Tax News

A wealth of information from TaxOps

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Disclaimer: Before relying on information provided on this site, contact a tax professional to discuss the implications to your particular tax situation as it is not possible to provide comprehensive tax advice over the internet.

Trump administration employer-friendly shift puts spotlight on IRS tax relief program

The IRS Voluntary Classification Settlement Program offers tax relief to employers that have misclassified an employee as an independent contractor.

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Prepare now for proposed partnership audit regime

New proposed rules would significantly change the audit regime for partnerships and LLCs. Here’s what you can expect if finalized beginning in 2018.

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Know when nexus is triggered before you receive a tax notice

Sales and use tax obligations may go undetected without frequent nexus reviews.

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5 reasons separating audit from tax services drives better tax outcomes

Regulators tend to frown on accounting firms doing taxes for companies they audit, according to a 2016 study published in The Accounting Review. When are businesses best served by separating audit and tax?

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DOL’s overtime rule lands in limbo — for now

Uncertainty over the DOL overtime rule may cause planning problems for employers. Learn why.

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​State and Local Sales Tax Rates, Midyear 2017

The Tax Foundation midyear report on sales taxes provides a population-weighted average of local sales taxes, giving a sense of the average local rate in your state. Take a look.

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Why Colorado sales tax is so messed up

Colorado has the distinction of having the most complicated sales and use tax regime in the nation. The Colorado Department of Revenue helps build the case for sales tax reform with facts and figures that demonstrate a mind-numbing level of sales tax dysfunction.

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No easy answers to sales tax reform in Colorado

A 3-year effort to reform Colorado’s sales tax system - a quagmire of confusion and conflict - is underway at the State Capitol. The task force in its second meeting this summer looked to other states for possible solutions.

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