Taxes
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An Increase in Customer Theft is Increasing Restaurant Prices
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
IRS Clarifies Deductibility of State and Local Taxes for Partnerships and S-Corps
State and local income taxes imposed on and paid by a partnership or S corporation on its income are allowed as a deduction by the partnership or S corporation in computing its non-separately stated taxable income or loss for the taxable year of ...
IRS Says November 10 is Coronavirus Stimulus Registration Day
National EIP Registration Day is part of the agency’s further concerted push with partners across the country to make sure every eligible American has registered before the Nov. 21 deadline to receive their Economic Impact Payment this year.
Kansas Looks to Unregistered Remote Sellers for Sale Tax Revenue
Kansas isn’t alone in taxing remote sales, but it is unique. Following the Wayfair decision, legislatures in most states adopted economic nexus laws requiring certain out-of-state businesses to register then collect and remit sales tax.
California Faces Accusations of Crushing Online Merchants with Back Sales Tax
The California Department of Tax and Fee Administration (CDTFA) is being sued for “crushing thousands of small business owners” by holding Fulfillment by Amazon sellers liable for back sales tax. The Online Merchants Guild, a trade association for small online businesses, is the plaintiff. The language of the suit is at times inflammatory: It warms […]
Avalara Acquires Assets from Business Licenses, LLC
Avalara has acquired the operational assets of Business Licenses, LLC, a company that provides software and services for the research, acquisition, and management of business licenses, registrations, and permits for businesses of all sizes.
IRS Makes Final Push to Get Stimulus Payments to Those Who Haven’t Gotten One Yet
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...
2020 Year-End Tax Planning Tips for Businesses and Individuals
COVID-19 brought financial challenges to much of the public and forced companies to reimagine how business is done. Congress responded with generous relief, much of which runs through the tax code.
IRS Extends Deadline for Coronavirus Stimulus Payments to Nov. 21, 2020
People who haven’t received a Coronavirus stimulus payment, and don’t typically file a tax return, can use an online tool to request their payment, up until Nov. 21.