Cautionary tale: Owner personally liable for sales tax
A New York administrative law judge found an owner to be a responsible person and personally liable for unpaid sales and use taxes.
Search Results
Industry:
Service:
- All
- Audit
- Business Applications
- Business Strategy
- Business Tax
- Compensation and Benefits
- Credits and Incentives
- Data Digital Services
- Digital Transformation
- Employee Benefit Plans
- Federal Tax
- Financial Consulting
- Financial Management
- International Tax Planning
- Managed Services
- Managed Technology Services
- Private Client
- Private Client Services
- Risk Advisory
- Risk Consulting
- State and Local Tax
- Tax
Topic:
Tax year 2022 brings more changes to international tax reporting
Understand how the IRS is changing tax compliance for taxpayers with international activity for 2022.
IRS releases fact sheet regarding residential energy credits
A recent IRS fact sheet explains tax credits for energy efficient home improvements residential energy property.
Key takeaways for employers under the SECURE 2.0 Act of 2022
SECURE 2.0 Act significantly changes the tax rules governing qualified retirement plans and individual retirement accounts (IRAs).
With no year-end tax package, businesses face unfavorable changes
Businesses must contend with several unfavorable tax changes after no significant business tax provisions appeared in a year-end omnibus package.
IRS makes statements on CARES Act Employee Retention Tax Credit risks
On Oct. 19, 2022 the IRS issued a news release warning employers to be wary of third parties who have ramped up campaigns to try and get employers to claim the CARES Act Employee Retention Tax Credit (ERTC) when they may not actually qualify.
Exempt organization inflation adjusted items for 2023
Rev. Proc. 2022-38 provides the annual inflation adjustments for more than 60 tax provisions, including those affecting exempt organizations.
Inflation Reduction Act: What $80 billion in IRS funding means for taxpayers
The Inflation Reduction Act of 2022 provides significant funding for the IRS over the next 10 years. The IRS is expected to use over half the funds for enforcement. Taxpayers can also expect to see an increase in taxpayer services.
States begin to consider digital asset taxation as sessions end
A number of states begin to consider or take steps related to the state taxation of digital assets as the economy for these assets continues to grow.
Liability assumption in M&A: Tax Court addresses income and expense
Deductions deferred despite income inclusion for contingent compensation liability assumption in the year of the asset sale.
IRS releases new guidance on R&D credit refund claim procedure
The IRS released a memorandum and FAQs to provide procedural guidance regarding R&D credit refund claims on amended tax returns.
Important upcoming deadline for deferred payroll tax
The first payment deadline for deferred payroll taxes is quickly approaching and employers should be prepared to make payments.
Senate Finance releases Build Back Better text
Senate Finance Committee Build Back Better language largely leaves House Bill unchanged. SALT language omitted as well as billionaires' tax.
IRS releases guidance on Q4 removal of employee retention credit
Employers need to react quickly to the new guidance to pay in amounts as if they were incurred on Dec. 31, 2021.
IRS releases guidance on timing of tax-exempt income for PPP loans
IRS releases Rev. Procs. 2021-48, 2021-49 and 2021-50 to address the treatment of tax-exempt income for PPP loans.