Tax & Accounting Blog

Russia – Exemption for Software Rejected

Russia – Exemption for Software Rejected

On March 31st the Russian government rejected a plan to amend the tax code to exempt software products from the value-added tax (VAT). The proposed exemption was intended to make licensed software products such as Microsoft Windows more affordable by excluding them from the country’s 18 percent VAT and thus combat counterfeiting. The government released a statement explaining … Read More

Massachusetts Extends Online Filing Deadline for the Annual Certification of Entity Tax Status

Massachusetts Extends Online Filing Deadline for the Annual Certification of Entity Tax Status

Massachusetts Department of Revenue has announced that they are extending the April 1st deadline for business entities to certify their tax status, via the online application located on their WebFile for Business website, to April 12, 2013.  This online filing assists assessors in determining which businesses qualify for various property tax exemptions.  Businesses that do … Read More

Ask the Expert: Can Paper W-9s be Destroyed after Scanning into your Electronic System?

Ask the Expert: Can Paper W-9s be Destroyed after Scanning into your Electronic System?

Question: Can Paper W-9s be Destroyed after Scanning into your Electronic System? Answer from Marianne Couch, principal COKALA Tax Information Reporting Services: You can destroy the original paper Forms W-9 if your electronic system and your procedures meet IRS requirements. Field Service Advice 200229011, posted on April 8, 2002 states: “If Taxpayer complies with the … Read More

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Geary County, Kansas in the Spotlight!

Blog April 4, 2013

Facing both an increase in population and housing construction, Geary County Kansas Register of Deeds, Diane Briestensky-Leonard knew she needed to make a decision regarding her office’s aging recorder software system. The County invited several companies to make demonstrations of their systems, with Thomson Reuters presenting Aumentum Recorder. The demos proved that Aumentum was exactly … Read More

New Draft of Form 1042-S for 2014 Released and IRS Accepting Comments

New Draft of Form 1042-S for 2014 Released and IRS Accepting Comments

The IRS has published the highly anticipated draft of an all-new Form 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding, for use in reporting 2014 income payments. The many changes in this Form 1042-S are designed to accommodate reporting of information relating to both Internal Revenue Code Chapter 3 withholding at source on payments … Read More