Tax
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What liability does a USA citizen who works outside of the USA for a non-USA employer have to pay Social Security and MediCare taxes since no USA taxes are withheld by the non-USA employer?
I am particularly interested in the case that the USA citizen is working in Kazakhstan for a Kazakhstan employer. Thanks!
5
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Sales Tax in California - tax on goods and Shipping and Handling
I am reviewing the sales tax processing at a small wholesaler. The Sales Taxes are currently paid on the difference between what UPS charges the company and what the company charges customers. The shipping on invoices is denoted as Shipping and Handling. Currently the company cost of handling is …
1
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Do I need to file a separate return for an Irrevocable Trust?
My client is retired and gets Railroad Retirement and a small pension from my father who passed away in 2003. She has an Irrevocable Trust which holds her savings in an annuity from which she draws monthly income. Do I need to file a separate federal and state tax return for the trust since it ha…
2
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Section 6056 Reporting
Are most companies paying to a third party to report this next year? I'm curious how this is impacting companies or what steps you are taking now to be prepared for the reporting next year.
8
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W2 residual payment for deceased
My uncle did work for an online company back in January for $5000. He is paid in installments of $200/month as W2. Fed/state/medicare deductions are deducted on on it per month. He passed away recently, and notified social security since he is over 65 years old. Since we notified social security, w…
3
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Issues with sales tax auditor
"If you have issues with your sales tax auditor, what can the auditor's supervisor do that actually makes a change in the audit determination?" This question was asked at a recent webinar, now available on-demand: "Confessions of a (Former) State Auditor" Please add your thoughts about it below. …
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What is going on in California NOL suspension right now? Are they accruable but not usable? When is this expected to go away?
What is going on in with Calif. N.O.L. Suspension 2012 right now? Are they accruable but not usable? When is this expected to go away?
2
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R&D tax credits
Over the last few months, our company spent a good chunk on developing a new snacks. We classified under product development in our book. I have heard that there are certain R&D tax credits that companies are able to take advantage of. Does product development costs would qualify under this?
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Determining Sales tax for shipments from CA going all over US but billed to RI
My company is located in Orange County, CA. We sell equipment to a company that is based in Rhode Island. The customer has facilities in almost every state (including CA). The customer's billing address is RI but we ship the equipment all over the US. Are these sales all taxable? If so, what tax ra…
2
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Ok to not tax a leasing company with reseller certificate?
One of our customers has engaged a leasing company to pay us, however, the leasing company refuses to pay sales tax (we have nexus in the state customer is located in) as they say they have reseller certificate (which they provided). They want us to list them as the "bill to" and the customer as th…
1
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IRS Penalty Abatements
How successful have you've been at reducing or eliminating the absurd penalties the IRS assesses your businesses (or your persons)? Have you used the IRS guidelines: http://www.irs.gov/irm/part20/irm_20-001-001r-cont01.html ? They talk about "reasonable cause exception". Have you found them reasona…
6
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How long to keep W-9 REQUESTS?
Like any regular business, you receive a FORMAL REQUEST for W-9's. After we fulfill the request, we have kept the letter in our files. What is a "normal" length of time to keep the letter? We are a tax-exempt organization, so our W-9's simply spell that out for any 1099's processed by our customer …
1
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Looking up vendors whose TIN's don't match the IRS
We recently sent our list of vendors to the IRS and received a file back showing unmatched vendor names. We found that some of these unmatched vendor names are sole proprietors. We have the Social Security Number (SSN) in our database as the Tax ID Number (TIN). The IRS was looking for a federal ID…
4
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Sales Tax Solution to Integrate with Intuit POS
My company has stores in 7 states and each uses Intuit POS. I'm looking for a sales tax software solution that is integrated directly with the POS for real time sales tax calculation since it is very tedious to keep current on multiple states' regulations. Does anyone know a provider other than Exa…
3
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Is the travel time billed to the customer taxable for FICA and/or other taxes?
Our sales team thought to bill the customer for travel time from/to a customer. Are there any tax implications?
7
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What creates a sales Tax Nexus In California?
Having read the legislation it is not that clear. We are a Utah company and have one customer in California. We sell a one off large item which has a yearly warranty charge. What constitites physical presence. A sales man will go to California to negotiate the sale and after that our staff only tra…
5
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Are gift certificates issued to employees as their honorarium taxable?
Some of our employees opted for a gift certificate issuance instead of giving it on cash basis, thus, we cannot withhold tax for that account. I want to know if there is such a BIR Ruling that will be violated especially if we will purchase worth P200,000.00 of GC for 10 employees. Thanks and more …
1
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Conference fee around $1,000 plus reportable on 1099-Misc?
It's not clear on the instruction whether fees to attend conferences are reportable on Form 1099 Misc; Registration fee of nominal value would likely be omitted; But when the fees are above $1,000, there seems to be more of a "service".
4
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If you have payments going to a foreign payee, have you asked for a Form W-8BEN-E to be completed?
Background - Effective July 1, under the Foreign Account Tax Compliance Act ("FATCA"), payments made to foreign entities may be subject to a 30% withholding. While there are exclusions, the place to start is to obtain a completed Form W-8BEN-E from the foreign payee. Has anyone broached the subject…
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1099 form
Whether we need to issue 1099 form for payments through corporate credit card, if yes which form to be used. Regards Siva
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New Jersey Nexus Determination
All Would appreciate hearing back from folks with experience as a company based outside New Jersey selling products into the state. Am trying to understand the ins and outs of their sales tax nexus determination. Many thanks in advance. Welles Hatch
4
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Sales & Use Tax Audit Extentions
Similar to other companies, we have been getting our share of sales/use tax audits. Upon showing up, the auditors automatically ask for an extension so they can audit another year. I have to this point refused to sign and extension. I am ok with an extension if the audit drags out for good reasons,…
3
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Can you claim R&D tax credit for website development?
My company has a website that is actually our "product". Imagine a site that we build and continuously add to and improve b/c it's our moneymaker via advertising, etc.. We have a staff of developers who work to do all of that constant building and improving. Does their work qualify for R&D tax …
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Tax Status of LLC when the only Member is a Non-profit (501c3)
Our Non-Profit organization formed an LLC to provide work-training opportunities for our clients. Does the LLC share the same tax-free status as Non-Profit?
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