Tax Planning

 W-2G Software : Reporting Gambling Winnings

February 26, 2019 

W-2G Software : Reporting Gambling Winnings

Winnings from any type of gambling is considered to be taxable income, and must be reported to the IRS using Form W-2G.  While that may seem like a straightforward aspect of the tax code, the reporting and withholding rules all depend on the type of gambling involved and the amounts that are won.  Those entities...…

BloombergTax 5a6f2efbf2d62

February 17, 2010 

Income Tax Planner™

Income Tax Planner offers the most comprehensive planning features available and helps you efficiently model complex tax scenarios, eliminate surprises, and provide income tax planning and projections that help clients manage and reduce their federal and state individual income tax liability. Multiple scenarios for up to 20 years help you compare side-by-side ‘what ifs’ to determine best...…

WK Logo 2016 582a0d81eaaa5

February 17, 2010 

CCH® ProSystem fx® Tax

The fast-changing legislative environment makes it increasingly difficult for staff to stay up to date on the latest tax and accounting rulings, regulations and guidance. End-to-end digital automation makes the compliance process quick and easy ...

 IRS Proposes Registration, Testing, CPE for All Paid Tax Preparers

January 10, 2010 

IRS Proposes Registration, Testing, CPE for All Paid Tax Preparers

With tax and accounting professionals heading into the beginning of the TY 2009 income tax filing season, the IRS has announced significant new changes that it plans to implement starting in Jan. 2011, along with enhanced enforcement measures that will start this season. The changes are geared toward providing regulation of the thousands of unlicensed…

 2009 Review of Professional Tax Compliance Systems

April 15, 2009 

2009 Review of Professional Tax Compliance Systems

It seems like tax law changes are coming almost every week, and while this makes the professional’s job a little more challenging, it also helps ensure the need for experienced preparation services. Here is this year’s review of professional tax preparation systems.