Archive for the ‘1099News Tax Blog’ Category
Website, Twitter feed created for tax reform
Max Baucus, chairman of the Senate Finance Committee, and Dave Camp, chairman of the House Ways and Means Committee, have launched a new website and Twitter feed geared toward tax reform. TaxReform.gov and @simplertaxes are both intended to generate input regarding changes to the U.S. Tax
Senator Rand Paul introduces legislation to repeal parts of FATCA
While the Foreign Account Tax Compliance Act (FATCA) has had its fair share of detractors both within and outside the U.S., new legislation introduced by Senator Rand Paul will likely stir debate regarding the regulations further. Paul, a Republican Senator from Kentucky, has introduced
Agile Development in an Agile Industry
Twelve years ago, 17 software developers retreated to a resort nestled in the Wasatch Mountains of Utah. After three days of discussion, debate and collaboration, they emerged with a software engineering framework that would usher in a new age of development. After decades of struggling to use
Tax challenges, due dates discussed at IRS forum
In a statement made to the IRS's Oversight Board, Lonnie Gary, chair of the Government Relations Committee at the National Association of Enrolled Agents, spotlighted recent challenges for tax information professionals. Gary also addressed discussion regarding real-time document
IRS employees protest budget cuts, furloughs
Members of the National Treasury Employees Union (NTEU) rallied in New York City on Tuesday to protest the sequester, according to CNN Money. "…[T]he cuts will wipe $600 million from the IRS's budget this year, forcing the agency's nearly 100,000 employees to be
IRS releases final EIN regulations
New regulations regarding employer identification numbers (EINs) from the IRS will be affecting businesses across America come January 1, 2014. The government agency has said that its final regulations regarding EINs are intended to make collecting and maintaining accurate information easier. The
Senator Rand Paul continues to block FATCA implementation
Republican Senator from Kentucky Rand Paul is continuing to block international tax treaties with Switzerland, Luxembourg, Hungary and other countries despite urging from Global Financial Integrity (GFI), an organization dedicated to stopping the flow of illegal money between countries. According
US, Australia, UK team up to fight tax evasion
As reported by the IRS, the U.S., Australia and the United Kingdom have announced a plan to share tax information regarding trusts and companies throughout the world. Sharing information regarding these entities, which hold assets for citizens of different jurisdictions, is only the latest
