The Council On State Taxation (COST) is the premier state tax organization representing taxpayers. COST is a nonprofit trade association consisting of nearly 600 multistate corporations engaged in interstate and international… read more
Section 461 of the Internal Revenue Code governs the timing of when taxpayers are permitted to claim a tax deduction for various liabilities. Under the rules detailed in the regulations, a liability is generally deducted… read more
The Chicago Tax Club, organized in 1933, is a nonprofit association consisting of individual tax professionals employed by corporations and other businesses. The principal function of the organization is providing educational… read more
Beginning with 2012, the aggregate cost of employer-sponsored health coverage must be reported on Form W-2 issued to an employee (on the Forms W-2 issued in January 2013). The aggregate reportable cost is reported on Form… read more
WTAS Managing Director, Monica Tillett, will speak as a guest lecturer at Georgetown University Law School on April 3, 2012. The discussion will include an overview of state and local tax issues of mergers and acquisitions,… read more
With travel, investments, business arrangements and transactions that are so varied and significant -- even with access to top advisors -- it is easy to overlook or be unaware of the myriad of taxes and tax collectors that… read more
In a set of proposed regulations and rulings, the Treasury Department and the Internal Revenue Service (IRS) have reduced the regulatory burdens for retirement plans and made it easier for retirees to choose retirement benefits… read more
Starting in 2011, California provided a potentially major tax break for businesses with multistate operations; the new law allows multistate businesses to make a single sales factor election. This election assigns income… read more
Accounting Today’s annual publication of the Top 100 Tax and Accounting Firms lists WTAS as one of the Top 20 Tax Firms in 2012. View the Top Tax Firms Read More in the full Accounting Today article read more
Changes to global accounting standards could generate work for appraisers — but do they know what to do? Make no mistake, changes to global accounting standards are on the way, even if various interest groups continue… read more