Taxes
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IRS Shares Five New Warning Signs of Incorrect ERC Claims
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
Accountant Gets Jail Time For Charging $3 Million on New Jersey Employer’s Credit Card
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2022 Tax Changes Report Shows Domestic & Global Sales Tax Trends & Updates
The disrupting effect COVID-19 has had on the economy can’t be underplayed. It’s led to factory closures and ship quarantines at port, which has clogged the global supply chain to an astonishing degree. On November 9, 2021, for example, 111 ships were ...
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Sales Tax Institute Names 2021 Sales Tax Nerd Award Winner
The Sales Tax Institute has announced Iryna Soares as the recipient of the 2021 Sales Tax Nerd Award. The Sales Tax Nerd Award recognizes sales tax professionals who demonstrate a dedicated passion and commitment to the study and practice of sales tax.
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How to Back Out of Wayfair: Can a Business De-Register When Sales Drop?
Once a remote seller establishes economic nexus with a state, it must register with the state tax department and begin collecting, remitting, and filing sales tax as required by law. But what happens if that same seller’s sales eventually fall beneath the state’s economic nexus threshold? Can a business cancel its sales tax registration? If […]
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Dancing in the Dark: 2022 Will See Shifting Tax Regulations in the U.S. and Abroad
While there is incredible uncertainty as we move into the final months of 2021, there are a couple major events tax teams should be tracking, as their outcomes could make a big difference for the 2022 tax landscape and well beyond.
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Beware of These Common Scams Over the Holidays
Taxpayers and tax professionals face a heightened risk in coming months as fraudsters continue to use the pandemic as a way of tricking people into sharing sensitive personal information by email, text message and online. Identity thieves can use that ...
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Thomson Reuters Launches Determination Anywhere Platform for Indirect Tax
Determination Anywhere is a new patent-pending, cloud-based tax technology platform that sits on top of existing infrastructure – private and public cloud or on-premise solutions – enabling simplified deployment for the fastest, most accurate, and most...
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IRS Adjusts Tax Rates and Deductions for TY 2022
The standard deduction for married couples filing jointly for tax year 2022 rises to $25,900 up $800 from the prior year. For single taxpayers and married individuals filing separately, the standard deduction rises to $12,950 for 2022, up $400, and for...
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Cities Look to Tax Online Streaming Services
Transitioning from cable to streaming services can increase choice and reduce costs for consumers, but the more people cut the cord, the less tax revenue local governments receive. That’s the crux of ongoing David-versus-Goliath-style battles in Texas ...