Taxes December 22, 2025
The IRS on Monday opened a 90-day public comment period, which ends March 22, for proposed updates to its voluntary disclosure practice, including a more streamlined penalty framework.
December 22, 2025
December 22, 2025
December 19, 2025
December 18, 2025
June 13, 2016
Beware of the "wash sale" rule. This rule says you can't deduct the loss from the sale of securities if you buy "substantially identical" securities within 30 days before or after the loss sale. The disallowed loss is added to your basis in the new stock.
June 9, 2016
Whaling is a form of phishing attack where senior executives and others with access to valuable and sensitive data are sent very personal and well researched emails. The attacker may send the target an email that appears to be from someone they ...
June 8, 2016
Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.
June 8, 2016
After being disabled last spring, Get Transcript Online is now available for all users to access a copy of their tax transcripts and similar documents that summarize important tax return information.
June 6, 2016
Revenue Procedure 2016-33, posted on IRS.gov, along with temporary and proposed regulations published last month in the Federal Register, carries out legislation enacted in late 2014 requiring the IRS to establish a voluntary certification program for ...
June 6, 2016
Eighty-eight percent surveyed believe that payments fraud will become a bigger threat to the financial services sector over the next two to three years. Despite this anticipated increase, just one in 10 attendees felt that an effective ...
June 3, 2016
An NYSSCPA member since 1987, Zovistoski has served on the Society’s Board of Directors each year for the past six years—two of them as the Society’s secretary/treasurer. He’s also served as Finance Committee chair and Northeast Chapter president, as ...
June 3, 2016
Can you deduct the cost of going back to a school to get ahead in your career? It depends. If you pass a definitive tax law test, certain expenses are deductible on your personal tax return, albeit as miscellaneous expenses subject to an annual limit.
June 3, 2016
pproximately 1.2 million taxpayers may have used hobby losses to reduce their taxable incomes to potentially avoid paying $2.8 billion in taxes in 2005. The overall objective of the latest review was to determine whether the IRS is taking sufficient ...
June 1, 2016
2016 Innovation Award Winner -- The Electronic Tax Return Reader imports data from borrowers’ electronic tax returns, including financial and real estate information. The patent-pending technology supports PDF files created directly from select tax ...
June 1, 2016
Your identity has already been stolen, whether you know it or not, according to one of the most senior identity theft experts in the world. Abagnale was the real-life inspiration for the character played my Leonardo DiCaprio in the 2002 movie "Catch ...
May 31, 2016
In spring 2017, you will spend more than half your waking hours staring at tax returns unless you change your process. What would enable you to run your business more profitably and less painfully?