Taxes February 12, 2026
Senate Votes to Overturn D.C. Tax Decoupling, as Locals Push Back
The Senate passed a joint resolution on Thursday blocking changes to the District of Columbia’s tax code, which will now head to President Donald Trump’s desk.
October 22, 2015
A Small Business Prescription for Health Insurance Premium Tax Credits
Employers are facing increased obligations in 2015 relating to the health insurance coverage provided to employees, but at least some small business owners might benefit from a special tax break.
October 22, 2015
How to Get the Most from Higher Education Tax Credits and Deductions
If a client is still eligible for tax break for higher education expenses, accelerating expenses from 2016 into 2015 may increase the size of the tax benefit. But before we explore that year-end opportunity, here is a quick primer on the three main ...
October 22, 2015
Save More Money By Checking Your Tax Withholding
In addition to payroll wages, income tax is often withheld from other types of income, such as pensions, bonuses, commissions and gambling winnings. Ideally, taxpayers should try to match their withholding with their actual tax liability. If not ...
October 22, 2015
IRS Working with States and Tax Companies to Prevent ID Theft
As part of the Security Summit process, members from the IRS, states and industry are co-chairing and serving on several teams. The teams have focused on a number of areas including improved validation of the authenticity of taxpayers and information ...
October 22, 2015
Tax Year 2015: Top 10 Tax Planning Issues
As 2015 draws to a close, a turbulent economic and legislative environment means taxpayers need to keep a close eye on several major planning issues, according to Grant Thornton LLP.
October 21, 2015
IRS Announces 2016 Income Tax Brackets and Tax Rates
For tax year 2016, the Internal Revenue Service has announced annual inflation adjustments for more than 50 tax provisions, including the tax rate schedules, and other tax changes. Revenue Procedure 2015-53 provides details about these annual adjustments.
October 20, 2015
Sageworks Launches New Tax Return Reader Feature for ProfitCents and Valuation Solution
The technology works by “reading” an electronic tax return produced by common tax packages, allowing the user to create financial statements that can be analyzed within ProfitCents and Sageworks Valuation Solution. All fields can be auto mapped, and ...
October 19, 2015
AARP Gives Consumers Tools to Test Cyber Security
A cyber security survey conducted by the FWN indicates a high incidence of risky online behaviors with bank and credit card accounts, smartphones and public Wi-Fi use.
October 19, 2015
Weed at Work? 1/5 of SMB Owners Say They’re OK with Medical Pot
A fifth of small-business owners say they would allow an employee with a medical marijuana prescription to use the drug while at work, according to a survey released Wednesday by Employers Insurance.
October 17, 2015
Tax Tips: 16 Ways to Beat the IRS in 2016 – Year-End Tax Planning Series
The best tax advice you can get is to speak with a CPA or Enrolled Agent. These tax experts can help develop a tax strategy designed around your specific needs and situation, and they are the only professionals who can represent you before the IRS.
October 17, 2015
How to Secure Extra Tax Exemptions at Year-End
As with itemized deductions, the tax benefit of personal exemptions, including exemptions for dependents, is subject to a special phase-out rule. However, unlike deductible expenses that might be moved from one tax year to another, the approach for ...
October 17, 2015
IRS Offshore Voluntary Disclosure Program Results in $8 Billion in Collections
With more than 54,000 taxpayers coming in to participate in offshore disclosure programs since 2009, the Internal Revenue Service today reminded U.S. taxpayers with undisclosed offshore accounts that they should strongly consider existing paths ...