Taxes

NY Dept Taxation Finance

December 9, 2019 

New York Sets Confusing, Retroactive Sales Tax Policy

The January 2019 notice provided an exception for small remote sellers. Businesses with no physical presence in New York need to collect New York sales tax only if, in the immediately preceding four sales tax quarters ...

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December 6, 2019 

IRS Issues Final Regs on Foreign Tax Credit

Additionally, the TCJA changed how taxable income is calculated for purposes of the Foreign Tax Credit limitation by disregarding certain expenses and repealing the use of the fair market value method for allocating interest expense.

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December 6, 2019 

Forms W-2, W-3 Due by Jan. 31, 2020

Certain Forms 1099-MISC, Miscellaneous Income, filed with the IRS to report non-employee compensation to independent contractors are also due at this time. Such payments are reported in box 7 of this form.

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December 3, 2019 

Chart Shows When to Expect Your 2020 IRS Tax Refund

The below chart shows an estimated timeline for when a taxpayer is likely to receive their refund, based on the information we have now, and using projections based on previous years. If your IRS income tax refund is delayed ...

2019 1040 form taxes

December 1, 2019 

2020 IRS Refund Chart: When to Expect a Tax Refund

One of the first and most frequent questions that tax preparers hear each year from their clients is: When will I get my tax refund from the IRS? We have the answer (estimated) in a simple chart below.

 The Digital Economy: A Taxing Challenge for Global Governments

December 1, 2019 

The Digital Economy: A Taxing Challenge for Global Governments

The global conversation around digital services tax has been heating up since France introduced its 3% tax on large U.S.-based global tech companies. Without waiting for a unified plan from the Organization for Economic Co-operation and Development ...