by Isioma Ogbue | Jul 15, 2018 | Tax News
The American Institute of CPAs has urged the Internal Revenue Service and the US Treasury Department to simplify the draft 2019 Form W-4, Employee’s Withholding Allowance Certificate, and the accompanying instructions, to reduce administrative burdens on...
by Isioma Ogbue | Jul 8, 2018 | Tax News
The US Internal Revenue Service has announced plans to streamline the personal income tax return for the 2019 tax filing season, to reflect changes brought about by the Tax Cuts and Jobs Act.
Source: IRS Tax News – Tax-News.com: IRS Announces Plans To...
by Isioma Ogbue | Jul 5, 2018 | Tax News
The International Monetary Fund has recommended that the United States raise indirect taxes to boost revenues, to offset the cost of recent tax cuts and spending increases.
Source: IRS Tax News – Tax-News.com: IMF Urges US To Hike Indirect...
by Isioma Ogbue | Jun 28, 2018 | Tax News
The decision by the US Supreme Court to drop the physical presence requirement for states to impose sales tax will have an “incredible impact” on states’ tax regimes and revenues, according to Mark Friedlich, Senior Director of Tax and Accounting,...
by Isioma Ogbue | Jun 25, 2018 | Tax News
In a landmark decision on June 21, the Supreme Court of the United States overturned existing case law by ruling that a state can collect sales tax on remote sales even when the vendor does not have a physical presence in the state.
Source: IRS Tax News –...
by Isioma Ogbue | Jun 13, 2018 | Tax News
US congressman Peter DeFazio (D-OR) has introduced legislation designed to amend the Tax Cuts and Jobs Act so that incentives for US corporations to shift income and production overseas are reduced.
Source: IRS Tax News – Tax-News.com: DeFazio Tables US...
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