U.S. Supreme Ct. Wayfair Nexus Decision and Responsible Person Rules – Employees Can be Personally Liable for their Company’s Uncollected Sales Tax on Interstate Sales Background If you are a … [Read more...] about Individual (Responsible Person) Is Personally Liable for Company’s Tax Liability
IRS Lacks Authority to Deny Disbarred, Suspended and Sanctioned Tax Preparers to Prepare Your Tax Returns
Disbarred Attorney Allowed by Law to Prepare Income Tax Returns If a tax preparer fails to file his/her federal income tax returns, fails to remit the taxes due, willfully fails to sign a tax … [Read more...] about IRS Lacks Authority to Deny Disbarred, Suspended and Sanctioned Tax Preparers to Prepare Your Tax Returns
Tax Preparer Fails to File Extension To File Request and Taxpayer is Assessed $120,607 Penalty – Court Denies Abatement of Penalty
Procrastination Cost Taxpayer $120,627 Background Kristin Intress and Patrick Steffen (taxpayers) were a married couple who filed a joint return for the 2014 tax year. Taxpayers were … [Read more...] about Tax Preparer Fails to File Extension To File Request and Taxpayer is Assessed $120,607 Penalty – Court Denies Abatement of Penalty
IRS Reconstructs Income for Taxpayer Who Failed to File Tax Returns for Five Years
Lack of Adequate Records by Taxpayer Not a Deterrent to Preventing IRS from Reconstructing Taxable Income Background Francis Steffan Hayes [T.C. Memo 2019-147] failed to file his tax returns … [Read more...] about IRS Reconstructs Income for Taxpayer Who Failed to File Tax Returns for Five Years
PA Updates Its Corporate Income Tax Nexus Standard
PA Adopts Wayfair Nexus Decision that Physical Presence is Not Needed for PA to Tax Out-of-State Corporations that Receive an Economic Benefit from Their PA Marketplace Presence Physically … [Read more...] about PA Updates Its Corporate Income Tax Nexus Standard
NJ Amends its Sales Tax Law Regarding Transient Accommodations
Rental of a Transient Accommodation Obtained Directly from the Owner is No Longer Subject to NJ Sales Tax Background In our blog post of October 30, 2018, we alerted our readers that New … [Read more...] about NJ Amends its Sales Tax Law Regarding Transient Accommodations
