IRS audits of higher income taxpayers increase The IRS audited one in eight individuals with incomes over $1
million in fiscal year (FY) 2011. While the overall audit coverage
rate for individuals remained steady at just over one percent, the
a...
Tax gap grows to $450 billion; compliance rate holds steady The "gross tax gap," or the amount of tax owed to the U.S.
government that is not paid on time, climbed from $345 billion in
Tax Year (TY) 2001 to $450 billion in TY 2006, the IRS has
reported. (Be...
CA - Independent contractor withholding webinar announced The California Franchise Tax Board (FTB) is holding a free webinar
on December 20, 2011, at 10 a.m. PST, for those who must withhold
personal income tax on California source income...
ID - Forestland tax redesignations may be made in 2012 Since the current 10-year Idaho forestland (property) tax
designation period will expire at the end of 2012, during the
coming year a forest landowner may change from the productiv...
OR - No good cause for representative’s failure to appear Regarding a taxpayer’s Oregon personal income tax appeal,
good cause did not exist for the failure by her representative to
either attend a case management conference or expl...
WA - Taxability of insurers explained The Washington Department of Revenue has updated an industry guide
on the application of sales and use tax to the insurance industry.
Insurers and affiliates are responsible for pa...
Based in Tacoma, Washington Johnson, Stone & Pagano, P.S. has been serving audit, tax and consulting clients since 1982. JSP has built a reputation as a strong, quiet company. One of the larger accounting firms in Tacoma, JSP is devoted to achieving the best financial result for you or your organization. With a long history of integrity and hard work, Johnson, Stone & Pagano has been known, respected and trusted for over two and a half decades. Celebrating 30 years of service to the Puget Sound area with a diverse staff of professionals having expertise in accounting, audit and tax compliance.
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