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.
October 9, 2014
Report: IRS Field Collectors Need to Focus on Cases with Better Potential
The IRS field workload selection process is not designed to ensure that cases with the highest collection potential are identified, selected, and assigned to be worked, according to a new report.
October 9, 2014
Fraud and the Cost of Complacency
Fraud costs businesses billions directly, but what is the cost of complacency? Research conducted by the Association of Certified Fraud Examiners (ACFE), the world’s largest anti-fraud organization, indicates that the longer a fraud lasts before it is ...
October 9, 2014
AICPA Asks IRS to Change Tangible Property Regulations for SMBs
The AICPA is urging the Internal Revenue Service (IRS) to act quickly to relieve the administrative burden imposed on small business taxpayers by the tangible property regulations
October 9, 2014
Special 2014 Year-End Tax Series
Are you the kind of tax practitioner who waits for business to walk in the door or do you actively pursue it on your own? Usually, the former will result in flat revenue while the latter enables you to better build and grow your practice.
October 9, 2014
How to Pull Deductions Into TY 2014 and Push Income Into TY 2015
Naturally, everyone’s tax situation is different and the landscape changes year to year. However, absent special circumstances such as pending legislation or drastic economic swings, the tried-and-true strategy of accelerating deductions into ...
October 9, 2014
5 Tips to Help Small Businesses Reduce Risk of a Tax Audit
One of the most nerve wracking aspects about tax season for millions each year is the possibility of being audited. For small business owners and those who are self-employed, the chance of being audited is even greater.
October 8, 2014
Report Shows Real Wages Increased in Third Quarter
The latest ADP Workforce Vitality Index, which measures the total real wages paid to the U.S private sector, is 110.6 in the third quarter of 2014. The index, part of the ADP Workforce Vitality Report, is composed of a number of metrics including ...
October 7, 2014
6 Major Tax and Financial Implications of Gay Marriage Ruling
What are the tax and financial issues of the Supreme Court's decision not to overturn gay marriage rulings in several new states? Although certain aspects are still being sorted out, here’s a brief summary of the lay of the land in several key areas.
October 7, 2014
Right Networks and Track1099 Partner to Offer Paperless e-Filing & Delivery of 1099-Misc Forms
Right Networks and Track1099 have partnered to offer QuickBooks clients a paper-free and low-cost option for convenient e-filing and e-delivery of 1099-MISC forms this coming tax season.
October 3, 2014
IRS Issues New Rules for Local Hotel Expenses
Normally, a taxpayer may deduct travel expenses, including the cost of lodging, only when he or she is “away from home” on business. For this purpose, home means your tax home, usually the area surrounding your principal place of business ...
October 1, 2014
Charitable Donations Increase by Most Since Great Recession
A new analysis of how Americans and Canadians donate to nonprofit organizations shows the greatest overall increase since 2008.
October 1, 2014
The Three Rs of Travel & Entertainment Deductions: Records, Records and More Records
[This is the last in a series of articles on maximizingdeductions for travel and entertainment (T&E) expenses.] In the not-so-distant past, the IRS often suspected that deductions for travel and entertainment (T&E) were being inflated or, even worse, being claimed when no legitimate expenses existed. Eventually, it carved out a strict set of recordkeeping requirements for...…