ADVERTISEMENT

Tax

Recent Activity

Anonymous Member
Anonymous
(staff Accountant )
Can anyone provide me with an authoritative answer on reimbursed expenses being reported on a 1099-MISC.
Member's Profile
Michael Scherbourg
(CFO at Miklan Manufacturing)
Can I ignore 1099s for non-U.S. residents/entities? We have brought on some service providers in India and the UK this past year.
Member's Profile
John Olson
Title: Associate
Company: Radius
(Associate at Radius)
International tax laws are complicated. Many businesses that open offices abroad don’t fully understand their corporate responsibilities, relying instead on “common sense...
Member's Profile
John Olson
Title: Associate
Company: Radius
(Associate at Radius)
Our advisory team members are a remarkably accomplished bunch; their expertise and experience help clients overcome compliance challenges of the moment, which puts our advisors in a...
Member's Profile
Christie Jahn
(CFO at Atlantic Wireless Communications)
In Jan 2014, as a result of Obama Care; employer paid health benefits will be taxable as a fringe benefit. I'm looking at it from the perspective of increased tax brackets possibly...
Member's Profile
Steven Halpern
(Senior Financial Controller at Maclaren Services, Inc)
My company is considering hiring unpaid interns. What are the potential and actual risks of doing so, and what internal and external (Federal / State / Local) documents should be or...
Anonymous Member
Anonymous
(Sales Manager)
Here is the situation. A Sales Manager works for a "large corporation" and is concerned that what "large corporation" is asking him to do is not proper or follows...
Member's Profile
Chris Shumate
(Corporate Accountant at Empire Corporation of Tennessee, Inc.)
The IRS recently issued Notice 2015-82 that is allowing companies without AFS to expense tangible personal property items up to $2500, which is an increase from the original $500....
Member's Profile
Randall Bolten
Title: CEO
Company: Lucidity
LinkedIn Profile
(CEO at Lucidity)
The Powerball payout has reached the jaw-dropping, mind-numbing (insert your favorite hyper-adjective here) level of $1.4 billion. Tragically, state lotteries are one of the...
Anonymous Member
Anonymous
(Accountant)
What are the IRS reporting requirements for severance payments? If paid through the payroll service then I know we've got it covered. What about lump sum payments that arise after...
Member's Profile
Jenny Okonkwo
Title: President and Founder
Company: Transform Consulting
LinkedIn Profile
(President and Founder at Transform Consulting)
For many small businesses, the income tax filing process is an overly complicated, time consuming process due to the following reasons: Poor Record Keeping What cannot be supported or...
Member's Profile
Event Questions
(Event Questions at Proformative)
  "Is it legal for an auditor to make a mid-audit request to audit the sales tax reporting of a related company, or must the auditor making the referral have a separate case...
Anonymous Member
Anonymous
(consultant)
we are a small for profit LLC. This year, we invited a friend of us went on two oversea trips with us to help interpreting with our foreign supplier. The friend did not charge us...
Anonymous Member
Anonymous

An employee would like to opt out of W2 status to become an independent contractor. His job should be classified as a W2 employee according to the standards provided by the IRS. His...
Anonymous Member
Anonymous
(Chief Financial Officer)
We use SAP and the IT is working to configure the expense PO in SAP. They ask to code sales tax of the expenses PO as sales tax. My previous experience, we post purchase amount...
Member's Profile
Event Questions
(Event Questions at Proformative)
  "How many years are available to correct sales tax errors if you make them? Is there a statute of limitations or the like?" This question was asked at a recent webinar...
Member's Profile
John Olson
Title: Associate
Company: Radius
(Associate at Radius)
12/2/2015 By Nina Kingsley, VAT Manager With global e-commerce expected to surpass $1.6 trillion this year and $3.5 trillion by 2020 (constituting more than 12% of worldwide...
Anonymous Member
Anonymous
(Analyst)
I work for a Not for Profit Canadian University and I have an invoice in Euro ( Ad charges Plus VAT ) to pay in France. The charges relate to posting an advertisement in Europe. There...
Member's Profile
Jeff Sk5
(Managing Director at UCA)
If a company pays a vendor using a W9, is the vendor responsible for any tax
Member's Profile
John Olson
Title: Associate
Company: Radius
(Associate at Radius)
By Lee Curthoys, Corporate Tax Lead, Radius The Republic of Ireland is known throughout the world for attracting foreign investment through its low corporation tax rate, which now...