Taxes December 18, 2025
The confirmation follows Monday’s posting of a draft IRS Form W-2G, reflecting changes mandated by the OBBBA, which amended federal information-reporting requirements for certain payments, including casino gambling winnings.
November 18, 2013
One of Oklahoma's Representatives in the U.S. Congress, Jim Bridenstine, has filed legislation that could lead to repeal of the 16th Amendment to the U.S. Constitution -- the amendment enabling the current federal income tax.
November 18, 2013
New W-2 and 1099 printing and electronic delivery software program has been released by W2Mate.Com.
November 17, 2013
Your payroll clients are already paying FUTA, a federal tax levied on employers that are covered by their state's unemployment insurance program. Depending on where they're located, your clients may face an increase in FUTA when they file their 2013 taxes.
November 15, 2013
Same-sex couples who are legally married in other states can now file joint state tax returns in Missouri, Gov. Jay Nixon said Thursday, noting that he was making the change because state tax law is linked to federal tax law.
November 14, 2013
On the day his economic development agency proposed emergency rules to implement his START-UP NY program, Gov. Andrew M. Cuomo said hundreds of companies have expressed an interest in getting tax-free benefits in return for locating start-up businesses on college campuses.
November 13, 2013
New and used vehicles that fall outside the passenger auto definition also qualify for the Section 179 deduction (generally a total of $500,000 for all eligible property placed in service in tax years beginning in 2013). As explained later, however, heavy SUVs are subject to a reduced Section 179 limit of $25,000 per vehicle.
November 12, 2013
CPAs have close relationships with their clients (especially in smaller accounting practices) and rightfully so. Who else is better to understand their client’s financial and business affairs than their trusted CPA? And the relationship generally remains close…
November 11, 2013
A sophisticated phone scam is sweeping the country, using fear of the Internal Revenue Service to target recent immigrants and others, IRS officials warn.
November 10, 2013
Illinois CPA Society members volunteer to help active duty military members and their families with free federal and state income tax preparation.
November 7, 2013
Expanded identity theft detection efforts at the Internal Revenue Service (IRS) are helping to identify fraudulent tax returns, however, billions of dollars of potentially fraudulent refunds continue to be paid, according to a report released publicly today by the Treasury Inspector General for Tax Administration (
November 6, 2013
Thomson Reuters has released Checkpoint Credits and Incentives Pinpointer, a web-based tool that enables businesses to easily identify statutory credits and incentives that are available per industry or location.
November 5, 2013
During Fraud Awareness Week, the Association of Certified Fraud Examiners (www.acfe.com) is hoping to help organizations by providing them with basic tips that can help them detect and prevent fraud.