Tremendous Convenience for Taxpayers Everywhere Looking for Largest Deductions
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.”
About Wolters Kluwer, CCH
Wolters Kluwer, CCH (CCHGroup.com) is a leading global provider of tax, accounting and audit information, software and services. It has served tax, accounting and business professionals since 1913. Among its market-leading solutions are The ProSystem fx® Suite, CCH Axcess™, CCH® IntelliConnect®, CCH® IntelliConnect Direct, Accounting Research Manager® and the U.S. Master Tax Guide®. Wolters Kluwer, CCH is based in Riverwoods, IL. Follow us on Twitter @CCHMediaHelp.
Wolters Kluwer, CCH is part of Wolters Kluwer ( www.wolterskluwer.com), a market-leading global information services company. Wolters Kluwer had 2013 annual revenues of €3.6 billion ($4.7 billion), employs approximately 19,000 people worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. The company is headquartered in Alphen aan den Rijn, the Netherlands. Wolters Kluwer shares are listed on NYSE Euronext Amsterdam (WKL), on Bloomberg (WKL NA) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).