Forms 1099 filed on paper should decrease in 2023 thanks to the Information Returns Intake System. The Information Returns Intake System (IRIS), a new…
In the U.S., there is no value-added tax (VAT) on the federal or state level. However, most states have a “sales and use” tax system that creates an…
NEXUS Nexus, a connection between a business and the state, must exist for a state to impose income tax. States establish the rules to use when…
When a corporation liquidates, the value of the assets it holds as of the date of liquidation is included in its taxable income for that year. U.S…
