Tax & Accounting Blog

Exchange – Connect – Learn: One day in Annapolis, Maryland

Exchange – Connect – Learn: One day in Annapolis, Maryland

Aumentum, Blog August 22, 2013

Recently, I visited the Maryland Department of Assessments & Taxation (MDAT) Annapolis office as a guest of Director Robert Young and CIO John Humphries. During this visit, they were introducing the state’s valuation processes, methods, and systems to guests from the Nigeria’s Cross River state government: Special Projects Commissioner Bassey Oqua and the state’s Special … Read More

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U.S. District Court Rules that under ERISA and U.S. v. Windsor, Same-Sex Surviving Spouse Receives Death Benefit from Qualified Plan

On July 29, the United States District Court for the Eastern District of Pennsylvania issued an order that that a same-sex surviving spouse was entitled to receive the “surviving spouse” death benefit under an employer’s qualified employee benefit plan. The court found that the United States Supreme Court’s decision in United States v. Windsor, declaring … Read More

Why Nature of Income Paid to Foreign Vendors Matters Part 4 – Bundled Income

Why Nature of Income Paid to Foreign Vendors Matters Part 4 – Bundled Income

When an income payment is one amount that covers more than one type of income, the payment must be reasonably allocated among all types of income covered by the payment. For example, a single payment to a foreign vendor for the purchase of equipment, which is not subject to 30 percent withholding, might include shipping … Read More