tax audits

Could Cloud Computing Cause More Stress Come Tax Time? Money doesn’t grow on trees. Nothing under the sun is free. Aphorisms like these saw concepts such as cloud computing escape from the reality of high cost and taxation — until now. The cloud community is up in arms at what’s recently taken place in Vermont, where an extremely suspicious and cryptic financial technicality has resulted in a wave of tax audits that could set precedents for cloud computing endeavors in other states. The Department of Taxes in the State of Vermont released a bulletin in 2010 claiming that “prewritten software

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