Taxes November 5, 2026
IRS Adjusts Tax Brackets, Standard Deduction for Tax Year 2027
The IRS has released the tax year 2027 annual inflation adjustments for nearly 70 tax provisions.
August 19, 2015
Tax Alert: New Deadline for FBAR Filing
Due to a little-noticed provision in the new highway appropriations bill signed into law on July 31 – the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 – the deadline for filing an FBAR (Report of Financial Bank and Financial Accounts) has been moved up from June 30 to April 15. But...…
August 19, 2015
Back to College? Don’t Forget the Tax Credits and Deductions
The credits apply to eligible students enrolled in an eligible college, university or vocational school, including both nonprofit and for-profit institutions. The credits are subject to income limits that could reduce the amount claimed on their tax ...
August 13, 2015
IRS Warns of Latest Income Tax Scams and ID Theft Schemes
More than 4,000 victims who have collectively reported over $20 million in financial losses as a result of tax scams since October 2013.
August 13, 2015
Most CPAs Surveyed Had Tax Clients Affected by ID Theft
Resolving issue for clients with IRS often proved difficult, according to AICPA.
August 11, 2015
Florida Woman Accused of Stealing Coworker Identities to Go Shopping
Most victims had something in common: they were employees at Bethesda Hospital in Boynton Beach. Police said some of the victims said they knew Thaddies because she also worked at the hospital.
August 7, 2015
Tips to Get the Most Tax Benefit From Car Donations to Charity
In the past, donating cars to charity was a win-win situation for the donor and organization, even if you were giving away a lemon. All you had to do was arrange the pick-up or drop-off, refer to an auto-buying guide like the Kelley Blue Book (KBB) and th
August 7, 2015
Accounting and Tax Professionals Urge Congress to Pass Tax Practitioner Bill of Rights
The National Society of Accountants (NSA) has sent a letter to all Members of Congress urging them to enact legislation to support the “Tax Practitioners Bill of Rights,” which NSA issued on June 16, 2015.
August 2, 2015
Want Reform? The Tax Plans of the 2016 Presidential Candidates
The field for next year’s presidential derby is crowded and prospective candidates have started jockeying for position. One of the main issues that can set these politicians apart is tax reform. Some candidates have already unveiled detailed proposals ...
July 31, 2015
New Highway Law Changes Filing Deadlines and Requirements for Business Taxes
Currently, the tax return due date for calendar-year partnerships is April 15th, the same the due date for individual returns. The law changes the deadline to March 15th for calendar-year partnerships and the 15th day of the third month following the ...
July 27, 2015
Is Summer Camp Tax Deductible?
I know, I know…the subjects of fun summer camp and “funless” income tax preparation don’t exactly go together as well as toasted ‘mallow and graham. But for as painful as taxes might be, there is some value here for anyone that sent a child to camp last summer, or is planning to in the coming months....…
July 27, 2015
What’s Next For Proposed Changes to Overtime Pay and Exempt Employees?
Recently, the Department of Labor (DOL) has released proposed rules to update the exemptions from overtime.
July 27, 2015
Senate Committee Approves Tax Extenders Through 2016
Among the many provisions addressed in the bill, business taxpayers would benefit from an extension and expansion of the Research and Experimentation (R&E) Credit, the Work Opportunity Tax Credit (WOTC), and the §179D deduction.