The Gillette Company v. The California Franchise Tax Board (FTB) addresses whether taxpayers may elect to use the apportionment formula outlined in the Multistate Tax Compact (codified in former Revenue & Taxation Code Section 38006) rather than the...
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Month: February 2016
New California Employer’s Guide and Household Employer’s Guide Available Online
California's Employment Development Department publishes a new Employer's Guide (DE 44) and Household Employer's Guide (DE 8829) each year to help you understand your rights and responsibilities if your business hires employees.The 2016 guides are available for...
Complete IRS “Dirty Dozen” List of Tax Scams for 2016
Tax season is here, and so are criminals ready to scam you out of your money or refunds. The IRS says, "Remember - if it sounds too good to be true, it probably is."In an effort to educate and protect taxpayers, the IRS has compiled a list of the twelve most...
IRS Issues Warning of Major Upswing in E-mail Tax Scams
After seeing phishing and malware incidents quadruple this tax season, the IRS issued a renewed warning to consumers to be wary of suspicious e-mails. They are designed to look like official e-mails from tax agencies, tax preparers, or tax preparation software...
Bilateral India-US Advance Pricing Agreement Requests Open Feb. 16
The US Internal Revenue Service announced that their Advance Pricing and Mutual Agreement office will begin accepting requests for bilateral advance pricing agrements between the United States and India starting February 16, 2016. These agreements will help make...
Do You Qualify for the Earned Income Tax Credit?
Taxpayers in the United States with valid Social Security numbers may be eligible for a federal Earned Income Tax Credit if they meet certain criteria. The Internal Revenue Service has created an online "EITC Assistant" to help you determine if you are one...
Dependent Contractors? Third Classification of Workers May Evolve from the Sharing Economy
Entrepreneurs who participate in the "Sharing Economy" may be granted a new worker status as the traditional classifications of employee and independent contractor no longer fit this modern group of workers. Also known as the Gig Economy or the On-Demand Economy,...
FTB Offers FAQ for Enhanced myFTB Website
California's Franchise Tax Board, which is responsible for administering the state's personal income tax and corporation tax programs, has recently launched an enhanced version of the website California taxpayers use to file and pay their taxes. The improved site,...
How to Find Out if Your Foreign Tax Qualifies for an IRS Credit
The Internal Revenue Service has published an article to help you determine whether foreign taxes you pay qualify for the Foreign Tax Credit. They list four criteria for you to evaluate the taxes you paid outside the United States. In brief, they are: The tax...
IRS Increases Sophistication to Match Identity Criminals
The Internal Revenue Service has been working with the states and tax professionals to increase security for taxpayers. The IRS reminds taxpayers of scams to avoid as part of its "Dirty Dozen" series. Identity theft at tax season is the first on its list. The IRS...
