Taxes

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September 10, 2015 

2015 Review of Drake Tax Planner

Drake Tax Planner is a good fit for firms that have less complicated tax planning needs. Designed for both individuals who wish to map out their own tax plan, as well as firms providing tax planning services, the product offers straightforward tax ...

Mary Girsch-Bock

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September 9, 2015 

Case Shows When a Taxpayer Can’t Use Home Sale Tax Exclusion

Assuming the client meets all the requirements of Section 121 and the gain doesn’t exceed the allowable limits, the federal income tax bill is zero. Right? Not always. As a new case handed down by the Eighth Circuit Court illustrates, a taxpayer may ...

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September 9, 2015 

2015 Review of Intuit Lacerte Tax Planner

Ideal for small to mid-sized firms, Lacerte Tax Planner, from Intuit, offers an easy to use tax planning product that is well suited for those looking for a stand-alone product, as well as those wishing to integrate with other Intuit financial products.

Mary Girsch-Bock

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September 8, 2015 

Accounting Salaries To Rise 4.7% in 2016

Among the five fields tracked, the technology sector is projected to see the greatest pay gains, with base salaries rising an average of 5.3 percent. Accounting and finance roles followed, with anticipated average compensation increases of 4.7 percent.

Avalara Oregon 55e71ea4c5ecd

September 2, 2015 

Oregon Implements Automated Fuel Sales Tax Reporting System

Oregon can now support e-filing and online payment of motor fuel tax returns and refunds for thousands of companies doing business in the state. The system also helps simplify reporting of city and county fuel taxes by consolidating 15 different tax ...

Cari Weston

September 2, 2015 

AICPA Names New Director of Taxation

Weston had her own tax practice firm in Austin, Texas before she joined the AICPA in 2013 as senior technical manager of taxation. She has spent 20 years in public accounting.

 IRS Watchdog Issues Review of Agency’s Tax Credit Claims

September 1, 2015 

IRS Watchdog Issues Review of Agency’s Tax Credit Claims

The IRS’s processing of tax returns that reported or claimed Premium Tax Credits (PTC) during the 2015 filing season was challenged by delays in receiving data from some Health Insurance Marketplaces (Exchanges), according to ...

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September 1, 2015 

IRS Workers Busted for ID Theft, Filing Bogus Returns

Who can you trust with sensitive personal information like your Social Security number (SSN) and tax return data? Evidently, not even the people who used to work at the IRS. In a new case, a former IRS employee was sentenced on August 26 to two years ...