Income Tax

March 17, 2016 

Preparing to file taxes can sometimes be a year-round job, even for small businesses. It may involve different responsibilities, including estimating tax payments, planning to buy or lease capital equipment, developing retirement-saving strategies, etc.

March 16, 2016 

Tax accountants have always been the white knights. Auditors were viewed by clients as necessary, consultants the fascinating innovators, but tax accountants were there to save the day.

Gail Perry

March 15, 2016 

In cases where a tax return was not filed, the tax law provides most taxpayers with a three-year window of opportunity for claiming a refund. However, if no return is fled in time, the money becomes the property of Uncle Sam. For 2012 tax returns, the ...

March 14, 2016 

Can’t file your tax return by the April 18 deadline? Taxpayers can request an automatic six-month extension of time to file the return, but what many don’t know can cost them.

March 14, 2016 

The Internal Revenue Service says that federal income tax refunds totaling $950 million are waiting for an estimated one million taxpayers who did not file a federal income tax return for 2012. To collect the money, these taxpayers must file a ...

March 13, 2016 

Essentially, employers now have until June 29, 2016 to get all their ducks in a row. The new Notice also explains the rules for a new target group.

March 4, 2016 

With public accounting firms facing increased competition for skilled staff, it’s more important than ever that companies take a strategic approach to recruiting and hiring. Above-average compensation packages can go a long way in helping your ...

Paul McDonald

March 1, 2016 

This legislation included the extension of more than 50 tax credit and incentive programs that expired on Dec. 31, 2014 – among them an array of federal tax credits that offer incentives to employers who implement various hiring, training and ...

February 26, 2016 

This penalty is equal to 5 percent of the additional taxes owed amount for every month (or fraction thereof) your return is late, up to a maximum of 25 percent. Previously, the minimum penalty for failing to file a return within 60 days of the due date ..

February 26, 2016 

They may have grown up with an always plugged-in and mobile world, but Millennials are actually more likely to turn to paper than any other age group, a new survey shows.

February 25, 2016 

The emails are designed to trick taxpayers into thinking these are official communications from the IRS or others in the tax industry, including tax software companies. The phishing schemes can ask taxpayers about a wide range of topics.

February 24, 2016 

It's tax season, and that means a lot of confusion when it comes to many aspects of American's tax responsibilities. The National Association of Enrolled Agents has come up with a list of eight frequently-encountered tax myths that could affect your taxes