Senate Republicans will be unveiling the text of their revised Patient Protection and Affordable Care Act (ACA) (P.L. P.L. 111-148) repeal and replace bill on July 13, Senate Majority Leader Mitch McConnell, R-Ky., told reporters in a July 11 press briefing. A score from the Congressional Budget Office (CBO) is expected early next week, he […]

The post Revised Senate GOP ACA Repeal, Replace Bill Expected Thursday; Senate August Recess Delayed appeared first on Tax & Accounting Blog.

Tax-refund fraud in 2016 reached about $21 billion, up from just $6.5 billion in 2014, according to the IRS. With recent rises in tax-related identity theft and phishing attacks, thieves can take over the credentials of firm staff or their clients to gain access to confidential financial data including tax returns, financial statements and more. […]

The post 2-Step Verification: Stronger Security for your CCH Axcess Portal Account appeared first on Tax & Accounting Blog.

Legislation has been enacted that extends Washington sales and use tax to remote sellers, “marketplace facilitators,” and “referrers” that meet certain criteria and expands economic nexus provisions. Nexus Beginning January 1, 2018, remote sellers, marketplace facilitators, and referrers must elect to either remit sales or use tax or comply with certain notice and reporting requirements. […]

The post Washington ~ Sales and Use, Business and Occupation Taxes: Nexus Provisions Expanded to Certain Remote Sellers and Marketplace Facilitators appeared first on Tax & Accounting Blog.

Legislation has been enacted that generally conforms Hawaii corporate and personal income tax laws to the Internal Revenue Code (IRC) as amended as of December 31, 2016, for taxable years beginning after December 31, 2016. Previously, Hawaii generally conformed to the IRC as amended as of December 31, 2015, for taxable years beginning after December […]

The post Hawaii ~ Corporate, Personal Income Taxes: IRC Conformity Legislation Enacted appeared first on Tax & Accounting Blog.

Effective September 1, 2017, the tax on Delaware cigarettes is increased to $2.10 (currently, $1.60) per pack of 20 cigarettes. The tax on all tobacco products other than vapor products, moist snuff, and cigarettes is increased from 15% of the wholesale price to 30% of the wholesale price, and the tax on moist snuff is […]

The post Delaware ~ Tobacco Tax: Rate Increases Enacted and Vapor Products Added As Tobacco Product appeared first on Tax & Accounting Blog.

Legislation has been enacted that changes the Connecticut corporation business tax return filing deadline, the date used to compute estimated tax underpayment penalties, and the filing deadline for W2s and 1099 series information returns, creates a personal income tax adjustment for nonqualified deferred compensation, establishes withholding requirements for pension or annuity distributions, authorizes a withholding […]

The post Connecticut ~ Corporate, Personal Income Taxes: Tax Preparer Restrictions, Filing Deadline Changes, Other Tax Provisions Enacted appeared first on Tax & Accounting Blog.