Benefits May 29, 2026
Don’t Forget About Tax on Social Security Benefits
Seniors can lower their PI via capital losses, annuities, growth stocks, life insurance, or IRA contributions.
Firm Management May 31, 2015
How to Handle the Clients From Hell
From May 2015 - They are chronically difficult to deal with, either by asking you to help them cheat on taxes, or by presenting behaviors that are disruptive to the firm and to its staff.
May 28, 2015
Despite Recent Breach, Report Says IRS Getting Better At Detecting and Preventing Tax ID Theft
The extent of the IRS’s ability to stem this problem is still limited because it does not have access to third-party income and withholding information until well after tax return filing begins.
May 27, 2015
How Tax Professionals Can Avoid Getting Involved with Tax Frauds
A whopping 11 percent of Americans believe that it is okay to cheat on their taxes, according to the most recent IRS Oversight Board Survey of Taxpayer Attitudes. Unfortunately, successful fraud for many individuals will require either lying to their ...
May 27, 2015
Accounting Group Urges Better Safeguards to Protect Clients from Taxpayer Identity Theft
As the debate goes on about how to curb the increasing incidence of taxpayer identity theft in the U.S., members of BKR International discussed their experiences during the recent tax filing season, as well as ways to mitigate future risk and help clients
May 27, 2015
What Taxpayers Should Do If Their Info Was Exposed On IRS Website
Taxpayers whose accounts were compromised will be notified by the Internal Revenue Service. Individuals who believe their identities have been compromised in this, or any other attempt, should review the IRS “Taxpayer Guide to Identity Theft,” which ...
May 27, 2015
Guidance on Like-Kind Exchanges Added to Checkpoint Catalyst
Thomson Reuters has added new content to Checkpoint Catalyst that includes content covering IRC § 1031 to assist tax practitioners in implementing like-kind exchanges to secure tax deferral benefits for their clients.
May 27, 2015
IRS Data Breach Sets Off Alarms, FBI to Investigate
A serious security breach at the IRS has the agency scrambling to beef up its ID theft efforts while the public and lawmakers stew. The IRS announced on May 26 that hackers had gained access to the personal information of more than 100,000 American househ
May 19, 2015
CPAs Tell IRS to Improve Service, Provide Permanent Disaster Tax Relief and Preserve Cash Accounting Method
Concerned about the impact of IRS service reductions on taxpayers and tax practitioners, the AICPA Council on May 17 adopted a resolution urging policy makers to create a bi-partisan forum to “make recommendations that enable the IRS to achieve its ...
May 19, 2015
How to Figure the Tax on Early IRA Withdrawals
Some of your clients may have built up a sizeable account over the years but haven’t kept detailed records or don’t know how to compute the tax liability. Here’s some key information you can pass along.
May 18, 2015
High Demand for Financial Executives Drives Salary Increases
As the U.S. economy improves, higher demand for financial executives is driving a steady rise in salary and benefits, according to the findings of an annual survey issued by Grant Thornton LLP and Financial Executives Research Foundation (FERF).
May 15, 2015
New Online Tax Research Service Offered to Tax Professionals and Accountants
TaxResearchPro provides accountants and advisers with a trusted tax research support service to better manage their time and client engagements.
May 15, 2015
Negotiating SALT Credits and Incentives with Multiple States and Localities
With the economy finally showing some signs of life, businesses are looking to invest and grow. When you have discussions with your clients, do not forget to ask them about their planned capital expenditures, hiring plans, and training needs.