Report Says Enforcing Payment Card Reporting Could Narrow Tax Gap

November 30, 2015 

Report Says Enforcing Payment Card Reporting Could Narrow Tax Gap

The IRS received 2,933 Forms 1099-K with gross transactions totaling $543.9 million for which the payee TIN was that of a deceased individual. TIGTA identified that the TIN Matching Program, used by payers to verify a payee TIN, does not alert the ...

 Home Sales Increase Slightly in October

November 30, 2015 

Home Sales Increase Slightly in October

Pending home sales were mostly unchanged in October, but shifted marginally higher after two straight months of declines, according to the National Association of Realtors®. Gains in the Northeast and West were offset by declines in the Midwest and South.    The Pending Home Sales Index inched 0.2 percent to 107.7 in October from an...…

Tax ID Theft 1  54d6d07eafd9c

November 29, 2015 

Stopping Taxpayer ID Theft: The IRS Means Business

The three main partners in the program – the IRS, the states and other tax industry sources –will also be releasing additional YouTube videos highlighting these tips as the tax filing season approaches. The first video in the series is now available ...

rubio marco 1  565b5404cdb34

November 29, 2015 

Rubio Offers Unique Tax Reform Plan

Rubio’s proposed tax plan includes a dramatic change in the way capital gains are treated. With this little-noticed proposal, holders of capital assets – including securities, real estate and small business interests – would calculate their potential ...

ey tax guide 2016 cover 1  5654a8d0a3674

November 24, 2015 

2016 EY Income Tax Guide Now Available

With new chapters of information on tax preparation, the EY Tax Guide 2016 is now available online and in bookstores nationwide to guide taxpayers through the tax filing season. New to the 31st edition are important updates on tax law changes ...

AICPA-logo1

November 23, 2015 

AICPA Recognizes Top Accounting Educators

The Effective Learning Strategies Awards are given each year to educators who demonstrate innovative teaching practices and curricula in one of three educational levels: introductory, upper level, and graduate.