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Tony Susak
Tony Susak,
User Rank: Blogger
12/28/2017 | 11:47:17 AM
New Tax Legislation
While new legislation is being created to address these scenarios, it's very difficult for most organizations to stay up-to-date with every taxing jurisdiction in which they file (more than 14,000 in the US alone) without outside assistance. In the event of an audit, the first critical step is to show why your company made the decision to tax accordingly and that you consistently applied that decision. 
User Rank: Light Sabre
12/26/2017 | 4:57:14 PM
A Moving Target
While you are right that these businesses have to take taxes into account, the reality is that the taxes could shift unexpectedly -- the recently signed tax legislation moved at lightning speed for U.S. law; yet there are still techical issues that will likely be addressed in future rules (or in court cases). So businesses need to have contingencies if their interpretation of taxes owed is different from the IRS thinking.

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