Now you no longer need to guess because the Internal Revenue Service has introduced a new tool for determining a taxpayer’s eligibility for an offer in compromise that can help lower the taxpayer’s outstanding tax debts. The IRS’s new Offer in Compromise Pre-qualifier toolHelps Tax Practitioners determine a taxpayer’s eligibility for an offer in compromise…
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Get Ready for the EU TIN … Comming To Europe Soon!
The European Commission requested consultations from the pubic regarding establishing an EU Taxpayer Identification Number (TIN). Comment Are Requested: Use of an EU Taxpayer Identification Number (TIN) Title Consultation on the "Use of an EU Taxpayer Identification Number (TIN)" [short-name: EUTIN] Policy fields Taxation Target groups All citizens and organisations are welcome…
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Everything You Ever Wanted To Know About…ATRA of 2012.
The Joint Committee Released Their Explaniation of American Taxpayer Relief Act (ATRA) of 2012. This document, prepared by the staff of the Joint Committee on Taxation in consultation with the staffs of the House Committee on Ways and Means and the Senate Committee on Finance, provides an explanation of tax legislation enacted in the 112th…
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The Internet Sales Tax Exemption About To Expire?
U.S. states could collect millions of dollars in online sales taxes, with members of both parties in Congress sponsoring legislation that would resolve states' decades-long struggle to tax businesses beyond their borders. A bipartisan group of 53 lawmakers in the Senate and House backed the Marketplace Fairness Act of 2013 last Thursday, Febuary 15, 2013,…
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