Income Tax
Latest News
Biden Seeks to End Subminimum Wage for Workers With Disabilities
Trump’s Election Win Powers U.S. Business Sentiment to Highest Levels in Years
UHY Receives Private Equity Funding From Summit Partners
FASB Targets Credit Losses for Accounts Receivable, Contract Assets in Proposed ASU
Medical marijuana company hires accounting firm for audit
Medical Marijuana Inc., an OTC publicly-traded business (MJNA), announced on Wednesday that it has signed a letter of engagement with the San Diego based accounting firm of Anthony W. Imbimbo & Associates to perform an audit of its financial records.
IRS: For TY 2013, a new option for claiming home office deduction
The IRS has announced a simplified option that many owners of home-based businesses and some home-based workers may use to figure their deductions for the business use of their homes.
School cafeteria worker accused of stealing $8,000 in lunch money
A former cafeteria manager at an Oklahoma elementary school is accused of stealing more than $8,000 in lunch money during the last school year.
Accounting firm helping investigate alleged cheating in Texas school district
The district's school board has sought the forensic audit capabilities of Weaver LLP's El Paso office. The public accounting firm is one of the largest in regioinal, independent firms in the Southwest.
Virginia unemployment insurance taxes to dip
Taxes for the Virginia unemployment insurance benefits are set to decline this year for the first time since the recession hit.
Alleged tax fraud and pyramid scheme at core of Conn. gifting table case
With a trial in set to begin on Jan. 24 over a "Women's Gifting Table," attorneys and a judge in Hartford, Connecticut discussed on Monday the jury selection process and admissible testimony.
Former CPA and IRS agent still challenging tax authority of U.S. after prison
Former IRS Agent and Certified Public Accountant Sherry Peel Jackson, who spent nearly four years in prison for failing to file her income tax returns, chose her words carefully while speaking to an anti-tax group on Monday night.
Massachusetts business owner pleads guilty to $2M IRS fraud
A Massachusetts man was convicted today of defrauding the Internal Revenue Service out of nearly $2 million by lying on corporate tax forms about how many workers he employed, according to the U.S. Attorney's Office.