Tax News

A wealth of information from TaxOps

We want to share our knowledge and tools to help you achieve greater business success. For the latest tax developments and insights into leading practices, we invite you to:

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.

IRS issues new voluntary disclosure practices that may raise penalties

New voluntary disclosure practices clarify the IRS's practices going forward to bring taxpayers back into the fold.

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Big news: CDOR extends grace period for Wayfair rules to May 31, 2019

The Colorado Department of Revenue's announcement that it would extend the grace period for complying with newly initiated Wayfair rules until May 31 of next year will give lawmakers more time to move forward on efforts to simplify the system for sales tax collections.

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Does your state have a throwback rule?

Throwback rules are not widely understood, but they have a notable impact on business location and investment decisions. Check out the map.

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Corporate tax rates decline around the world

Most countries have corporate tax rates below 30 percent, according to analysis by Daniel Bunn at the Tax Foundation.

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[Infographic] Sales tax: Do you owe?

See how you are faring on sales tax.

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When it comes to taxes, why can't we be more like Sweden?

Despite having the 5th highest tax burden, Sweden has the 7th most competitive tax system among OECD countries. What gives?

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Ohio leads the cryto-tax payment charge

Ohio is becoming the first state in the U.S. to accept state tax payments through cryptocurrency, reports Michael Cohn for TaxProToday. With this move, testing by the first major government entity begins.

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IRS proposed limits on new business interest expense

The IRS proposed regulations implementing a provision of the Tax Cuts and Jobs Act, which limits the business interest expense deduction for certain taxpayers. Are you one of them?

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