Taxes February 6, 2026
IRS Issues Proposed Rules on Clean Fuel Tax Credit
The Treasury Department and the IRS released proposed regulations Feb. 3 on the clean fuel production credit under the One Big Beautiful Bill Act.
March 16, 2016
IRS Returns Seized Cash to Convenience Store Owner
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
Special Report Looks At European Anti-Tax Avoidance Package
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
Tax Reform Takes Center Stage in 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
IRS Is Holding Almost $1 Billion in 2012 Tax Refunds
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
Tampon Tax Court Case Seeks Refunds
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
The Sticky Business of Excise and Sales Tax Requirements
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
Why Are Products “Sometimes” Taxable?
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
Need More Time? Tax Extensions Are Easy, But The Taxes Are Still Due April 15 (Actually, April 18)
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
IRS Taxpayer Advisory Panel Gets New Members
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 ...
March 14, 2016
Clock Ticking on $950 Million in Tax Refunds from 2012
The Internal Revenue Service says that federal income tax refunds totaling $950 million are waiting for an estimated one million taxpayers who did not file a federal income tax return for 2012. To collect the money, these taxpayers must file a ...
March 13, 2016
IRS Offers New Guidance on Work Opportunity Tax Credit
Essentially, employers now have until June 29, 2016 to get all their ducks in a row. The new Notice also explains the rules for a new target group.
March 4, 2016
How Firms Can Develop Compensation Packages to Land Top Talent
With public accounting firms facing increased competition for skilled staff, it’s more important than ever that companies take a strategic approach to recruiting and hiring. Above-average compensation packages can go a long way in helping your ...