Tax & Accounting Blog

AP must also know whether or not the income being paid is U.S.-source in order to withhold and report correctly. During an audit, the IRS will request evidence supporting foreign-source payments such as contracts, invoices, expense reports and so forth. If a payment to a foreign vendor includes both U.S.- and foreign-source income and no … Read More

I am honored to share some very exciting news with you. Today, GRM has a new name. Today, we unveil Thomson Reuters Aumentum. Thomson Reuters Aumentum becomes the 15th flagship brand in the Thomson Reuters portfolio and the third for Tax & Accounting. This is a great step forward for our Government business and our … Read More

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Question: Products are usually straight forward on tax. How can more intangible items be easily determined as far as taxable. Ex: rush orders, min order, extra documentation fees, testing fees? Answer from Tyler Nelson of ONESOURCE Indirect Tax: Taxability of intangibles such as rush orders, documentation fees, testing fees, and the like, depend on the … Read More

The International Association of Assessing Officers (IAAO) Conference is just around the corner. This Sunday, local government officials from around the world will descend upon Grand Rapids, Michigan (right in my backyard) for the largest gathering of its kind. Thomson Reuters will be there as a proud Diamond Sponsor of the conference supporting … Read More

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