Tax

An Austin, Texas, man may have been the target of scammers pretending to be IRS agents that have bilked at least one elderly woman of $2,500.

If you have household employment (a.k.a. “nanny tax”) clients, you know how much extra work goes into making sure their taxes are in order. For those unfamiliar with this part of the tax code, household employers have a “Casual Babysitting Exemption” when they pay an individual less than $1,900 in a calendar year. However, once they cross that threshold, they have employer tax withholding and reporting obligations at the state and federal levels (IRS Publication 926).

The next 2014 IRS Nationwide Tax Forum will be held at National Harbor in Maryland near Washington, D.C., and the IRS invites enrolled agents, certified public accountants, certified financial planners and other tax professionals to attend. Those who sign up by the pre-registration date of Aug. 5 will save $130 off the on-site price.

Sales tax automation provider Avalara, Inc., has introduced the Avalara Marketing Center (AMC), a fully automated, co-marketing platform providing Avalara partners with free access to extensive sales and use tax compliance content, educational resources, and tools designed to quickly expand their marketing efforts.

Exemption certificates are your protection in a tax audit. But the wrong forms won’t protect you.

Inaction by Congress on closing the internet sales tax loophole could result in states having to raise taxes and in some cases implement more harmful taxes that stifle economic growth. That's according a new video testimonial, released by The Alliance for Main Street Fairness.

Accounting professionals who specialize in helping their small business clients stay compliant with State and Local Taxes (SALT), often need spcific informaiton that may behard to find. Here’s a brief list of websites that can provide useful tools and information for these professionals: SBA: Learn about your state and local tax obligations:http://www.sba.gov/content/learn-about-your-state-and-local-tax-obligations NOLO – 50-State […]

Intuit, the makers of numerous small business and personal financial and tax technologies, has entered into an agreement to acquire KDK Softwares India Private Limited a market leader in providing professional tax solutions in India.