Income Tax

November 26, 2014 

Feeling generous this Holiday Season? The Internal Revenue Service is reminding individuals and businesses making year-end gifts to charity that several important tax law provisions have taken effect in recent years. Some of the changes taxpayers should k

Isaac M. O'Bannon

November 25, 2014 

Two years ago, in the wake of the election ballots legalizing recreational use of marijuana, I wrote a small blog post noting that as a new and rapidly-growing industry, there might be an opportunity for a new accounting practice area.

Dave McClure

November 25, 2014 

Tax refund fraud associated with prisoner Social Security Numbers remains a significant problem for tax administration, according to a report by the Treasury Inspector General for Tax Administration (TIGTA).

November 20, 2014 

There’s been much ado about the 55 tax extenders currently being debated by a lame-duck Congress. These tax law provisions, which are generally favorable to taxpayers, technically expired after 2013, but may be revived retroactive to ...

Ken Berry, JD

November 19, 2014 

Legislative proposals to curtail or eliminate the tax benefits of like-kind exchanges are in the works. With a lame-duck Congress finishing out this year and a brand-new class of lawmakers entering 2015, no one can be sure if this tax break will ...

Ken Berry, JD

November 19, 2014 

As if Black Friday shopping and the hustle and bustle of the holiday season weren’t taxing enough, it’s also time to think about tax reporting. This time of year, it can be difficult to keep track of our schedules and to-do lists, let alone the ever-chang

November 18, 2014 

Congress should pass legislation that would give victims of natural disasters access to permanent and timely tax relief, according to Troy K. Lewis, CPA, CGMA, the current chair of the Tax Executive Committee of the American Institute of CPAs.

November 18, 2014 

Financial reporting fraud can prove costly for investors and other capital market stakeholders. A new report from the Anti-Fraud Collaboration takes a fresh look at best practices for fraud deterrence and detection, highlighting the critical importance of

November 18, 2014 

New legislation has brought greater certainty to year-end planning but also created new challenges.

November 17, 2014 

The end of the year gives you and your business a great chance to maximize tax savings for 2014 and beyond.

November 16, 2014 

The Thomson Reuters Corporate Tax Department Pulse Survey polled 212 corporate tax department executives, half of which have $1 billion or more in revenue. The subjects of the study included U.S. corporate tax reform, tax inversions, recent tax credit ...

November 13, 2014 

The scheme involved the submission of fraudulent tax returns in the names of actual taxpayers, which resulted in the Internal Revenue Service issuing tax refunds, most of which were deposited directly into bank accounts.