Taxpayers Searching for Largest Deductions Now Have Access to More Information
(NEW YORK, NY, August 15, 2016) – Wolters Kluwer Tax and Accounting in the US is proud to announce it has been selected by the Internal Revenue Service (IRS) to deliver comprehensive sales tax rate and taxability tables to help millions of taxpayers file returns for the next five years. This is the 12th consecutive year Wolters Kluwer Tax and Accounting has been chosen by the IRS to help millions across the country prepare their tax returns, and the first time it has been awarded a five-year contract.
With access to updated information from thousands of tax jurisdictions provided by Wolters Kluwer Tax and Accounting, tax filers can easily determine if they’ll save more by deducting state and local sales tax or by taking standard or itemized tax deductions. The figures in the tables provided by Wolters Kluwer show the average of consumer expenditures. This information is available for every ZIP Code in the country – saving people the time of collecting and organizing sales receipts. Sales tax rates and taxability information is collected from over 10,000 US jurisdictions and reviewed by Wolters Kluwer’s experienced research staff. This content is used to power award-winning products such as CCH® SureTax®, CCH® Sales Tax Office and CCH® IntelliConnect.®
Additionally, this data supports the IRS’s online Sales Tax Deduction Calculator – available to taxpayers for filing 2016 income tax returns. Wolters Kluwer Tax and Accounting is providing the IRS with data across all US ZIP Codes as well as the taxability rules for more than 500 Bureau of Labor Statistics spending categories, giving tax filers a wide range of useful information at their fingertips.
“It’s a privilege to be chosen by the IRS once again to provide them with innovative corporate tax information solutions, and to provide millions of taxpayers valuable sales tax research to aide in the tax filing process,” said Renee Davis-Malott, Vice President of Sales for Global and National Accounts at Wolters Kluwer Tax and Accounting in the US. “We are proud of the work we do at Wolters Kluwer and take our responsibility to the IRS, tax professionals and taxpayers very seriously.”
About Wolters Kluwer Tax and Accounting
Wolters Kluwer Tax and Accounting is a leading provider of software solutions and local expertise that helps tax, accounting, and audit professionals research and navigate complex regulations, comply with legislation, manage their businesses and advise clients with speed, accuracy and efficiency.
Wolters Kluwer Tax and Accounting is part of Wolters Kluwer N.V. (AEX: WKL), a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.
Wolters Kluwer reported 2015 annual revenues of €4.2 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.
Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) 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).