Tax & Accounting Blog

Webcast: ONESOURCE Indirect Tax – Surviving a Sales Tax Audit – An Insider’s View

Webcast: ONESOURCE Indirect Tax – Surviving a Sales Tax Audit – An Insider’s View

Join Carla Yrjanson, VP of Tax Research & Content, and former state auditor, on Thursday, September 20th, 2012 at 10AM PT (1PM ET) for this 30 minute session on surviving a sales tax audit and you will learn: • Statistics on the probability of you being audited this year • Survey results highlighting the average cost of penalties & … Read More

Australia studying reciprocal tax agreement to satisfy U.S. FATCA obligations of its financial institutions

Australia studying reciprocal tax agreement to satisfy U.S. FATCA obligations of its financial institutions

The Australian government is exploring the feasibility of an agreement with the United States based on the model reciprocal agreement issued in July by the U.S. Department of Treasury for implementation of FATCA (the Foreign Account Tax Compliance Act).  Under the agreement, Australian financial institutions would be able to implement the due diligence and reporting … Read More

Campbell County Looks at a Meals Tax to Pay for School Budget

Campbell County Looks at a Meals Tax to Pay for School Budget

Campbell County is preparing for the meals tax referendum on the November ballot. Supervisors are scheduled to talk about a campaign to inform residents that this tax will be instrumental in raising funds for the school budget.  The proposed 4.0% meals tax is projected to raise $1.5 million in new revenue annually. As things stand Campbell County … Read More

Who Is a U.S. Citizen and Why It Matters – Part 1

Who Is a U.S. Citizen and Why It Matters – Part 1

When it comes to U.S. income tax, not all individual income recipients are treated alike. The Internal Revenue Code and IRS regulations have special rules for determining when foreign national individuals are resident aliens and taxed like U.S. citizens and rules for taxing the income of foreign nationals when they are nonresident aliens. As a … Read More