Commencing January 1, 2008, any person who makes a payment for services to an individual in Colorado that is reportable on a Form 1099 will be required to deduct and withhold Colorado income taxes at the rate of 4.63 percent if the individual (i) fails to provide a validated taxpayer identification number (“TIN”), or (ii) provides an Internal Revenue Service… Read more →
U.S. Government Accountability Office responds to questions posed by Senator Norm Coleman, Chariman of Permanent Subcommittee on Investigations, Committee of Homeland Security and Governmental Affairs, concerning tax compliance by federal government contractors. View full text here.
U.S. Government Accountability Office provides recommendatoins for addressing the tax gap associated with civilian government contractors, Financial Management, Thousands of Civilian Agency Contractors Abuse the Federal Tax System with Little Consequence, GAO-05-637 .
California Franchise Tax Board publishes January 1, 2005, study rejecting proposal to impose withholding of California income taxes on payments made to independent contractors. Download full text here.
U.S. General Accounting Office provides recommendations for addressing the tax gap associated with defense government contractors, Financial Management, Some DOD Contractors Abuse the Federal Tax System with Little Consequence, GAO-04-95 .