Tax & Accounting Blog

Good News If You File a Non-Resident Tax Return

Good News If You File a Non-Resident Tax Return

A bi-partisan bill aimed at simplifying state income tax requirements for employees who work multiple days per year outside their state of residence is gaining momentum in Congress. The passage of this bill, known as the Mobile Workforce State Income Tax Simplification Act of 2015, would provide long-overdue relief for employers and employees … Read More

Ready for Same-Sex Marriage Tax Filing?

Ready for Same-Sex Marriage Tax Filing?

Over the past two years, two landmark U.S. Supreme Court rulings involving same-sex marriage—Windsor and Obergefell—have changed the legal landscape for millions of Americans. These long-anticipated rulings have given same-sex couples the right to marry and have their marriage recognized in every state. With these rulings comes equal tax treatment, the implications of which are … Read More

Puerto Rico Enacts Comprehensive Tax Reform

Puerto Rico Enacts Comprehensive Tax Reform

After years of attempts to find increased revenue, the Puerto Rico legislature enacted act 72-2015 on May 29, 2015 (“Act 72-2015”), which amends various sections of the 2011 Internal Revenue Code, as amended, adding Subtitle DD titled “Value Added Tax”.This legislation makes Puerto Rico the first United States territory to adopt a comprehensive Value Added Tax … Read More