RIVERWOODS, Ill.--(BUSINESS WIRE)--Wolters Kluwer Tax & Accounting US today announced that for the 11th straight 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, 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 Tax & Accounting US workflow tools, including CCH® 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 CCH® IntelliConnect® tax and accounting research platform.
This same updated research for state and local jurisdictions also supports the IRS’s online Sales Tax Deduction Calculator — available to taxpayers for filing 2015 income tax returns. In addition, Wolters Kluwer is also providing the IRS with data related to the taxability rules for more than 500 Bureau of Labor Statistics spending categories.
“It’s an honor to see our longstanding partnership with the IRS enter its second decade,” said Renee Davis-Malott, Vice President, Sales – Global and National Accounts for Wolters Kluwer Tax & Accounting US. “This recognition speaks volumes about our dedication to producing innovative sales tax information solutions for our customers. It’s a privilege to be chosen by the IRS again to provide superior sales tax research for the benefit of everyone filing tax returns.”
About Wolters Kluwer Tax & Accounting US
Wolters Kluwer Tax & Accounting US (CCHGroup.com) is a leading 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 CCH® ProSystem fx® Suite, CCH Axcess™, CCH® IntelliConnect®, CCH® IntelliConnect Direct, CCH® Accounting Research Manager® and the U.S. Master Tax Guide®. Wolters Kluwer Tax & Accounting US is based in Riverwoods, IL. Follow us on Twitter @WKTAAUS_PR.
Wolters Kluwer Tax & Accounting US is part of Wolters Kluwer (www.wolterskluwer.com), a market-leading global information services company. Wolters Kluwer had 2014 annual revenues of €3.7 billion ($4.2 billion), employs approximately 19,000 people worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its 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).