States use a myriad of criteria to determine whether a trust should be taxed as a resident trust for income tax purposes, and these criteria vary significantly from state to state, according to the results of Bloomberg Tax & Accounting’s 2019 edition of its annual Trust Nexus Survey.

To help employers navigate this busy time of year, employment tax and benefit professionals at KPMG LLP and Bloomberg Tax & Accounting have teamed up to provide resources for year-end payroll developments and duties.

The 2019 Payroll Year-End Checklist was designed for payroll professionals by the payroll experts at Bloomberg Tax & Accounting and by KPMG LLP’s (KPMG) Employment Tax professionals.

Bruce Ely, partner at Bradley Arant Boult Cummings LLP, and Steven Wlodychak, principal with Ernst & Young LLP’s Indirect (State and Local) Tax Practice, share some of their key findings from their years of experience working on pass-through entity tax matters at the state level.

This report provides insights on how 158 peer organizations are running their payroll departments. It includes responses to questions in key areas of the payroll function.

Transfer Pricing Forum (Summer 2019) Taxation and Digitalization of the Economy The phrase, ‘‘the world is a global village’’ was initially coined in the 1960s to reflect the growing interconnectivity of the world due to the proliferation of media technologies; and is more relevant now than ever before with digitalization transforming every aspect of our […]

Bloomberg Tax & Accounting discusses the current limited federal securities law disclosure requirements relating to ESG matters, the prospects for the SEC to mandate comprehensive ESG disclosures, and the recent legislative activities on these disclosures.

While space may be the final frontier for human exploration, back here on Earth, digital space may be the final frontier for human taxation. Allocating taxing rights to address commerce that lacks a physical market presence has confounded and inspired tax professionals, politicians, and policy makers of the current generation.

This report provides a general overview of the U.S. federal income tax consequences and reporting requirements relating to transactions involving cryptocurrencies.

Get your copy of Bloomberg Tax & Accounting’s 2020 Projected U.S. Tax Rates special report, released ahead of the IRS’s official figures. The report gives tax practitioners and financial professionals an early start on 2020 tax year planning to more effectively develop money-saving strategies for their clients.