Taxes January 27, 2026
The IRS released frequently asked questions on Tuesday regarding how an executive order from President Donald Trump will impact the way taxpayers receive tax refunds and make tax payments.
January 27, 2026
January 27, 2026
January 27, 2026
March 17, 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.
March 16, 2016
Accountants pride themselves on their role as protectors of their clients -- using their continuing education; vast resources from the IRS and industry; and even the audit process to help business owners and investors to side-step the worst of the ...
March 16, 2016
Tax accountants have always been the white knights. Auditors were viewed by clients as necessary, consultants the fascinating innovators, but tax accountants were there to save the day.
March 16, 2016
The IRS seized more than $150,00 from a convenience store owner’s bank account in 2014 – virtually all the money he had in the world – even though he did absolutely nothing wrong. It has taken the taxpayer nearly two years to get the money bank and ...
March 15, 2016
Thomson Reuters Checkpoint has just released a special report, European Commission Presents Anti-Tax Avoidance (ATA) Package, summarizing the ATA Package to help businesses plan for the latest developments in advance of implementation.
March 15, 2016
The Protecting Americans from Tax Hikes Act of 2015 (PATH Act) may be the last significant tax bill of the Obama administration. With the 2016 presidential election looming, tax directors are closely watching how America’s choice will impact the tax ...
March 15, 2016
In cases where a tax return was not filed, the tax law provides most taxpayers with a three-year window of opportunity for claiming a refund. However, if no return is fled in time, the money becomes the property of Uncle Sam. For 2012 tax returns, the ...
March 14, 2016
Court papers note that the state doesn’t tax other hygiene items like Rogaine, foot powder, dandruff shampoo, ChapStick, facial wash, adult diapers and incontinence pads, but tampons and sanitary pads are subject to sales tax.
March 14, 2016
There are a variety of industries that find themselves with a unique tax conundrum…they are required to calculate and file both sales and excise taxes to run their day-to-day business. So, what’s the big deal?
March 14, 2016
Just when you thought you had a handle on the rules for taxing goods and services, you come face to face with the new compliance bully on the block: “sometimes taxable.” Businesses must correctly deal with these sometimes exempt and sometimes subject ...
March 14, 2016
Can’t file your tax return by the April 18 deadline? Taxpayers can request an automatic six-month extension of time to file the return, but what many don’t know can cost them.
March 14, 2016
The new TAP members will join 41 returning members to round out the panel of 73 volunteers for 2016. The new members were selected from more than 1,000 interested individuals who applied during an open recruitment period last spring and the pool of ...