Tax
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Electronic Federal Tax Payment System Worksheets
We are looking at acquiring a few companies that make tax payments via EFTPS. I was curious as to some insights regarding anyone's experiences/issues with using EFTPS. I guess using EFTPS involves creating EFTPS worksheets? Are these straightforward? Also, I have "gotten wind" of an EFTPS scam late…
1
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1099 requirements for pass through awards
I have a non-profit client who wants to make grants to teachers--a check (>$600) would be written to one teacher ("master teacher") who is responsible for opening a separate checking account and distributing the money in smaller award amounts to other teachers (usually each sub-award is <$60…
2
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Interesting idea proposed by Gov Cuomo of NY
Don't wanna pay taxes? Work near SUNY Gov. Andrew Cuomo wants to create tax-free hot spots near the state's public universities. In an attempt to shed New York's image as a "tax capital" of the U.S., Governor Andrew Cuomo on Wednesday unveiled the first of a few initiatives that will create tax-fre…
15
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Can a US company reclaim VAT paid in the UK?
We (a US corporation, not registered for VAT in the UK) pay VAT for a consultant working in the UK. Can a US corporation get the VAT refunded?
4
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My Clients Have Employees in Other States - Does that Imply Nexus?
I work with several start-ups that have 1-2 employees in other states. Payroll taxes are being withheld and sent in. Now that it is tax time, I'm trying to determine if State corporate tax returns are required. Can someone point me to a resource on the web that lists each State's nexus qualificatio…
8
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How to identify the use tax?
Is there a quicker & easier way to identify the use tax owed, besides doing it manually?
9
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Any Corporate Tax Planning Tips, Strategies And Ideas?
Given impending corporate tax reform, what ideas or tips do you have?
2
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Automobile Tax Writeoff for Karate Studio
Quick question for the group. My kids’ karate instructor was wondering if there was a way he could write off any of his vehicle expenses. He’s looking to buy a new car (or lease) and is wondering if he can write off the lease payment, the maintenance, or any of the other expenses. Does anyone …
8
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Sales Tax Exemption Forms
We are doing business with a 501 C 3 group and when I asked them for their tax exempt paperwork they only provided me with a W-9 with the note about their status. Shouldn't they also have another form they can provide as appropriate backup when asked? I am not sure what specifically to ask for.
8
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Extensions at Tax Time
March 15 is fast approaching, and with it the deadline for filing corporate tax returns. I am wondering how many companies file by then, and how many apply for the extension? Also, if all required information is available in time to file, are there any good reasons for applying for the exte…
2
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State Tax Nexus
My client is a broker of data searches. His company is located in FL, his client is located in Washington, DC, and the supplier of the data is located outside of the US. By way of example DC engages FL to perform data searches. FL sends the request to Non-US, who provides a response to FL, w…
4
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Treatment of Payments for Specified energy Property in Lieu of Tax Credits under ARRA of 2009
Under section 1603 of the American recovery and Reinvestment Tax Act of 2009, the US Treasury makes payments to persons who place in service specified energy property. Per the guidance, 50% of the grant is to be used to reduce the depreciable asset value, how is the remaining 50% to be recorde…
5
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Contractual Language TAX question proposed to benefit customer/company as the “purchasing” client.
Hi Everybody, Contractual Language TAX question proposed to benefit customer/company as the “purchasing” client. Scenario: Company contracts to re illuminate warehouses with a new lighting bulb and fixture product. Product is purchased with no out of pocket expense initially for installation …
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