Income Tax

Corporate_Tax_Return_1_.5422e980f2002

November 16, 2014 

2014 Corporate Tax Department Study

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 ...

 IRS Allowed Up to $167 Million in Questionable Fuel Tax Credits

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

2014_IRA_Rollover_Rules_1_.5463919d9ee19

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.

Medical_Marijuana_Tax_28251526_1_.54638ff8305c6

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.

Dave McClure

 Sales Tax Is About to Take Center Stage

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 ...

Gail Perry

sample_IRS_1099_MISC_2014_1_.545a6b837de3b

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.