The Delinquent Taxpayer Accountability Act – California – Assembly Bill 1424
The Delinquent Taxpayer Accountability Act
Accounting Portal Articles
New Voluntary Worker Classification Settlement Program
The Internal Revenue Service launched a new program that will enable many employers to resolve past worker classification issues and achieve certainty under the tax law at a low cost by voluntarily reclassifying their...
Guidance to Further Implement Return Preparer Oversight
The IRS released Notice 2011-80, which provides that PTINs must now be renewed on a calendar year basis. All PTIN holders must renew their numbers using the online PTIN application or paper Form W-12...
The Internal Revenue Service issued guidance designed to clarify the tax treatment of employer-provided cell phones.
The guidance relates to a provision in the Small Business Jobs Act of 2010, enacted last fall, that removed cell phones from the definition of listed property, a category under tax law that normally...
Reimbursement of Employee Personal Cell Phone Usage (Notice 2011-72)
Notice 2011-72 addresses the tax treatment of employer-provided cell phones for noncompensatory purposes. The Notice provides that, for tax years after December 31, 2009, the IRS will treat the employee’s use of employer-provided cell...
Notice 2011-72 Tax Treatment of Employer-Provided Cell Phones
PURPOSE This notice provides guidance on the tax treatment of cellular telephones or other similar telecommunications equipment (hereinafter collectively “cell phones”) that employers provide to their employees primarily for noncompensatory business purposes. BACKGROUND Section...
TIN Matching – Taxpayer Identification Number Matching
TIN Matching allows authorized payers to match 1099 payee information against IRS records prior to filing information returns. An authorized payer is one who has filed information returns with the IRS in at least...
New federal FY 2012 Per Diem Rates – from October 1st 2011
Fiscal Year 2012 Maximum Per Diem Reimbursement Rates New per diem reimbursement rates for federal travelers for Fiscal Year 2012 go into effect October 1st 2011. FY 2012 Per Diem Rates (Excel file, 124k)...
Reporting on Merchant Payment Cards – Form 1099-K
Whose merchant card payments must be reported? Merchant acquiring entities must report the gross amount of reportable transactions of any payee for whom they settle payment card transactions. A reportable payment card transaction is...
Eligibility to Practice before the IRS
Attorneys An attorney is any person who is a member in good standing of the bar of the highest court of any state, territory, or possession of the United States, including a Commonwealth, or...
Education Requirements (continuing education) for Registered Tax Return Preparers
Education Requirements Requirements: Category PTIN Tax Compliance Check Background Check Competency Test Continuing Education Attorneys X X CPAs X X Enrolled Agents X X Registered Tax Return Preparers X X X X X Supervised...
IN tax
INtax Indiana’s free online tax filing program allows you to manage your obligations for Indiana retail sales, out of state sales, prepaid sales, metered pump sales, tire fee, fuel tax, type II gaming tax...
Iowa Sales Tax Holiday 2011
Sales Information Taxable and Exempt List More
Florida Back-to-School Sales Tax Holiday, August 12-14, 2011
Florida’s back-to-school sales tax holiday will begin at 12:01 a.m., Friday, August 12, 2011, and end at midnight Sunday, August 14, 2011. During this period, no sales tax will be collected on sales of...
Connecticut 2011 Sales Tax Holiday
Connecticut shoppers will have one week to buy items of clothing and footwear costing under $300 without paying Connecticut sales tax. This year, the tax free week will run from Sunday, August 21 through Saturday, August...
Arkansas 2011 Sales Tax Holiday
Beginning at 12:01 a.m. on Saturday August 6, 2011, and ending at 11:59 p.m. on Sunday August 7, 2011, the State of Arkansas will hold its sales tax holiday allowing shoppers the opportunity to...
Alabama 2011 Sales Tax Holiday
The State of Tennessee’s Annual Sales Tax Holiday is held every year on the first Friday in August and ends the following Sunday night. This year’s tax-free holiday weekend begins at 12:01 a.m on...
2011 State Sales Tax Holidays
2011 State Sales Tax Holidays
Highway Use Tax Return – Three-Month Extension – Highway Use Tax Return Due Nov. 30, 2011
IRS advised truckers and other owners of heavy highway vehicles that their next federal highway use tax return, usually due Aug. 31, will instead be due on Nov. 30, 2011. Because the highway use...
OVDI – 2011 Offshore Voluntary Disclosure Initiative – Frequently Asked Questions and Answers
What are some of the civil penalties that might apply if I don’t come in under voluntary disclosure and the IRS examines me? How do they work? Depending on a taxpayer’s particular facts and...