Trends in Sales and Use Tax for Remote Sellers
Click-through or affiliate nexus legislation has become a popular way for states to require certain remote sellers (i.e., internet vendors) to collect sales or use tax on their sales to in-state residents.
Published on February 01, 2013
Accounting Trends & Techniques Products
A description of publications available in the Accounting Trends & Techniques series
Published on July 18, 2014
General Guidance for Accountants and Auditors
A description of publications available on general corporations.
Published on September 30, 2014
Recent Trends and Developments in Sales and Use Taxation
Business taxpayers can expect their indirect tax expenses, from both tax outlay and cost of compliance standpoints, to increase over the next year as the state fiscal environment remains bleak.
Published on December 01, 2008
Split Widens as Courts Hold Basis Overstatement Is Not Income Omission
The ongoing controversy over whether a taxpayer’s overstatement of basis triggers a six-year statute of limitation period continues as the Fourth Circuit and Fifth Circuit both held within days of each other that the extended period does not apply. These decisions are at odds with a Seventh Circuit opinion issued
Published on April 01, 2011
Tax Court Again Holds That Innocent Spouse Relief Limit Is Invalid
Despite being overruled by the Seventh Circuit in an earlier case, the Tax Court has again held that the regulatory two-year limitation period for filing a claim for equitable innocent spouse relief under Sec. 6015(f) is invalid. This item assesses the Tax Court's arguments in Hall, 135 T.C. No. 9
Published on November 01, 2010
EGTRRA and JGTRRA Tax Rates Extended for Two Years in Lame Duck Session
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 has provisions from four of the five tax areas that were considered to be important for Congress to address during its “lame duck” session: the estate tax, expiring tax cuts, expired tax provisions, and the alternative minimum tax (AMT).
Published on February 01, 2011
Recharacterization of Income from Nonpassive to Passive Is Not a Change in Accounting Method
This item examines the IRS National Office's ruling that the recharacterization of income from nonpassive to passive for purposes of the passive activity loss and credit limit rules of Sec. 469 is not a change of accounting method for purposes of Secs. 446(e) and 481(a).
Published on November 01, 2010
Accuracy-Related Penalty Applied Despite Reliance on Adviser
The Tax Court held that a corporation was liable for an accuracy-related penalty for a substantial understatement of tax related to a joint venture transaction even though the corporation had received an opinion from a national accounting firm that the transaction was not taxable.
Published on October 01, 2010
Lack of Control Does Not Except Owners from Trust Fund Recovery Penalty
The owners of a company who had delegated payroll functions to a separate payroll company they owned but did not operate were liable for trust fund recovery penalties because they were responsible persons both before and after the withholding taxes that were the basis of the penalties accrued.
Published on June 01, 2011