Taxes January 20, 2026
U.S. Reps. Chris Pappas (D-N.H.) and Mike Lawler (R-N.Y.) are proposing a temporary 75% federal tax credit for moderate-income families that pay more than 3% of their annual income on energy costs.
January 20, 2026
January 19, 2026
June 3, 2016
pproximately 1.2 million taxpayers may have used hobby losses to reduce their taxable incomes to potentially avoid paying $2.8 billion in taxes in 2005. The overall objective of the latest review was to determine whether the IRS is taking sufficient ...
May 25, 2016
The yearly firm-wide community service event works with nonprofits to set up a variety of day-long philanthropic projects that serve the communities where employees live and work.
May 25, 2016
On its tax returns, the company deducted about $4 million in compensation and $7.3 million paid to the sons in 2003 and 2004, respectively. The IRS audited the business and partially disallowed the deductions for compensation.
May 24, 2016
There is an opportunity for Congress to modernize the agency so that it better protects consumers from harm while minimizing regulatory costs and better enabling robust innovation in the U.S. economy.
May 24, 2016
The traditional distinction between employees and independent contractors is discouraging companies from offering gig economy workers important support, particularly when it comes to taxes. That'd according to Joseph Kennedy, senior fellow at the ...
May 23, 2016
As a result of the Labor Department's new overtime rules, management positions in restaurants will disappear, limiting career advancement and hurting restaurant employees and owners, according to the National Council of Chain Restaurants.
May 22, 2016
Most expatriate U.S. citizens need to file by June 15, 2016. Taxpayers who need to file an FBAR (Foreign Bank and Financial Account Report) must file by June 30. More than 1 million taxpayers filed an FBAR in 2015. Taxpayers with foreign assets, even ...
May 17, 2016
A couple of Texas tycoons who lived life high on the hog have been found guilty of tax fraud. A U.S. bankruptcy court ruled that two brothers and business associates, Sam and the now-deceased Charles Wyly, used complex offshore trusts and shell ...
May 17, 2016
Like a bad penny, the IRS-Tea Party scandal won’t go away. Now some Republican lawmakers are calling for the impeachment of IRS Commissioner John Koskinen over his handling of the affair, accusing ...
May 12, 2016
Thomson Reuters has released a special report, What to Do If Your Client is a Victim of Tax-Related Identity Theft, which provides helpful guidance for tax professionals advising victims of tax-related identity theft.
May 11, 2016
The IRS is reminding these groups not to include Social Security numbers (SSNs) or other unneeded personal information on their Forms 990, and consider taking advantage of the speed and convenience of electronic filing.
May 9, 2016
She reported gross receipts of only $325, while claiming $16,131 in expenses, consisting of $13,000 in rent, $590 of hair products, $909 for a landline phone service, $600 for website maintenance, $552 for cellphone expenses and $480 for supplies.