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.
July 7, 2015
ADP and Wolters Kluwer CT Partner to Streamline Wage Garnishment Processes for Employers
Handling wage garnishment orders can be challenging for companies to do on their own, as requirements vary by state, jurisdiction and the particular court ordering the garnishment. Differences in maximum withholding limits, calculations, lien ...
July 6, 2015
What’s the Difference Between Your Personal Credit Score and Your Business Credit Score?
Personal credit scores range from 300 to 850 with a score of 680 or higher considered excellent, though each reporting agency uses its own proprietary algorithm to calculate a personal credit score so your score may vary somewhat with each of these ...
July 1, 2015
IRS to Go Where No Agency Has Gone Before
According to a new report by the Electronic Tax Administration Advisory Committee (ETAAC), the IRS has made significant strides on the electronic frontier, but the mission is far from complete.
June 30, 2015
IRS Ramps Up National Tax Forums
The 2015 IRS Nationwide Tax Forums offers seminars over three days featuring up-to-date information from the IRS and professional experts in the areas of tax law, compliance and ethics. It also provides continuing education credits to ...
June 27, 2015
AICPA Warns of Financial Scams Against Elderly
A contributing factor to the emotional impact of financial fraud or abuse is how often this situation involves family members. The most common types of elder financial abuse or fraud seen by CPA financial planners over the past five years were ...
June 23, 2015
10 Tax Breaks Could Be Made Permanent: Sec. 179, Bonus Depreciation, Tuition and More
There is a plan to push a package of these tax extenders earlier than usual this year and to make them permanent, once and for all. This will enable taxpayers, including both individuals and businesses, to plan accordingly.
June 23, 2015
Summer Jobs and Taxes: What Teens and Parents Need to Know
School’s out for summer! While it’s a time for rest and recreation, many of your clients have teenaged children who will be working during the summer months. It teaches them about responsibility, work ethic and, not surprisingly, taxes.
June 22, 2015
NSA Starts Petition for Tax Practitioners Bill of Rights
In response to the ongoing frustration of dealing with slow service from the Internal Revenue Service (IRS), the Tax Practitioner Bill of Rights calls for the right to have tax laws and rules passed in a timely manner, the right to quality service ...
June 22, 2015
IRS Proposes Tax-Favored Accounts for Young People with Disabilities
The Internal Revenue Service has released proposed regulations implementing a new federal law authorizing states to offer specially-designed tax-favored ABLE accounts to people with disabilities who became disabled before age 26.
June 18, 2015
Accounting Firm Raises $150K for Special Operations Warrior Foundation and Safe At Home Foundation
Over the past nine years, CohnReznick’s outing has raised a combined total of more than $1.45 million for these two organizations through the firm's charitable outreach arms, the CohnReznick Foundation and the CohnReznick CARES initiative.
June 17, 2015
This Free W-4 Tool Can Fix Tax Withholding Problems
The IRS is making easier for taxpayers to calculate the optimal amount. On its website at www.irs.gov, you can find a withholding calculator that does all the grunt work for you. All you have to do is go through several simple steps and enter the ...
June 17, 2015
Tax Tips for Converting a Home into a Rental Property
Taxpayers are all smiles when they are able to sell their principal residence at a sizeable gain and avoid any tax liability. Under the home sale exclusion, they can generally exclude up to $250,000 of gain from tax or $500,000 if they are married and ...