Articles and Tax Tips
In September of 2014 The California Franchise Tax Board announced new “nexus” threshold requirements. Let's examine these new rules and learn why if your organization is generating in-state revenue from business activities that it is more likely you will have California reporting requirements for Tax Year 2014.
THIS MONTH'S FEATURED SUBSCRIBER ARTICLE: State and Local Information Reporting Focus on Los Angeles
In addition to Federal and State Level reporting, there are a number of cities that have unique reporting requirements. These include infamous Form 1099 required cities such as Philadelphia, Wilmington, Detroit, and this month's focus: The City of Los Angeles.
On March 4, 2014, the IRS published the final Form W-8ECI, Certificate of Foreign Person's Claim That Income Is Effectively Connected With the Conduct of a Trade or Business in the United States. This month let's look at the biggest issues posed by the new form.
The IRS “speaks in code” - meaning the key language used is often legalistic and extraordinarily difficult for AP professional's to follow. Even though some of these terms rise to the level of nothing more than pure jargon, it is important that you know what certain terms mean and from the IRS’ perspective.