IRS audits of higher income taxpayers increase The IRS audited one in eight individuals with incomes over $1
million in fiscal year (FY) 2011. While the overall audit coverage
rate for individuals remained steady at just over one percent, the
a...
Tax gap grows to $450 billion; compliance rate holds steady The "gross tax gap," or the amount of tax owed to the U.S.
government that is not paid on time, climbed from $345 billion in
Tax Year (TY) 2001 to $450 billion in TY 2006, the IRS has
reported. (Be...
CA - Independent contractor withholding webinar announced The California Franchise Tax Board (FTB) is holding a free webinar
on December 20, 2011, at 10 a.m. PST, for those who must withhold
personal income tax on California source income...
CT - DRS addresses worker misclassification problem The Connecticut Department of Revenue Services (DRS) has issued a
notice encouraging employers that have misclassified their workers
(e.g., as independent contractors rath...
ME - 2012 withholding tables released Maine Revenue Services has released the 2012 personal income tax
withholding tables. In addition, a supplement to the withholding
tables is available containing 2012 percentage met...
MA - Conference bridging service taxable Conference bridging service sold to Massachusetts customers by an
out-of-state taxpayer is subject to Massachusetts sales and use tax
because it falls within the broad definition o...
NJ - Madoff victims entitled to refunds Taxpayers, who were victims of the Madoff Ponzi scheme, were
entitled to file amended New Jersey gross (personal) income tax
returns for 2005 through 2007 to claim refunds for inte...
NY - Application for award of administrative costs denied A taxpayer was not entitled to an award of administrative costs
under Tax Law §3030 with regard to a New York sales and use
tax settlement, even though the taxpayer established tha...
PA - DOR updates bulletin on restricted credits The Pennsylvania Department of Revenue (DOR) has issued a corporate
income tax bulletin addressing the application of restricted
credits and requirements for selling tax credits. S...
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