Tax Tips

Mail Your 1095 Forms by March 31, 2016

The Affordable Care Act increases both health care coverage and paperwork. The Marketplace must provide a 1095 form to the individuals it covers. Additionally, health insurance providers, other coverage providers, and certain businesses are required to provide 1095 forms to covered individuals or employees. The forms will help the IRS determine who has health insurance and who does not. Under the Affordable Care Act, many people without coverage (and their employers) must pay a penalty.

There are three 1095 forms: […]

By |February 1st, 2016|Tax Tips|0 Comments|

MassTaxConnect Launches November 2015

The Massachusetts Department of Revenue is launching a new electronic portal on November 30, 2015. By the end of […]

By |October 30th, 2015|Tax Tips|0 Comments|

Georgia: File Sales and Use Tax on Time

The Georgia Department of Revenue has published a notice listing the 2015 dates for timely sales and use tax […]

By |March 6th, 2015|Tax Tips|0 Comments|

California: Electronic Filing FAQS

Filing sales and use tax returns electronically is encouraged in California State Board of Equalization has posted e-Filing FAQs […]

By |August 25th, 2014|Tax Tips|0 Comments|

Nebraska: Updated Sales Tax Forms for October 2014

The Nebraska Department of Revenue has updated the local sales and use tax form for the period October 1, […]

By |August 15th, 2014|Tax Tips|0 Comments|
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    Washington: New Reporting Requirements for Semiconductor Material Manufacturers

Washington: New Reporting Requirements for Semiconductor Material Manufacturers

Semiconductor material manufacturers in Washington State claiming the B&O tax rate must file an Annual Tax Incentive Report. Those manufacturers claiming sales and use tax exemptions on the purchase of gases and chemicals must file an Annual Tax Incentive Survey.

But effective June 12, 2014, a manufacturer claiming both the B&O tax preferential rate and the sales tax exemption on the purchase of gases and chemicals is required to file only the Annual Tax Incentive Report. The 2014 Annual Tax Incentive Report is due by April 30, 2015. […]

By |August 12th, 2014|Tax Tips|0 Comments|

California BOE Advises Sellers to Keep Good Records

The California State Board of Equalization has updated its publication on sales and use tax records. Publication 116 explains record requirements, types of records required, the degree of detail required, required period of retention, and so forth. It’s an invaluable read for anyone required to collect and remit California sales tax.

The advice boils down to this: […]

By |May 30th, 2014|Tax Tips|0 Comments|

Colorado’s 700 Sales Tax Rates

More than 700. That’s how many sales tax rate combinations exist in the state of Colorado Department of Revenue. […]

By |May 14th, 2014|Tax Tips|1 Comment|

Nevada: Resale Certificates v. Sales Tax Permits

The Nevada Department of Taxation fields questions day in and day out. Lately, many of those questions have pertained […]

South Dakota: Top 10 Errors Found During Audits

Everyone makes mistakes.

Cicero said, “We must not say every mistake is a foolish one.” George Bernard Shaw links mistakes to honor, “A life spent making mistakes is not only more honorable, but more useful than a life spent doing nothing.” And for James Joyce, mistakes are a launch pad, “A man’s mistakes are his portals of discovery.”

Ideally, we learn from our mistakes—that’s why Cicero, Joyce, and countless others praise them. But is making a mistake enough to learn from it? If recognizing a mistake doesn’t spark change, perhaps paying for it will. That’s undoubtedly the belief behind state audits, which slap penalties and fines on taxpayers when mistakes are unearthed.

The South Dakota Department of Revenue has published a list of the top ten errors discovered during audits in South Dakota. It reads, and I quote: […]

By |April 10th, 2014|Tax Tips|0 Comments|