TaxConnex

DECEMBER 7, 2021

SSVE and McCabe admitted their failure to collect and remit the full sales tax. Montgomery, Alabama: Two convenience store operators have pleaded guilty to failing to pay sales taxes. Under state law, businesses must report and pay sales taxes to the Alabama Department of Revenue monthly. An inconvenient truth.

Alabama

TaxConnex

SEPTEMBER 26, 2023

This applies in states where local jurisdictions have the authority to establish their own sales tax rules. Examples of states with home rule are Alabama, Louisiana, Illinois, Colorado and Alaska. Louisiana home-rule locations largely follow their state-wide tax treatment for TTP. For TPP, where did possession take place?

Sales

TaxConnex

OCTOBER 19, 2022

As a result, the New Jersey sales tax return is quite simple – requiring only the gross sales, exempt sales, taxable sales, and sales tax. Other states (for example California) have local taxes that are reported on the state return.

Sales

TaxConnex

JULY 30, 2024

Additional complexities: The five NOMAD states – New Hampshire, Oregon, Montana, Alaska and Delaware – do not have a statewide sales tax. Home rule ” localities’ tax jurisdictions in such states as Alabama and Colorado have their own nexus requirements, as do those in Illinois (Chicago) and Louisiana (parishes).

South Dakota

Dent Moses

FEBRUARY 24, 2022

Yesterday, Alabama House Bill 231 and Alabama Senate Bill 152 were forwarded to Governor Kay Ivey for signature. This legislation, when signed, will effectively exempt from state income taxes certain federal benefits that taxpayers received from the American Rescue Plan Act last year, a coronavirus relief bill passed by Congress.

Alabama

CPA Practice

OCTOBER 1, 2024

The IRS on Tuesday announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of Alabama, Georgia, North Carolina, and South Carolina, as well as parts of Florida, Tennessee, and Virginia. 22, 2024, in Alabama; Sept. 23 in Florida; Sept. 24 in Georgia; Sept.

South Carolina

TaxConnex

FEBRUARY 9, 2023

Other states allow local jurisdictions to administer their own taxes. This is prevalent in Alabama, Colorado, and Louisiana. Generally speaking, if you have exceeded the economic nexus thresholds in these states, then you are required to collect the applicable state and local sales tax.

Sales

TaxConnex

FEBRUARY 10, 2022

Some states — notably Alabama, Colorado, Louisiana, Alaska, among others — empower municipalities and other jurisdictions to levy sales taxes. Also with some states, you must specify the tax you’re registering for (e.g., sales tax or use tax). Returns are typically due monthly, quarterly or annually.

Sales

CPA Practice

FEBRUARY 28, 2023

Disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16 to file various federal individual and business tax returns and make tax payments, the IRS said on Feb. 16 deadline also applies to 2023 estimated tax payments, normally due on April 18, June 15, and Sept.

Tax

TaxConnex

MAY 11, 2021

In a few states, most notably Alabama, Colorado, and Louisiana, there are separate local level returns that you are required to file. Colorado alone has 73 home-rule jurisdictions each requiring their own sales tax return to be filed.

Sales

CPA Practice

OCTOBER 8, 2024

The scope of disaster relief encompasses individuals and businesses throughout Alabama, Georgia, North Carolina, and South Carolina, as well as 41 counties in Florida, eight counties in Tennessee, and select areas in Virginia, including six counties and a city. They can choose to claim these losses in the year they were incurred (i.e.,

South Carolina

Dent Moses

FEBRUARY 22, 2024

Alabama House Bill 391 reduced the minimum state business privilege tax in 2023 from $100 to $50. Changes in the income and net worth of the entity may result in an assessment in excess of the minimum tax. for each $1,000 of net worth in Alabama. So, no return is required. The rates range from $.25 25 to $1.75

Alabama

CPA Practice

JUNE 29, 2023

Taylor, Kiplinger Consumer News Service (TNS) The IRS, after confusing millions of California taxpayers with tax balance-due notices in May and June, will send follow-up letters to people in states that received extra time to file their federal income tax returns due to severe weather events. 16, 2023 to file.

income tax

CPA Practice

APRIL 12, 2023

million people across the nation (state-by-state list below) have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return. billion in refunds remain unclaimed because people haven’t filed their 2019 tax returns yet. Need to file a 2019 tax return?

Rhode Island

Dent Moses

AUGUST 31, 2023

The county utilizes a mass appraisal process set forth by the Alabama Department of Revenue. Calculation: Property Taxes = (Assessed Value * Tax Rate) – Exemptions Homestead Exemption The regular homestead exemption (Type H1) is available to Alabama residents who own and occupy a single-family home as their primary residence.

Alabama

Cherry Bekaert

AUGUST 10, 2023

Pass-through entity taxes (PTET) are constantly changing on a state-by-state basis. How Alabama’s PTET Works Alabama’s PTET election is made by submitting Form PTE-E via “My Alabama Taxes” on or before the 15 th day of the third month following the close of the tax year. Louisiana Louisiana House Bill No.

Alabama

CPA Practice

FEBRUARY 27, 2023

Disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16 to file various federal individual and business tax returns and make tax payments, the IRS said on Feb. 16 deadline also applies to 2023 estimated tax payments, normally due on April 18, June 15, and Sept.

Tax

Dent Moses

OCTOBER 22, 2024

The Alabama Accountability Act was effective in 2013 and established a dollar-for-dollar income tax credit for contributions paid to Scholarship Granting Organizations (“SGO”). Individual and corporate taxpayers in Alabama can still benefit from this program in 2024.

Alabama

TaxConnex

SEPTEMBER 28, 2023

Some states do require hefty security deposits, though, as in Alabama (they’re “bonds” in North Dakota ). Should you register for sales tax, seller’s use tax or consumer’s use tax? As a seller, you will likely register for either sales tax or seller’s use tax. When did you start doing business in the state?

Sales

PYMNTS

APRIL 12, 2017

Identity company MorphoTrust USA looks to put a dent in tax fraud and theft by adding an additional layer of authentication security into the mix. The company recently announced a partnership with the Alabama Department of Revenue (ADR). Magee, commissioner of the ADR.

Alabama

CPA Practice

OCTOBER 10, 2024

The tax relief is for all individuals and businesses in the entire states of Alabama, Georgia, North Carolina, and South Carolina, and parts of Florida, Tennessee, and Virginia. Taxpayers in these areas now have until May 1, 2025, to file various federal individual and business tax returns and make tax payments.

North Carolina

TaxConnex

OCTOBER 3, 2023

Highs and lows: According to The Tax Foundation’s most recent analysis , the five states with the highest average combined state and local sales tax rates are Tennessee (9.548%), Louisiana (9.547%), Arkansas (9.44%), Washington (9.4%) and Alabama (9.24%). billion for August, $39.4 million less than estimated and $1.7

Sales

TaxConnex

JUNE 6, 2023

Local sales taxes can also apply, especially in home-rule states like Colorado, Illinois and Alabama. California also has a ton of local taxes, and Louisiana has a sales tax system infamously complex. But it isn’t so different from Canada , where provinces apply widely varying combinations of their three sales taxes.

Sales

Withum

OCTOBER 3, 2024

The IRS issued a news release providing tax relief for taxpayers affected by Hurricane Helene. This includes the entire states of Alabama, Georgia, North Carolina, and South Carolina, 41 counties in Florida, eight counties in Tennessee, and six counties and one city in Virginia.

South Carolina

CPA Practice

OCTOBER 12, 2023

Also exempt from the tax: Gross receipts from the retail sale of any firearm, firearm precursor part, or ammunition by any licensed firearms dealer, firearms manufacturer, or ammunition vendor in any quarterly period in which their total gross receipts from the retail sales of firearms, firearm precursor parts, or ammunition is less than $5,000.

California

PYMNTS

MARCH 26, 2016

A loan company employee has pleaded guilty to stealing identities of several customers and fraudulently seeking $400,000 in tax returns. The government alleges that the two co-conspirators worked together to get away with the tax returns.

Alabama

CPA Practice

APRIL 24, 2023

The IRS considers partnerships and multi-member LLCs “disregarded entities,” which means members/owners report their share of company profits and losses on their personal tax returns. C Corporations A C Corporation is a separate legal entity from its owners and files separate tax returns.

Legal

Dent Moses

APRIL 11, 2023

State of Alabama A business license is required for basically everyone engaged in business within the state. The Alabama Department of Revenue does not administer municipal licenses. The state and county licenses are issued by the county Probate Judge or License Commissioner in the county where the business is located.

Alabama

Cherry Bekaert

OCTOBER 28, 2024

Key measures include: Tax Deadline Extensions : Taxpayers in affected areas have been granted extensions for filing and payment deadlines, now postponed to May 1, 2025. This relief is available in parts or all of Georgia, South Carolina, North Carolina, Alabama, Tennessee and Florida. More details can be found on the IRS website.

South Carolina

CPA Practice

APRIL 14, 2023

have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return, the IRS said on Wednesday. billion in refunds remain unclaimed because people have not filed their 2019 tax returns yet. People face a July 17 deadline to file their returns. million people across the U.S.

Rhode Island

CPA Practice

APRIL 13, 2023

have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return, the IRS said on Wednesday. billion in refunds remain unclaimed because people have not filed their 2019 tax returns yet. People face a July 17 deadline to file their returns. million people across the U.S.

Rhode Island

CPA Practice

NOVEMBER 20, 2024

When taxpayers who don’t possess sufficient records are pushed to the brink, they may pull this tax-saver out of their back pocket. Facts of the new case: The taxpayer operated a Japanese hibachi and sushi restaurant in a leased space in an Alabama shopping mall. The returns were prepared by a professional.

Tax

Dent Moses

APRIL 22, 2024

If you are still writing checks to make tax payments, there is a much better (and safer) alternative. Both the IRS and the State of Alabama have excellent platforms for making payments electronically via bank draft. A process to verify your identity requires access to a previous tax return.

Alabama

ThomsonReuters

APRIL 9, 2021

Employers were reimbursed with a payroll tax credit or a refund if the cost exceeded their tax liability. Credits were claimed through Form 941, the quarterly employment tax return. Alabama and Hawaii do not have a mini-COBRA law, but do require continuing coverage based on very specific circumstances. in February.

Hawaii

CPA Practice

OCTOBER 7, 2024

The tax relief is for all individuals and businesses in the entire states of Alabama, Georgia, North Carolina, and South Carolina, and parts of Florida, Tennessee, and Virginia. Taxpayers in these areas now have until May 1, 2025, to file various federal individual and business tax returns and make tax payments.

North Carolina

CPA Practice

OCTOBER 18, 2023

Of the 45 states (plus the District of Columbia) that have a general sales tax, 10 stand out as being especially tricky for sales tax compliance: Arizona, California, Colorado, Florida, Illinois, Louisiana, Missouri, New York, Tennessee, and Texas. To illustrate the knottiness, here are some examples.

Sales

ThomsonReuters

JULY 7, 2021

For example, Form 941 , Employer’s Quarterly Federal Tax Return, is used by most employers (agricultural employers use Form 943 , small employers use annual Form 944 and Form 945 for annually reporting nonpayroll payments) each quarter to report employment taxes. Payroll tax relief. State and Local News.

payroll