Taxes

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February 17, 2016 

February in the SALT Practice: Client Meetings

It's February and you're in the heart of busy season. Starting a new process for organizing and monitoring state and local tax chores and obligations is really not feasible at this point in time, but there are some best practices you can employ that ...

Gail Perry

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February 16, 2016 

How to Avoid a State Tax Audit

Have you ever desperately tried to avoid someone at a cocktail party? Perhaps the guy who means well but asks nitpicky questions and won’t leave you alone? For accounting professionals, that party pariah is an auditor, and you should do everything ...

 Congress Passes Law Banning Internet Access Taxes

February 16, 2016 

Congress Passes Law Banning Internet Access Taxes

Feel free to keep using the Internet without the threat of having to pay taxes on your services. (Buying products online, yes, you may have to pay sales tax. But not for your actual Internet service.)

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February 16, 2016 

IRS Targets Bogus Tax Shelters

Illegal scams can lead to significant penalties and interest and possible criminal prosecution. IRS Criminal Investigation works closely with the Department of Justice (DOJ) to shut down scams and prosecute the criminals behind them.

 Avalara Launches AvaTax Excise for Multi-Tax Industries

February 16, 2016 

Avalara Launches AvaTax Excise for Multi-Tax Industries

Avalara, Inc. has launched a new solution for the determination and calculation of tax for businesses in industries such as bulk fuel distribution, residential propane and heating oil distribution, vehicle and equipment rental, wholesale tobacco, and ...

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February 15, 2016 

IRS Is Looking For Unreported Offshore Accounts

The IRS remains committed to our priority efforts to stop offshore tax evasion wherever it occurs. Even though the IRS has faced several years of budget reductions, the IRS continues to pursue cases in all parts of the world, regardless of whether the ...

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February 15, 2016 

IRS Budget Cuts are Increasing Tax Season Pains

Tax season has officially started and the Internal Revenue Service began accepting tax returns this week. According to IRS Commissioner John Koskinen, the agency is facing ongoing budget cuts, and due to these reductions, several of the services the ...

 Taxpayers Beware of Bogus Tax Refund Promises

February 12, 2016 

Taxpayers Beware of Bogus Tax Refund Promises

The IRS is warning taxpayers to be on the lookout for unscrupulous tax return preparers pushing inflated tax refund claims. This scam remains on the annual list of tax scams known as the “Dirty Dozen” for the 2016 filing season.

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February 12, 2016 

IRS Looking For Taxpayers Who Pad Their Tax Deductions

The vast majority of taxpayers file honest and accurate tax returns on time every year. However, each year some taxpayers fail to resist the temptation of fudging their information. That’s why falsely claiming deductions, expenses or credits on tax ...

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February 12, 2016 

New E-Signature System Designed for Tax Preparers

With tax season in full swing, SIGNiX, a provider of cloud-based Independent E-Signature solutions, has launched TaxDoX, a new e-signature utility created to allow tax preparers to digitally sign and send tax documents securely through the cloud.