Taxes December 8, 2025
How Much Should the IRS Know About Your Charitable Giving? It’s More Than You May Realize
Even if you never claim a tax deduction, the federal government may still know which charities you support.
February 9, 2014
What’s Not On Your Clients’ W-2s Can Be a Goldmine For Your Firm
There’s so much nifty tax preparation software out there these days. Don’t you just love the software that allows us to import W-2 data, stock sales data, QuickBooks data, etc.? With all those tools, we barely even have to look at our clients’ documents. But we should!
February 9, 2014
IRS Faces Customer Service Challenges Under Obamacare
A new report by the Treasury Inspector General (TIGTA) on the Patient Protection and Affordable Care Act (the PPACA) – the 2010 federal legislation also known as “Obamacare” – focuses on the “customer service” strategy promised by the IRS.
February 9, 2014
IRS Planning Millions in Bonuses for Agency Employees
Citing the need to boost employee morale, the Internal Revenue Service's new commissioner said Monday that he will pay out millions of dollars in bonuses to agency employees, reversing a decision his predecessor made to save money amid the sequester budget cuts and other belt-tightening last year.
February 7, 2014
When Will You Get Your Tax Refund? Sooner, If You Use Direct Deposit
One of the top-searched questions between mid-February and April 15 each year is, "When can I expect my income tax refund?" Well, the answer depends on a couple of things, but the good news is that there are a number of tools to help find out.
February 4, 2014
App Lets Users Instantly Check Income Tax Refund Status
IRS2Go 4.0, the latest version of the Internal Revenue Service's mobile app, was released today. The version includes new features that are available in Spanish and English.
February 4, 2014
Unlicensed Milwaukee Tax Preparer Charged for $1 Million Fraud
A Milwaukee tax preparation service filed thousands of returns based on phony claims of self-employment that generated as much as $1 million in undeserved refunds, according to the results of an undercover IRS investigation launched in 2011.
February 4, 2014
Identity Theft Risk Increases During Tax Season
With tax season upon us, the most common form of identity theft has been popping up, officials warn.
February 4, 2014
Tips to Make a Business Audit Less Traumatic
The letter lands in your business mailbox. The return address shows it's from the Internal Revenue Service. Before it's even opened, nervousness sets in.
January 31, 2014
The NFL is Tax-Exempt? Congressman Seeks Change in Tax Law
On the Wednesday before Super Bowl XLVIII between the Seattle Seahawks and the Denver Broncos, some in Congress question whether the league that runs the most-watched American sport, which generates as much as $9 billion in revenue each year, is deserving of its nonprofit, tax-exempt status.
January 30, 2014
IRS Announces New Members for Reporting Program Committee
The Internal Revenue Service has announced the selection of seven new members for the Information Reporting Program Advisory Committee (IRPAC)
January 28, 2014
IRS Proposes Fines For Non-Compliance With Health Insurance Mandate
Most U.S. taxpayers must secure health insurance coverage this year whether they want to or not. But the IRS and Treasury Department have clarified several exceptions to the rules in new proposed regulations relating to the health insurance mandate for individuals.
January 23, 2014
IRS and Tax Professionals Warn of Tax Scams & ID Theft
Tax season has always been a tempting time for many unsavory people to try to scam others. The addition of online self-preparation and identity theft has only made the problem worse.