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TurboTax Glitch Led To $216 Million Tax Bill For Thrift Store Worker (Forbes) - Nobody likes getting a tax bill in the mail. Itâs especially concerning when your tax bill is a bit higher than you anticipated. But what happens when itâs hundreds of millions of dollars more than you were expecting? ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES Why Economic Nexus isnât Just for Sales Tax (Accounting Web) - Until the June 2018 Supreme Court ruling, states were limited to taxing sales by businesses with a physical presence in the state...It can be more complicated to determine income tax nexus, particularly when businesses deal in intangibles that are difficult to source. To Text (or Not To Text) Your Clients (CPA Practice Advisor) - In the business communication classes that I teach, Iâm often asked how we accountants should respond when clients want to communicate with us via text messaging. Sometimes this question falls directly down generational lines, Accounting for the Hours: Navigating the Complexities of Overtime (Accounting Today) - The government takes a tough stance on issues of wages, and thus, failing to comply with these laws can result in an expensive lesson. But the laws and regulations in this particular area are voluminous and nuanced... U.S. Housing Starts Race to 12-year High in August (Reuters) - U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction increased, suggesting that lower mortgage rates were finally providing a boost to the struggling housing market. Taxation |  TOP 5 MOST READ
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