Sales and use tax

Tax

Is This the Year for Tax Reform?

Is 2013 shaping up to the year of tax reform? "There are more proposals this year than we have seen in the last five years, and an unprecedented number of major state tax reform proposals," said Harley Duncan, a managing director at KPMG.
Tax

Amazon Collecting Sales Taxes in Texas

Amazon.com began collecting taxes on its online sales in Texas on July 1, prompting an "it's about time" reaction from state retailers who believe the online giant has enjoyed an unfair advantage for too long.
A&A

AICPA's Online Calculator Estimates Yearly Taxes Paid to All Sources

The American Institute of CPAs (AICPA) has launched the Total Tax Insights calculator, a comprehensive calculator that was developed as a tool to enable taxpayers to estimate the amount they pay each year for the most common federal, state, and local taxes.
Tax

Groundbreaking Tax Fraud Lawsuit against Sprint for over $300 Million

On April 19, Attorney General Eric T. Schneiderman filed a lawsuit against Sprint-Nextel for deliberately under-collecting and underpaying millions of dollars in New York state and local sales taxes on flat-rate access charges for wireless calling plans. Also on April 19, Sprint Nextel responded to the allegations.
AccountingWEB Life

Sales Tax Levies on Digital Downloads Facing Headwinds for Now

It is hard for legislators in cash-strapped states to ignore the explosion in the use of electronic devices - handheld computers, smart phones, iPods, iPads, and e-readers - and not view the many products these devices deliver as a basis for a new sales and use tax.
Tax

Maryland CPAs Are Fighting Proposed Tax on Professional Services

Maryland CPAs are mounting a coordinated effort to fight a proposed sales and use tax on professional services that will specifically apply to management consulting and tax preparation services. Lawmakers in Maryland have proposed the measure as one way to solve their budget problems.
Tax

Tax Tip: Choose the 'Biggest and Best' State Tax Deduction

Are your clients better off deducting income tax or sales tax on a 2011 return? It depends on the situation. An itemizer on a 2011 return can deduct annual state and local income taxes or, as an alternative, sales tax paid during the year. But it's either one or the other.
Tax

Cyber-Shopping: 10 Tips for Safe Online Holiday Shopping

Internet Retailer reports that 72 percent of U.S. online consumers expect to shop online this holiday season. The Oklahoma Society of CPAs has some advice for those of you who want to avoid walking the aisles and lugging bags at the local shopping mall.
Tax

Sales Tax on Online Purchases Is On the Rise

This holiday season, online shoppers will find more states are looking to make sure gift givers also give their state its fair share – in terms of sales tax for online purchases.
Election 2012

As Cain's Popularity Swells, Analysts Examine 9-9-9 Tax Plan

As Herman Cain continues to grow his political muscle, the number one read on most financial professionals' lists is Cain's 9-9-9 tax reform plan, which would dramatically impact individual taxpayers, small business owners, corporations, and those who administer their taxes.
Tax

Will Congress Green Light the Main Street Fairness Act?

As more Americans continue to shop by entering just a few keystrokes, new proposed legislation could return foot traffic to traditional retail outlets.
Tax

Amazon, California reach agreement in sales tax battle

Lawmakers in California say they've reached a truce with Amazon in a contentious disagreement over whether the online bookseller should collect state sales tax.
Technology

CCH announces acquisition of SpeedTax

CCH has announced its acquisition of SpeedTax, a provider of Software-as-a-Service (SaaS) sales and use tax solutions. The addition of SpeedTax bolsters the expansive offering of SaaS tax preparation, document management, portal, practice, and workstream found in the CCH ProSystemfx suite of products.
Tax

Trucker use tax: IRS announces new filing date

The Internal Revenue Service has advised truckers and other owners of heavy highway vehicles that their next federal highway use tax return, usually due August 31, will now be due on November 30, 2011.
Tax

State and Local Tax: e-books are not subject to New York State sales and use tax

In an advisory opinion, the New York State Department of Taxation and Finance has concluded that a California seller's sales of e-books are not subject to sales and use tax.
Tax

Amazon ends California and Connecticut Associates Programs in response to sales tax legislation

Amazon.com has ended its associate affiliation programs with online retailers in Connecticut and California in response to restrictive sales tax legislation.
Tax

New tax legislation creates, renews many breaks

The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 is packed with new provisions. Following is a rundown of what you can expect from this legislation.
Tax

Report indicates big increase in state sales taxes

State governments have boosted sales tax rates to the highest levels in 28 years, according to a new report by Vertex, an enterprise tax software company.
Tax

Would you like your bagel with a side of extra tax?

Until recently, residents of Albany, New York, have not had to pay tax on the purchase of their morning bagels. At least for one major bagel chain – Bruegger’s – that’s all over. Why? Because the city of Albany needs cash and they are going to get it one bagel at a time.
A&A

D.C. launches amnesty program waiving penalties, fees on back taxes

Delinquent taxpayers will get a rare opportunity to pay outstanding taxes and interest to the District of Columbia, have their penalties and fees waived, and avoid criminal prosecution. The DC Tax Amnesty program will run from August 2 through September 30, 2010.

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