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Dec 19, 2014 Michigan ~ Multiple Taxes: Guidelines Issued on Offer in Compromise Program
The Michigan Department of Treasury has released guidelines for its offer in compromise program that begins January 1, 2015. (TAXDAY, 2014/07/01, S.16) In order to qualify, there must be a doubt as to liability, doubt as to collectability, or the …...
Dec 19, 2014 Washington ~ Business and Occupation, Sales and Use Taxes: Taxability of Donations Received From Crowdfunding Explained
The Washington Department of Revenue has released guidance on the application of sales tax and business and occupation (B&O) tax to donations received through crowdfunding. The project creator is required to collect sales tax on donations if it...
Dec 19, 2014 All States ~ Multiple Taxes: CCH® IntelliConnect Browser Search Simplifies Tax Research!
Beth D. Frankey, CPA, Senior Family Office Advisor from Vogel Consulting, says that “CCH® IntelliConnect Browser Search makes things much easier and I have instructed all of our tax professionals to download it. I am thrilled that with CCH®...
Dec 19, 2014 CCH’s Law, Explanation & Analysis of Extenders Package/Able Act and Appropriations Now Available
On December 16, Congress passed the Tax Increase Prevention Act of 2014 after a prolonged battle in the Senate on other matters. The Act extends nearly all of the so-called Tax Extenders, over 50 popular individual and business tax breaks …...
Dec 19, 2014 Koskinen Predicts Challenging Filing Season (IR-2014-116; FS-2014-11)
IRS Commissioner John Koskinen predicted a complex and challenging filing season due to cuts in the Service’s funding. “The IRS expects the upcoming filing season to be a very complex one, so it’s more important than ever for people to …...

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