Tax research

There are currently 17 states offering sales tax holidays where state sales tax charges are temporarily dropped on back-to-school items such as clothing, footwear, classroom supplies, computers and certain other products, according to CCH.

Thomson Reuters has introduced Checkpoint Pocket Assistant, a mobile app that helps tax and accounting professionals perform tasks from an Apple iPhone.

Thomson Reuters has integrated the upcoming back-to-school tax holidays into its ONESOURCE Indirect Tax Software.

Conservative economist Dr. Arthur Laffer has co-written a study that identified a positive economic impact in efforts to require online retailers to collect sales taxes from customers on Internet purchases.

For some companies that got a temporary reprieve from the IRS in the height of the recession, the payback isn’t going to be as bad as they expected.

CCH said it has been selected for the ninth straight year by the Internal Revenue Service to deliver sales tax rate and taxability tables to help millions of Americans prepare their tax returns.

Thomson Reuters has released the 2013 edition of its annual Tax Planning Guide.

Seventy-nine percent of New Jersey CPAs anticipate their clients will pay more taxes in 2014 than 2013, according to a new survey.

Unauthorized immigrants are already paying $10.6 billion a year in state and local taxes, according to a new analysis that estimates an additional $2 billion revenue increase for the 50 states and the District of Columbia if undocumented immigrants who currently in the U.S. are allowed to work legally.

BDO USA LLP has named CCH as the primary research provider for its professionals nationwide.

Profitable U.S. corporations paid only about 13 to 17 percent of their pretax worldwide income in U.S. federal income taxes, according to a new report from the Government Accountability Office based on data from the actual tax returns filed by the corporations.

The inability of cities and local jurisdictions to collect existing sales taxes on Internet sales translates into billions of dollars in lost revenue, according to a new report from the U.S. Conference of Mayors, that found New York City, Phoenix and Chicago as the top money-losing cities.

A new study jointly conducted by the Congressional Budget Office and the Joint Committee on Taxation estimates that the bill currently under debate in the Senate would save nearly $1 trillion over the next two decades, largely because more than 10 million additional people would be paying taxes.

World leaders at the G8 Summit meeting in Lough Erne, Northern Ireland, issued a declaration Tuesday calling for countries to share tax information and increase transparency to discourage tax evasion, and President Obama released an action plan for identifying actual company ownership.

Bloomberg BNA executive editor of tax and accounting George Farrah discusses how accountants today are dealing with the economy, technology, globalization and practice management, in an interview with Accounting Today editor-in-chief Daniel Hood.

CCH has unveiled Sales Tax RADAR (rates and decisions administration reporting), a new cloud-based tool designed to track rates and taxability details in thousands of jurisdictions

Bloomberg BNA has begun a joint initiative with Tax Materials, the producers of the tax reference book series TheTaxBook, to include content from TheTaxBook in Tax Prep Guides that will be offered as part of Bloomberg BNA’s Tax Practice Series.

The Internal Revenue Service does not have enough data to identify who claims a tax expenditure and how much they claim, for nearly half the dollar value of all tax expenditures, or $492 billion out of $1 trillion, according to a new report by the Government Accountability Office.

A new report from the Congressional Budget Office found that the top 10 tax expenditures are distributed unevenly across the income scale, with much of the benefit going to the top-earning 1 percent of the population.

Understanding the detailed requirements of the health care reform law, and the potential penalties of noncompliance presents, challenges to accountants who are trying to advise their business clients about the Affordable Care Act.