Taxes

November 16, 2020 

On November 3, 2020, residents of Arizona, Montana, New Jersey, and South Dakota voted to allow the possession, use, and retail sale of marijuana. Once retail stores in these states are up and running, tax from sales of cannabis and cannabis products ...

Gail Cole

November 10, 2020 

While most eligible individuals automatically received their Economic Impact Payment, others who don’t have a filing obligation can only get their money by registering online with the IRS. The only way to do that is to use the Non-Filers to ...

November 9, 2020 

State and local income taxes imposed on and paid by a partnership or S corporation on its income are allowed as a deduction by the partnership or S corporation in computing its non-separately stated taxable income or loss for the taxable year of ...

November 9, 2020 

National EIP Registration Day is part of the agency’s further concerted push with partners across the country to make sure every eligible American has registered before the Nov. 21 deadline to receive their Economic Impact Payment this year.

November 9, 2020 

Kansas isn’t alone in taxing remote sales, but it is unique. Following the Wayfair decision, legislatures in most states adopted economic nexus laws requiring certain out-of-state businesses to register then collect and remit sales tax.

November 9, 2020 

The California Department of Tax and Fee Administration (CDTFA) is being sued for “crushing thousands of small business owners” by holding Fulfillment by Amazon sellers liable for back sales tax. The Online Merchants Guild, a trade association for small online businesses, is the plaintiff. The language of the suit is at times inflammatory: It warms...…

November 5, 2020 

Avalara has acquired the operational assets of Business Licenses, LLC, a company that provides software and services for the research, acquisition, and management of business licenses, registrations, and permits for businesses of all sizes.

October 23, 2020 

The IRS has already sent nearly 9 million letters to people who may be eligible for the $1,200 Economic Impact Payments but don’t normally file a tax return. The letters, along with the special Nov. 10 event, both urge people to use the...

October 9, 2020 

COVID-19 brought financial challenges to much of the public and forced companies to reimagine how business is done. Congress responded with generous relief, much of which runs through the tax code.

October 6, 2020 

People who haven’t received a Coronavirus stimulus payment, and don’t typically file a tax return, can use an online tool to request their payment, up until Nov. 21.

October 5, 2020 

Avalara, Inc. has acquired Transaction Tax Resources, Inc. (TTR) for approximately $377 million in cash. TTR, known as the tax answer company, primarily serves enterprise businesses and their internal tax teams, offering U.S. sales and use tax rates, laws, software, and customer support required for the biggest and most complex companies. Avalara is a provider of...…

September 29, 2020 

According to documents released by Biden’s campaign Tuesday, the former vice president and his wife, Jill, got a refund of $46,858 after paying $346,204 in income taxes. He reported a taxable income of $944,737, paying 31.7% of it in taxes