Taxes December 19, 2025
2025-2026 Tax Season Guide to OBBBA Tax Law Changes – SPECIAL SERIES
This series of articles spotlights key tax issues and changes made to tax law in 2025 and the years to come as a result of the OBBBA.
November 13, 2014
IRS Allowed Up to $167 Million in Questionable Fuel Tax Credits
The Internal Revenue Service (IRS) may have allowed approximately $167.7 million in questionable fuel tax credit claims between 2011 and 2013, according to a new study released publicly today by the Treasury Inspector General for Tax Administration (TIGTA
November 12, 2014
IRS Clarifies IRA Rollover Limit
The Internal Revenue Service has issued new guidance to clarify the impact a 2014 individual retirement arrangement (IRA) rollover has on the one-per-year limit imposed by the Internal Revenue Code on tax-free rollovers between IRAs.
November 12, 2014
Legal Marijuana, Taxes and Accounting
It seems too early to make any sweeping financial generalizations based on such a short history. Nor am I interested in gauging the social impacts of marijuana legalization, which is both emotionally charged and unlikely to be resolved soon.
November 10, 2014
The Top 3 Post-Election Issues for Small Businesses
In the wake of the election, small business owners are keeping an especially close eye on the regulatory issues that are likely to gain steam in the weeks and months ahead.
November 7, 2014
Sales Tax Is About to Take Center Stage
Once the elections are over, we expect Congress will finally get busy focusing on sales tax legislation. But that's only part of the excitement here at the magazine. It's that time of year when accountants have a bit of time to spare before they ...
November 6, 2014
Fraud Risk Increases with Temporary Workers, Seasonal Staff
With seasonal hiring in the U.S. expected to be at its highest level in years, fraud experts warn that companies that loosen their usual processes in order to add staff quickly put themselves at increased risk to fraud.
November 5, 2014
What the 2014 Elections Mean for Business Tax Legislation
Now that the dust has settled from the mid-term elections – with the Republican party firmly in control of both houses of Congress – what are the prospects for comprehensive tax reform? Not as favorable as you might think. Although the GOP hopes to break
November 5, 2014
How to Make Sure Your 1099 Misc Forms are Correct
The most frequent use of 1099-MISC is for reporting payments for services to independent contractors, and it is possible to receive more than one 1099-MISC if a recipient performed work for several business entities.
November 5, 2014
2014 Review of Thomson Reuters Source Document Processing
The Source Document Processing (SDP) application takes a different approach to tax document automation in that it is a proprietary solution designed to work exclusively with the FileCabinet CS and the UltraTax CS applications. It is also unique in that it
November 5, 2014
2014 Review of SurePrep 1040SCAN
The value of 1040SCAN increases with the size of your organization and the complexity of your returns. The modular approach to their products facilitates using this in small practices as well. If you are serious about automating your tax preparation ...
November 5, 2014
2014 Review of CCH ProSystem fx Scan
ProSystem fx Scan works best when it is used in conjunction with ProSystem fx Tax and the other paperless applications from Wolters Kluwer CCH. However, ProSystem fx Scan can be used on a stand-alone basis, so it has appeal for virtually any tax practice.
November 5, 2014
2014 Reviews of Tax Document Automation Systems
Life can be funny. There are times when no matter how much we are told something is bad for us, we often ignore the message and continue down our current path. Whether it is smoking cigarettes, excessive drinking, texting while driving, you name it...