Taxes December 18, 2025
The confirmation follows Monday’s posting of a draft IRS Form W-2G, reflecting changes mandated by the OBBBA, which amended federal information-reporting requirements for certain payments, including casino gambling winnings.
December 18, 2025
June 22, 2021
Twenty-nine state tax departments responded they will follow the federal treatment of such forgiveness or cancellation under section 1160(i) of the CARES Act and will not treat these amounts as taxable income. An executive summary of the survey, which ...
June 22, 2021
Trade treaties are formal agreements between two or more countries that make it easier to trade between each other by reducing tariffs, quotas, and other trade restrictions. For businesses, assembling and maintaining content related to treaties ...
June 18, 2021
It’s been three years since the Supreme Court of the United States issued the game-changing decision on South Dakota v. Wayfair, Inc. Businesses are still learning how to manage the aftereffects of this groundbreaking event, even as they navigate the ...
June 18, 2021
This change stems from the enactment of House Paper 891, An Act To Amend the State Tax Laws, which Governor Janet Mills signed into law on June 11, 2021. The measure doesn’t mention the transaction threshold — it simply removed it from the section ...
June 15, 2021
The Treasury Department and the Internal Revenue Service have unveiled an online Non-filer Sign-up tool designed to help eligible families who don’t normally file tax returns register for the monthly Advance Child Tax Credit payments, scheduled to ...
June 11, 2021
A clearer picture of the post-pandemic U.S. sales tax environment is emerging, and things are looking (surprisingly) brighter, yet (predictably) more complex.
June 9, 2021
The technology tools available to assist in this area led me to prepare my first estate plan. When I ran my first personal financial planning models and estate plans in the Kettley Publishing and Back Room Technician, now Advisys solutions with over ...
June 8, 2021
The Internal Revenue Service reminds taxpayers who pay estimated taxes that they have until June 15 to pay their estimated tax payment for the second quarter of tax year 2021 without penalty.
June 8, 2021
The Internal Revenue Service has started sending letters to more than 36 million American families who, based on tax returns filed with the agency, may be eligible to receive monthly Child Tax Credit payments starting in July.
June 7, 2021
Vertex, Inc., a provider of tax technology solutions, announced a new integration of its Vertex Lease Tax O Series with Alfa Start. Alfa Start, built exclusively for auto leasing operations of all sizes, is the preconfigured edition of the cloud-based Alfa Systems, the market leader in asset finance software worldwide. This extends Vertex’s partnership with Alfa,...…
May 27, 2021
The announcement covers the most recent two weeks of the effort brings the total disbursed so far to nearly 167 million payments. They represent a total value of approximately $391 billion since these payments began rolling out to Americans in batches ...
May 27, 2021
Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.