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April 23, 2016 

2016 Review of Thomson Reuters – UltraTax CS

The UltraTax CS system from Thomson Reuters offers extensive tax compliance and practice management tools that enhance firm workflow. It can be used independently but is at its most productive and efficient when used as a central component of the CS ...

Isaac M. O'Bannon

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April 23, 2016 

2016 Review of Intuit – Lacerte Tax

For nearly 35 years, the Lacerte Tax professional tax system has provided tax professionals with compliance and practice management tools and features that streamline tax production and workflow. The comprehensive system is available in packages that ...

Isaac M. O'Bannon

Sanders Income Tax 5718f2d4b9113

April 21, 2016 

Bernie Sanders Releases Income Tax Return

After weeks of prodding from his main opponent for the Democratic presidential nomination, Bernie Sanders finally released the remaining forms and schedules of his 2014 tax return on April 15. The result? No major surprises – the Vermont senator ...

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April 20, 2016 

When Is Money Subject to Sales Tax?

Some sorts of money—typically coins, paper money and precious metals—are subject to sales tax in many states. In some states, sales of all types of money are exempt.

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April 20, 2016 

Clintons Paid More Than 35% Effective Tax Rate

The former Secretary of State and New York Senator, who has been living in a fish bowl since her husband Bill became governor of Arkansas and ascended to the presidency, recently released copies of her joint tax returns for the last eight years.

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April 19, 2016 

Obamas Release Tax Returns, Pay Less Tax

The Obamas claimed claiming more than $145,000 in itemized deductions on their 2015 return, including donations to charity such as the Fisher House Foundation, a longtime favorite. The couple is in line for a refund of almost $23,000.

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April 18, 2016 

Bill Would Simplify Income Tax Filing

The “Tax Filing Simplification Act of 2016” requires the IRS to develop a free service for filing tax returns directly with the federal government and prohibits the nation’s tax collection agency from entering into agreements restricting the use of ...

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April 18, 2016 

Sales Tax Record Keeping Requirements for Retailers

Clients who don’t adhere to state record keeping requirements run the risk of being penalized by auditors. The exact rules and penalties vary from state to state, but it is definitely in your clients’ best interests to stick to the letter of the law.

Ken Berry, JD