Taxes January 28, 2026
As the IRS enters the 2026 tax season facing workforce reductions and implementing major tax law changes, National Taxpayer Advocate Erin Collins warns in a new report that taxpayers could encounter more challenges when filing their taxes this year.
January 27, 2026
January 27, 2026
August 17, 2016
Tired of Congressional inactivity on internet sales tax, a growing number of states have enacted legislation enabling them to tax sales made by out-of-state sellers. The majority of these laws maintain that a connection between a state and seller is ...
August 16, 2016
The U.S. average combined sales tax rate rose slightly in the second quarter due to minimal tax changes in most jurisdictions, according to the latest ONESOURCE Indirect Tax Report from Thomson Reuters.
August 16, 2016
To help ease the burden of hard-working parents, employers may institute a dependent care assistance plan for employees. Under such a plan, payments made to third parties like babysitters and day care centers are excluded from income if the costs ...
August 16, 2016
The email scheme is the latest in a series of attempts by fraudsters to use the IRS or other tax issues as a cover to trick people into giving up sensitive information such as passwords, Social Security numbers or credit card numbers or to make ...
August 16, 2016
Currently available as a free trial version, the cloud-based system offers early access to the brand-new TaxWise Online interface, the comprehensive bilingual TaxWise forms library, and complete calculations so that preview users can prepare sample ...
August 10, 2016
If taxpayers have an expired ITIN and don’t renew before filing a tax return next year, they could face a refund delay and may be ineligible for certain tax credits, such as the Child Tax Credit and the American Opportunity Tax Credit, until the ITIN is r
August 10, 2016
One of the biggest and best fringe benefits often isn’t technically thought of as a “fringe benefit.” It’s the matching contributions made to a 401(k) plan account by an employer on behalf of participating employees. Witt this add-on, an employee’s ...
August 10, 2016
Suppose that your personal residence is substantially damaged and will cost you tens of thousands of dollars to fix. Is the repair cost deductible on your tax return as a casualty loss? It doesn’t always seem fair, but it depends on whether the ...
August 9, 2016
Trying to reclaim some momentum in his presidential election campaign, Donald Trump, the Republican candidate, is tweaking his tax plan. In a far-ranging speech on economic policies on August 8, Trump proposed cuts in individual tax rates, although not as drastic as in previous proposals. The billionaire also advocated tax reforms in line with the...…
August 8, 2016
Normally, you can deduct the full amount of mortgage interest you’re required to pay on your principal residence and one other home such as a vacation home. But sometimes you might bump up against these two tax law limits, especially if you’re a ...
August 8, 2016
National Taxpayer Advocate Nina E. Olson and U.S. Rep. Jim Renacci, a member of the House Ways & Means Committee, will hold a public forum to discuss what taxpayers want and need from the IRS to comply with their tax obligations. Rep. Renacci is ...
August 4, 2016
Generally, the tax exclusion applies to reimbursements covering costs that would have been deductible as job-related moving expenses paid or incurred by employees on their personal tax returns. And those requirements are somewhat convoluted.