Tax & Accounting Blog

Congress Passes Permanent Internet Tax Freedom

Congress Passes Permanent Internet Tax Freedom

  After extending the moratorium on internet taxation multiple times, congress has finally voted to make the ban on state and local taxation of internet access permanent. See H.R. 644 – Trade Facilitation and Trade Enforcement Act of 2015. The moratorium was originally signed into law in 1998 with a grandfather clause allowing several … Read More

States Implement New Identity Verification Requirement for E-Filed Tax Returns

States Implement New Identity Verification Requirement for E-Filed Tax Returns

In the ongoing effort to combat widespread identity theft and the fraudulent filing of tax returns, many states will now require taxpayers to provide a new piece of personal identification: their driver’s license number (DLN). Some states may also request related information, such as the issuing state, date of issue and expiration date. As a … Read More

IRS Identity Authentication Initiative – State Requirements

IRS Identity Authentication Initiative – State Requirements

On June 11, 2015, the IRS issued an announcement regarding the collaborative effort to combat identity theft and tax refund fraud. Thomson Reuters supports and is participating in this initiative. For the 2015 tax season, the IRS will not reject a return if this information is not included. Refer to state-specific User Bulletins or the … Read More

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Taxing the Cloud: Michigan Dept. of Treasury Changes Policy

As software has become less tangible, the application of sales and use taxes has become more complicated. Recently, Michigan’s Department of Treasury released a notice clarifying their policy regarding prewritten computer software delivered electronically after a Court of Appeals ruling on the issue.  See Auto-Owners Inc. Co. v. Dept. of Treas., 2015 WL 6473592 … Read More