Business Tax Index ranks state tax systems
In April, 2009, the Small Business & Entrepreneurship Council (SBE Council) published the "Business Tax Index 2009: Best to Worst State Tax System...
Streamlined sales tax might be the answer to state budgetary woes
The Streamlined Sales Tax Project is moving back into the spotlight with some states visibly hurting for tax dollars and a Congress that seems friendl...
Amazon fights back on sales tax legislation, ends North Carolina affiliate program
Early this year, online retail giant Amazon.com lost its battle to fight the sales tax imposed by the State of New York when a New York state judge di...
Political and economic climate improving for Streamlined Sales Tax Project
A bill that would implement the Streamlined Sales Tax Project (SSTP) nationwide may be reintroduced in Congress later this year. Detailed provisions o...
IRS calls on Congress to repeal "burdensome" cell phone tax rules
Just days after announcing a new attempt to get a handle on taxing the business portion of cell phone use by suggesting a flat 75% business/25% person...
Personal calls on your employer's cell phone? New tax rules may soon apply
Editor's Note: In the days since this article was written, the IRS has reversed its position on taxation of personal use of a business cell phone and ...
The case for regulating unlicensed tax preparers
In the last two years alone, the IRS has uncovered and investigated more than 600 cases of tax preparer fraud. Of those, 356 have been convicted. Of c...
The case for not regulating unlicensed tax preparers
It's true that anyone can hang out a shingle calling him or herself a tax preparer - in most states - and get paid for it, with no specific tax traini...
Ex-CEO of BDO Seidman, 6 others indicted in tax shelter case
The former head of BDO Seidman LLP and six others face conspiracy and tax evasion charges relating to an alleged tax-shelter fraud that created $7 bil...
IRS may regulate tax return preparers
Internal Revenue Service (IRS) Commissioner Douglas Shulman told members of an oversight subcommittee of the U.S. House of Representatives Ways and Me...
IRS clerical error... or Senatorial scofflaw? Kerry campaign has tax woes
When Senator John Kerry (D-MA) ran for president in 2004, naturally he had a significant staff helping him. The IRS has taken the position that in the...
Businesses have until August 17 to take advantage of certain tax credits
Businesses planning to claim the newly-expanded work opportunity tax credit (WOTC) for eligible unemployed veterans and unskilled younger workers hire...
IRS Commissioner discusses challenges of global tax arena
Remarks of IRS Commissioner Doug Shulman Before the Organization For Economic Co-Operation And Development Washington, DC, June 2, 2009Thank you for t...
Two attorneys face the music in Son of Boss tax shelter
The verdict is in for two Texas attorneys – Cary Patterson and Harold Nix – who the IRS says used a Son of Bass tax shelter to eliminate the feder...
Benefits to both homeowners and lenders in new housing law
With previous efforts to aid homeowners who are facing foreclosure or whose home values are "underwater" making only a slight dent in foreclosure proj...
Small business tax deduction strategies: Maximize Section 179 write-offs
Even though most business property must be depreciated over a period of time, you can still speed up write-offs if you're armed with tax knowledge. Th...
Tell your clients about new eco-friendly energy tax breaks
Several of our subscribers have asked us about the tax incentives for energy savings contained in the new economic stimulus law (the American Recovery...
IRS contractor charged with crime after allegedly urinating in elevator
Criminal charges were filed this week against Michael Hicks, a contractor for the Internal Revenue Service in Detroit, after a surveillance camera sho...
Global indirect tax policies affect many businesses
A recent KPMG Global Indirect Tax Brief provides the latest information on how governments worldwide are striving to raise additional revenues by broa...
2008 Foreign Bank Account form due June 30
The IRS reports that U.S. persons who have bank and other financial accounts in a foreign country may be required to report those accounts to the U.S....
