Tax & Accounting Blog

IRS Answers Questions about I.R.C. Section 3402(t)

IRS Answers Questions about I.R.C. Section 3402(t)

IRS Answers Some Questions about Rules for Government Payers to Withhold 3% from Many Payments There’s a new FAQ page on the IRS website with information that federal, state and local government Accounts Payable, Tax, and Procurement offices will want to know about their future obligation to withhold 3% from a wide range of payments.  … Read More

Boehringer Ingelheim Pharmaceuticals, Inc. Streamlines Tax Provision and Return Adjustments by 80%

Boehringer Ingelheim Pharmaceuticals, Inc. Streamlines Tax Provision and Return Adjustments by 80%

Strict year-end deadlines, manual inefficiencies and a lack of internal resources challenged the U.S. tax department of Boehringer Ingelheim. Like most corporate tax departments around the globe, their responsibilities were growing faster than their allocated head count. As a result, the relatively small income tax and provision staff saw major benefits in choosing a tax provision solution that streamlined and … Read More