Temporary and proposed regulations issued in 2014 authorized the IRS to create a streamlined process for eligible organizations to use in applying for tax exempt status under Code Sec. 510(c)(3), and those proposed regulations have now been adopted with minor, insubstantial revisions that authorize the continued use of the streamlined process for applying and meeting […]

The post Final Regulations Provide Streamline Tax-Exempt Status Application Process (T.D. 9819) appeared first on Tax & Accounting Blog.

Senate Republicans continue discussions on their healthcare bill, the Better Care Reconciliation Act of 2017 (BCRA), which would repeal and replace, in part, the Patient Protection and Affordable Care Act (ACA) (P.L. 111-148) and related taxes. Senate GOP leadership chose to delay debate and a vote on the bill during the week of June 26 […]

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The House Appropriations Financial Services and General Government Subcommittee held a June 29 markup of the fiscal year (FY) 2018 government appropriations bill that was released by the full committee in draft form the day before. The federal government budget bill, approved by voice vote in subcommittee, proposes reducing IRS funding by $149 million from […]

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Communication. Such a simple word, but is it really that simple? With all of the types of communication used in the business world today, it could not be any more complex! So many communication rules and types. From non-verbal communication to the written word, the list is endless. It’s hard to keep up with, and […]

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The 2017 Mississippi Second Amendment Weekend (MSAW) sales tax holiday will take place between 12:01 a.m. Friday, August 25, 2017, and 12:00 midnight, Sunday, August 27, 2017. During this holiday period, sales tax is not due on the sale of firearms, ammunition, and certain hunting supplies. Exempt hunting supplies are limited to archery equipment, firearm […]

The post Mississippi ~ Sales and Use Tax: Second Amendment Sales Tax Holiday Set for August 25-27 appeared first on Tax & Accounting Blog.

The Kansas Department of Revenue has issued a notice explaining that the personal income withholding tax tables have been amended as a result of recently enacted legislation that increased personal income tax rates retroactively for tax year 2017, and further increased them for tax year 2018 and later years (TAXDAY, 2017/06/09, S.7). The updated withholding […]

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