Tax research

For both consumers and corporations, the lower the income, the higher the rate of tax penalties, according to new research.

State tax policies need to be updated to better address new business models such as cloud computing, as well as a change that began long ago—the nation’s shift toward a service-based economy, according to the just-published Bloomberg BNA’s 14th annual Survey of State Tax Departments.

The Tax & Accounting business of Thomson Reuters has released an integrated Federal Depreciation Handbook and Calculator for CPA firms and corporate tax professionals.

The accounting and advisory firm Baker Tilly Virchow Krause has introduced an interactive online mapping tool that helps users determine if a business or development project may qualify under various criteria for the New Markets Tax Credit or Low-Income Housing Tax Credit program.

U.S. taxpayers would need to pay an average of $1,259 more a year to make up the federal and state taxes lost to corporations and individuals sheltering money in overseas tax havens, according to a report.

As the political fight over raising taxes for high-income Americans fades away, so are predictions for negative economic fallout.

A new Web site provides a state-by-state guide to tax laws and regulations for LGBT couples.

Thomson Reuters has published a special report on the 3.8 percent net investment income tax that was included as part of the Affordable Care Act, which tax preparers will be calculating for the first time on their clients’ 2013 returns.

The Marketplace Fairness Act, which was supposed to finally settle the question of how states can tax online sales, appears to have stalled in Congress after passing the Senate last year.

Tax returns filed this season by tax professionals are down 1.3 percent so far compared to last year, while self-prepared returns are up 5.9 percent, according to the latest IRS statistics.

Some of the largest and most profitable Fortune 500 companies are paying little or nothing in state income taxes, according to a new study.

Consumer finance site WalletHub has released a report on the states with the highest and lowest taxes.

Most U.S.-based multinational corporations paid lower U.S. taxes on their domestic profits than they paid to foreign governments on their foreign profits, according to a recent study.

CCH has released a new tax briefing analyzing the more than 160 tax proposals contained in President Obama’s $3.9 trillion budget plan.

U.S. business executives are concerned about global competitiveness in light of the disparity between tax rates charged to their overseas competitors and the rates they are charged as U.S. corporations.

More than three-quarters of multinational CFOs believe that exposure to the public of their corporate tax planning activity has a detrimental impact on a company’s reputation, according to a new survey.

Thomson Reuters has introduced Checkpoint Learning CPE courses for the Apple iPad.

The Tax & Accounting business of Thomson Reuters has compiled its annual sampling of quirky sales tax changes passed or implemented in 2013.

Thomson Reuters has released a retrospective report on the key tax developments of 2013, which included a major federal tax law as well as many significant new cases, regulations, rulings and revenue procedures. 

The United States is falling behind Europe and China in efforts to capitalize on globalization and could potentially miss out on future economic growth as a result, according to a new survey by the international accounting and consulting network UHY.