Taxes

 Congress Releases Goals of Potential Internet Sales Tax Law

September 23, 2013 

Congress Releases Goals of Potential Internet Sales Tax Law

On Thursday, the House Judiciary Committee released basic principles pertaining to the issue of Internet sales tax. To develop these principles, the Committee received input directly from taxpayers, industry and trade groups, and representatives of state and local governments.

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September 18, 2013 

Swiss Banks to Turn Over Info on U.S. Accounts

The Tax Division of the U.S. Department of Justice has announced an agreement with Switzerland that would permit all but a few Swiss banks to avoid criminal prosecution by paying substantial fines and turning over information on accounts held by American clients.

 Thomson Reuters Launches New Online Marketplace for Tax & Accounting Pros

September 18, 2013 

Thomson Reuters Launches New Online Marketplace for Tax & Accounting Pros

The Tax & Accounting business of Thomson Reuters has launched an enhanced online marketplace at Tax.ThomsonReuters.com/Store. It is designed to help tax and accounting practitioners and corporate tax professionals more easily find and purchase the products they need, access news and insightful articles, join online communities of their peers, and more.

 IRS Tax Gap Estimate Has Room for Improvement

September 16, 2013 

IRS Tax Gap Estimate Has Room for Improvement

The Internal Revenue Service estimate of the Tax Gap, the difference between taxes owed and taxes paid voluntarily and on time, could be more comprehensive, accurate, reliable and timely, according to a new report released publicly today by the Treasury Inspector General for Tax Administration.

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September 14, 2013 

Nonprofits & the IRS: 5 Risk Areas to Watch For

As the Internal Revenue Service Exempt Organization division twists and turns in the wind over the recent scandal involving undue scrutiny on certain tax-exempt applications, nonprofit managers and practitioners might wonder how this will impact them.