Income Tax

March 30, 2015 

According to the Q1 2015 Spark Business Barometer from Capital One, 55 percent of small business owners are very confident they are taking advantage of small business tax deductions, but what about the other 45 percent?

March 30, 2015 

Tax season can be a scary time for many taxpayers, but it's mostly because of a lack of knowledge. It's a fear of the unknown: Will they owe taxes, will the IRS come after their business, etc.

March 30, 2015 

An employee’s company may be glad to pick up the tab on a weekend trip home if you’re staying in a place where the cost of lodging and meals is high. The trip home might cost less than the expense of putting you up in a pricey hotel.

March 30, 2015 

The nation's largest society of professional accountants is telling Congress that tax reform isn't just something to think about, it's something needed soon.

March 27, 2015 

Do you have clients who are dedicated to working on behalf of a charity? Although they may go out of their way to support their favorite cause, they may not be getting a tax deduction for the blood, sweat and tears they expend.

March 27, 2015 

Accountants and CPAs are in the middle of the industry’s hottest season, and staying above the stress in a time of relative chaos can be a challenge to say the least. Long hours, looming deadlines and mountains of data can drive people to the edge ...

March 27, 2015 

The release of New York State Corporation Income Taxes After 2014 coincides with the 2015 effective date of the state’s comprehensive overhaul of its corporate income tax.

March 25, 2015 

As you’re working through federal income tax returns of clients during the home stretch, you hold a veritable ace up your sleeve: the IRA contribution. For clients who qualify, a contribution made by the tax return due date – April 15, 2015 for ...

March 23, 2015 

Taxpayers still have time to decrease their 2014 taxes by contributing to an IRA. In most cases, doing so can help them qualify for a deduction or even a tax credit.

March 23, 2015 

Special tax rules apply to military members on active duty and in the reserves, particularly those serving in combat zones. These can help lower federal taxes and make it easier to file tax returns.

March 19, 2015 

First, to claim a charitable contribution deduction, donors must get a written acknowledgement from the charity for all contributions of $250 or more. This includes gifts of both cash and property.

March 19, 2015 

For taxpayers who haven’t yet filed their taxes, the IRS has this advice: don’t panic. Taxpayers who need more time to complete their tax return can request an automatic six-month extension.