Pennsylvania (PA) imposes a sales and use (S&U) tax on the retail sale of tangible personal property and certain services. For S&U tax purposes, the sale, including a license to use, canned … [Read more...] about PA Sales and Use Tax: What are the sales and use tax consequences of accessing taxable canned software on remote servers, also known as “cloud computing”?
Archives for June 2012
Foreign Bank Account Reporting (FBAR): Are you in compliance?
Are you in compliance with the IRS rules regarding FBAR? The IRS amended the questions on the 2011 Schedule B of Form 1040. The 2011 form not only asks whether the taxpayer has a foreign trust or … [Read more...] about Foreign Bank Account Reporting (FBAR): Are you in compliance?
How To Get Your Hands on $1 Billion
The IRS estimated that it had $1 billion in unclaimed tax refunds waiting for you … [Read more...] about How To Get Your Hands on $1 Billion
Hazards of Not Following IRS Rules & Regulations
A very successful California entrepreneur was denied an $18.5 million tax deduction for his charitable donations because he failed to follow the IRS substantiation rules when filing his self-prepared … [Read more...] about Hazards of Not Following IRS Rules & Regulations
