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Sales tax and nonprofits

TaxConnex

Nonprofits are often thought to be exempt from sales taxes, but is that correct? most devoted to religion, human services and education). Other stats say more than 2 million charities exist that are tax-exempt according to Internal Revenue Service rules. But as always with sales tax, rules vary state to state.

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IRS Direct File is Now Officially Open for Use in 12 States

CPA Practice

The 12 states participating in the Direct File pilot program this filing season are: Arizona California Florida Massachusetts Nevada New Hampshire New York South Dakota Tennessee Texas Washington Wyoming Users can log in to Direct File to start their return and complete it any time before the April filing deadline. This includes 5.2

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IRS Direct File Launches for Low-Income Taxpayers in 12 States

CPA Practice

It’s back to regular IRS deadlines this year, but with a new tool for many low- and moderate-income households: a service that will prepare and file their tax returns online for free. Can you fill out your state tax return through Direct File?

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Four years since Wayfair: A trend takes hold

TaxConnex

Widespread quarantines and lockdowns and the resulting remote work and education also spiked demand for video and chat software, often delivered as a software as a service that many jurisdictions subjected to sales tax. Mushrooming sales meant that more online businesses were likely to incur sales tax obligations.

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Sales tax vs. use tax: the differences

ThomsonReuters

In the United States, sales tax is not a federal tax, but rather a state and local tax. Sales tax revenue is used to fund various government programs and services such as education, transportation, and healthcare. Retail sales taxes are important sources of revenue within the United States.

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Last Week in Payroll: Backup Withholding

ThomsonReuters

The IRS requires the payer of certain income payments to be reported on information returns (e.g., Generally, the payer does not withhold taxes from these types of payments, as it is assumed that the payee will report and pay taxes on this income when the federal income tax return is filed. Federal News.

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