Taxes

Avalara says it currently has around 4,800 workers globally, about 10% of whom are based in downtown Durham, NC.

The Internal Revenue Service has issued Notice 2024-30 that expands certain rules for determining what an energy community is for the production and investment tax credits.

The solution will support multinational companies headquartered in North America to collect, align, calculate and report integrated financial and tax data in accordance with  Organisation for Economic Co-operation and Development (OECD) Pillar Two  tax requirements.

Filing property tax returns is the first hurdle your company must overcome if you do business in any of the 37 states that tax tangible personal property.

The U.S. Tax Court determined that the exception to net earnings from self-employment in Section 1402(a)(13) of the Internal Revenue Code of 1986, as amended, does not automatically apply to all limited partners in a state law limited partnership.

While the exact number was not available, the Treasury Department says Texas has the most filers on a per capita basis.

Ndeye Amy Thioub, 67, also taught college-level classes on accounting standards and ethics at Salem State University.

The Internal Revenue Service is urging businesses to review seven suspicious signs of a bad claim and see if the agency’s special programs can help them avoid future compliance issues.