Tax tax services Transportation 
TaxConnex
JANUARY 11, 2022
It’s one of the most important aspects of an online business – and one of the wackiest when trying to determine whether sales tax applies or not. Many states say that when the contents of a shipment are taxable, so is the shipping cost; similarly, when items in a shipment are exempt from sales tax, so is the cost of shipping.
Withum
FEBRUARY 21, 2022
Federal Courts continue to reject constitutional challenges under the 5th Amendment to Section 7345, passed as part of the “Fixing America’s Surface Transportation Act” in 2015. Section 7345 gives taxpayers several ways they can work with the IRS to avoid the certification of their delinquent tax debt and referral to the State Department.
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TaxConnex
JANUARY 17, 2023
Online sales could not exist without shipping, and the charges associated with shipping are subject to sales tax in many states. Question is, who has to pay that sales tax these days, and where? For sales tax purposes, you’ll see reference to “shipping,” “shipping and handling” (Arizona taxes these two, for instance) and “delivery”.
Withum
APRIL 14, 2022
A student’s cost of attendance generally includes tuition and fees (net of certain amounts including scholarships) and an allowance for room and board, books, supplies, transportation, and miscellaneous expenses of the student. Business Tax Services. How will my employer know if I am making qualified student loan payments?
CPA Practice
JULY 6, 2023
Deductions for business travel can be available when someone must travel away from their tax home or main place of work for business reasons. Other expenses that are deductible include the following: Fares for taxis or other types of transportation. For future tax years, please be sure to reference any updates issued by the IRS.
Withum
MAY 4, 2022
New York’s fiscal year 2023 budget bill that was enacted into law significantly expands the benefits of the state’s pass-through entity tax (“PTET”) for many businesses. The New York PTET allows partnership (including LLCs) and S corporation entities to make an annual election to pay an entity-level tax. PTET Income Tax Addback.
inDinero Accounting
OCTOBER 17, 2024
For small business owners and startup founders, navigating the complex world of tax deductions can feel like traversing a financial minefield. As we delve into the specifics, remember that tax laws are as dynamic as the business world itself. Indinero’s virtual bookkeeping service simplifies record keeping.
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