Corvee, a software and solutions company which serves tax and accounting firms, has launched its new Tax Planning software to give accounting firms and tax professionals the ability to formulate a tax savings calculation, develop a proactive and ...
The IRS has released an early draft of the instructions to Form 1065, U.S. Return of Partnership Income, for tax year 2020 (filing season 2021) that include revised instructions for partnerships required to report capital accounts to partners on ...
In 2016, the Department of Treasury and IRS issued Notice 2016-66, which identified certain micro-captive transactions as having the potential for tax avoidance and evasion.
The IRS has already sent nearly 9 million letters to people who may be eligible for the $1,200 Economic Impact Payments but don’t normally file a tax return. The letters, along with the special Nov. 10 event, both urge people to use the...
For years, businesses used Form 1099-MISC to report calendar-year payments exceeding $600 to individuals who performed business services. These include vendors, independent contractors, freelancers, and consultants.
The 15th annual Americas Tax Awards recognize remarkable achievements and developments that demonstrate innovative, complex and impactful transactions. The awards acknowledge work that broke new ground in the tax marketplace and was completed between ...
This year, the IRS awarded grants to 34 TCE and 273 VITA applicants. The IRS received 354 applications requesting nearly $80 million.
While corporation tax rates are influenced by the country’s definition, there’s clearly a pattern with developing countries and emerging economies paying higher rates to sustain the country.