Tax & Accounting Blog
Tax & Accounting Blog
Koskinen “Focused on Service” While Facing Upcoming House Judiciary Committee Hearings
An IRS spokesperson told Wolters Kluwer on May 16 that Commissioner John Koskinen “remains focused on serving the nation’s taxpayers” after the House Judiciary Committee…
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House Approves Bipartisan IRS Oversight Bill
The House passed the Stolen Identity Refund Fraud Prevention Bill of 2016 (HR 3832), sponsored by Rep. Jim Renacci, R-Ohio, by voice vote on May…
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Oklahoma ~ Insurance Tax: Tax Rates for Certain Policies Amended
Oklahoma has enacted legislation that sets the tax rate for certain life insurance policies at 2.25% of the policy year premium, up to $100,000, and…
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Maryland ~ Property Tax: Credit Allowed for New, Small Businesses
Effective July 1, 2016, and applicable to taxable years beginning after December 31, 2016, a county may grant up to a 50% Maryland personal property…
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Georgia ~ Sales and Use Tax: Taxability of Cellular Plan Charges Discussed
A letter ruling issued by the Georgia Department of Revenue discusses the sales and use tax treatment of a taxpayer’s charges for cellular plans. The…
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Weekly Report from Washington, D.C.
House lawmakers passed the Recovering Missing Children Bill (HR 3209), while the Senate approved the American Manufacturing Competitiveness Bill of 2016 (HR 4923). In addition,…
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