Tax & Accounting Blog

New Regulations For Appraisal Review Board Determinations In Texas

New Regulations For Appraisal Review Board Determinations In Texas

Effective today, September 26, 2013, the Texas Comptroller of Public Accounts has issued arbitration regulations regarding appraisal review board determinations. These regulations are in accordance to recently passed legislation repealing the expedited arbitration process. These regulations, through binding arbitration, allow the owner to appeal an appraisal review board order determining a filed protest. These regulations … Read More

Regulations Require Updating of Employer Identification Numbers

Regulations Require Updating of Employer Identification Numbers

On May 3, 2013, the IRS issued final regulations that require any person assigned an employer identification number (EIN) to provide updated information to the IRS in the manner and frequency prescribed by forms, instructions, or other appropriate guidance.  These regulations affect persons with EINs and will enhance the IRS’s ability to maintain … Read More

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Why Nature of Income Paid to Foreign Vendors Matters Part 7 – Tax Treaty Exemptions from Withholding

A common withholding exemption is a claim under an applicable provision of an income tax treaty with the country of tax residence of the income’s beneficial owner. Such a claim must be made by the vendor on a valid Form W- 8BEN, or a Form 8233 in the case of treaty claims by individuals on … Read More

IRS Releases Draft Form for Medicare Surtax on Net Investment Income

IRS Releases Draft Form for Medicare Surtax on Net Investment Income

On August 6, 2013, the IRS released a draft of 2013 Form 8960, Net Investment Income Tax – Individuals, Estates, and Trusts.  Taxpayers use the form to compute the 3.8% surtax on net investment income, added by the 2010 Health Care Act.  The IRS has not yet released instructions to the form. The IRS … Read More