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Aug 21, 2014 North Carolina ~ Sales and Use Tax: Online Travel Companies Were Not Required to Collect and Remit Tax
Multiple online travel companies (OTCs) that operate websites that allow consumers to select and pay the OTCs for hotel rooms are not subject to North Carolina local occupancy taxes imposed by Wake, Dare, Buncombe, and Mecklenburg counties, and further...
Aug 21, 2014 Massachusetts ~ Corporate, Personal Income Taxes: Economic Development Incentive Program Credit Expanded, Other Credit Changes Enacted
As previously reported (TAXDAY, 2014/08/15, S.6), economic development legislation has been enacted that contains a number of provisions relating to credits that eligible taxpayers may claim against Massachusetts corporate excise and personal income tax...
Aug 21, 2014 Alaska ~ Severance, Corporate Income Taxes: Measure to Overturn Oil and Gas Production Tax Legislation Trails in Vote Count
According to unofficial results of the August 19 primary election, a ballot measure to repeal the Alaska oil and gas production tax changes made by S.B. 21, Laws 2013, is failing by a narrow margin. The legislation, also known as … Continue reading...
Aug 21, 2014 Applicable Federal Rates for September 2014 Released (Rev. Rul. 2014-22)
Various prescribed rates for federal income tax purposes for September 2014 have been provided by the IRS. The annual short-term, mid-term, and long-term applicable federal interest rates (AFRs) are 0.36 percent, 1.86 percent and 2.97 percent,...
Aug 20, 2014 Wolters Kluwer, CCH Tax Data Chosen by IRS for 10th Consecutive Year to Help Millions File Returns Tremendous Convenience for Taxpayers Everywhere Looking for Largest Deductions
(RIVERWOODS, IL, August 20, 2014) – Wolters Kluwer, CCH today announced that for the 10th consecutive year, it has been selected by the Internal Revenue Service (IRS) to deliver comprehensive sales tax rate and taxability tables to efficiently help...

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