Category Archives: Tax Headlines

Daily state and federal tax news

Vermont ~ Sales and Use Tax: Voluntary Self-Audit Program Ends May 1

The Vermont Department of Taxes reminds taxpayers that the last day to sign up for “Know What You Owe,” a voluntary self-audit program designed to help business owners understand the sales and use tax, is May 1, 2014. Business owners … Continue reading

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Kansas ~ Property, Motor Fuel Taxes: Various Property and Motor Fuel Changes Enacted

Kansas legislation is enacted that makes various changes to property and motor fuel taxes. Provisions governing corporate and personal income taxes are discussed in a separate story. (TAXDAY, 2014/04/22, S.8) Abatement for Property Damaged by Disaster The property tax abatements … Continue reading

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Arizona ~ Multiple Taxes: Exemptions Provided to Out-of-State Businesses and Employees for Disaster Recovery Work in State

Arizona legislation has been enacted that provides corporate and individual income tax, use tax, property tax, licensing, registration, and certification exemptions for out-of-state businesses and out-of-state employees performing disaster recovery in the state during a disaster period. For purposes of … Continue reading

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IRS Releases Third-Quarter Update to 2013-2014 Priority Guidance Plan

The IRS has issued the third-quarter update to its 2013-2014 Priority Guidance Plan. A joint statement by the IRS Commissioner, Chief Counsel, and Assistant Treasury Secretary (Tax Policy) describes the plan, which contains 324 projects that are priorities for allocation … Continue reading

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Applicable Federal Rates for May 2014 Released (Rev. Rul. 2014-13)

Various prescribed rates for federal income tax purposes for May 2014 have been provided by the IRS. The annual short-term, midterm, and long-term applicable federal interest rates (AFRs) are 0.33 percent, 1.93 percent and 3.27 percent, respectively. The semiannual short-term, … Continue reading

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