Tax & Accounting Blog

Why Nature of Income Paid to Foreign Vendors Matters Part 5 – Unknown Source of Income

Why Nature of Income Paid to Foreign Vendors Matters Part 5 – Unknown Source of Income

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

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