By Scott Peterson, Avalara’s Vice President of U.S. Tax Policy and Government Relations In the case of South Dakota v. Wayfair, Inc. (decided on June 21, 2018), the Supreme Court of the United States overturned the rule that a state cannot tax a business unless it has a physical presence in the state. The […]
The new W-4 doesn’t have a way to number allowances — instead, four new boxes that instruct the taxpayer to predict income and deductions replace the old exemption numbers.
For a cash basis taxpayer, each time he or she earns cryptocurrency through mining or providing goods or services, the U.S. fair market dollar value of the cryptocurrency earned must be recorded as of the date of receipt. This fair market value ...
If your clients haven’t done so yet, they should review their income tax withholding and, when appropriate, make adjustments. Notably, the new Tax Cuts and Jobs Act (TCJA) lowers tax rates for individuals, effective for 2018 through 2025, so clients ...
A collection of strange, useful or just plain interesting tax-related news briefs.
It’s time for nonprofits to wake up and smell the coffee: A little-noticed provision in the Tax Cuts and Jobs Act (TCJA), the massive tax reform legislation enacted at the end of last year, could result in an unexpected tax bill for houses of worship, ...
Spear phishing emails remain the most common way data thieves enter practitioner’s digital networks and steal client information.
A couple of new developments relating to the professional conduct of CPAs should serve as a reminder to tax practitioners: The IRS is watching you.