Tax & Accounting Blog

IRS Adds the Croatian Dionicko Drustvo to the Per Se List of Foreign Corporations

IRS Adds the Croatian Dionicko Drustvo to the Per Se List of Foreign Corporations

IRS Notice 2013-44 alerts payers that the Internal Revenue Service and the Treasury Department will amend sec. 301.7701-2(b)(8) of the Procedure and Administration Regulations to add the Croatian dionicko drustvo to the list of entities that are always treated as corporations under section 7701 of the Internal Revenue Code. Reg. section 301.7701-2(b)(8) provides a … Read More

Governor Perry Vetoes Business Personal Property Tax Bill in Texas

Governor Perry Vetoes Business Personal Property Tax Bill in Texas

Texas Governor Rick Perry vetoed Senate Bill 1606, which would have granted taxing authorities the power to automatically attach an annual lien to all business personal property that any given business owns in Texas, including property outside that taxing authority’s jurisdiction. The current law allows appraisers to penalize taxpayers who move property around … Read More