TMCnet News
United States : Wolters Kluwer, CCH Tax Data Chosen by IRS for 10th Consecutive Year to Help Millions File Returns [TendersInfo (India)](TendersInfo (India) Via Acquire Media NewsEdge) Wolters Kluwer, CCH today announced that for the 10th consecutive year, it has been selected by the Internal Revenue Service (IRS) to deliver comprehensive sales tax rate and taxability tables to efficiently help millions across the country prepare their tax returns. With access to updated information from thousands of tax jurisdictions provided by Wolters Kluwer, CCH, tax filers may conveniently determine whether they ll save more by deducting state and local sales taxes they ve accrued during the year instead of taking standard or itemized tax deductions. The figures in the tables represent an average of consumer expenditures, according to family size and income, for every ZIP Code in the country saving people time from collecting and organizing sales receipts all year long. Information is generated from several Wolters Kluwer, CCH workflow tools, including Sales Tax Office, the comprehensive tax calculation system combining leading tax rate and taxability content with jurisdiction boundary information and sophisticated logic. Additional information also comes from the powerful IntelliConnect tax and accounting research platform. Wolters Kluwer, CCH tax data for state and local jurisdictions also supports the IRS s online Sales Tax Deduction Calculator available to taxpayers for filing 2014 income tax returns. In addition, the company is also providing the IRS with data related to the taxability rules for more than 500 Bureau of Labor Statistics spending categories. The opportunity to continue our decade-long partnership with the IRS in providing superior sales tax research for the benefit of everyone filing tax returns is truly an honor, said Renee Davis-Malott, Vice President, Sales Global and National Accounts for Wolters Kluwer, CCH. This recognition speaks volumes about our dedication to producing innovative corporate tax information solutions for our customers. It s a privilege to be chosen by the IRS again to support all taxpayers and professionals nationwide in making informed decisions. (c) 2014 Euclid Infotech Pvt. Ltd. Provided by SyndiGate Media Inc. (Syndigate.info). |