESOURCE Property Tax will be exhibiting at the upcoming 2011 BOMA International Conference & Every Building Show from June 26 – 28, 2011 in Washington, DC at the Gaylord National Resort & Convention Center. Attendees can visit our ONESOURCE Property Tax team at booth #1034 to meet two of our commercial real estate experts, Dave Howie … Read More

Thomson Reuters Granted Patent for Universal Tax Determination Engine

Thomson Reuters Granted Patent for Universal Tax Determination Engine

The Tax & Accounting business of Thomson Reuters today announced it has been granted a U.S. Patent for its Universal Tax Determination Engine (UTDE).  The patent for invention number 7,933,803, part of the ONESOURCE Indirect Tax solution, provides centralized control of tax policy and data driven tax determination for sales, use, and value added … Read More