Taxes January 26, 2026
Welcome to Tax Season 2026
The IRS today opened the 2026 tax filing season and began accepting and processing federal individual income tax returns for tax year 2025.
November 18, 2014
Are You Ready for April 2015? Are Your Clients?
New legislation has brought greater certainty to year-end planning but also created new challenges.
November 17, 2014
3 Year-End Tax Tips for Small Businesses
The end of the year gives you and your business a great chance to maximize tax savings for 2014 and beyond.
November 16, 2014
2014 Corporate Tax Department Study
The Thomson Reuters Corporate Tax Department Pulse Survey polled 212 corporate tax department executives, half of which have $1 billion or more in revenue. The subjects of the study included U.S. corporate tax reform, tax inversions, recent tax credit ...
November 14, 2014
Last Chance for Retroactive Portability of Estate Tax Exemption
The portability provision can literally save a family millions of federal estate tax dollars if a timely election is made. For some clients who missed the boat, there’s still a little time left to sail off happily into the sunset, thanks to a special IRS
November 13, 2014
California Man Gets Prison for $860,000 Tax Refund Check Cashing Scam
The scheme involved the submission of fraudulent tax returns in the names of actual taxpayers, which resulted in the Internal Revenue Service issuing tax refunds, most of which were deposited directly into bank accounts.
November 13, 2014
FAFSA Should be Starting Point for Student Loans, College Finances
Students need to submit a FAFSA to apply for grants and other types of financial assistance from the U.S. Department of Education, which, through its Federal Student Aid office, is the largest provider of student financial aid in the country...
November 13, 2014
IRS Allowed Up to $167 Million in Questionable Fuel Tax Credits
The Internal Revenue Service (IRS) may have allowed approximately $167.7 million in questionable fuel tax credit claims between 2011 and 2013, according to a new study released publicly today by the Treasury Inspector General for Tax Administration (TIGTA
November 13, 2014
GASB Proposal Would Require State and Local Govts to Disclose Tax Abatement Info
The Governmental Accounting Standards Board (GASB) is seek comments on a proposed Statement, Tax Abatement Disclosures, which would require state and local governments for the first time to disclose information about property and ...
November 12, 2014
IRS Grants Taxpayers More Leeway on IRA Rollovers
Once the Tax Court ruled against a taxpayer in a controversial interpretation of the “once-a-year” rollover rule for IRAs, the IRS was only too willing and eager to jump on the bandwagon. But at least it delayed enforcement of the ruling until January 1, 2015. Now, under new guidance just issued by the IRS, procrastinators...…
November 12, 2014
AICPA Presents Highest Award for Taxation Professionals
The American Institute of Certified Public Accountants (AICPA) has named Patricia A. Thompson as the recipient of the 2014 Arthur J. Dixon Memorial Award, the highest honor bestowed by the accounting profession in the area of taxation.
November 12, 2014
Avalara Raises $100 Million in Financing
Avalara, a provider of cloud-based software for sales tax and other transactional tax compliance, has raised $100 million in a financing round from an affiliate of Warburg Pincus, a global private equity firm focused on growth investing.
November 12, 2014
IRS Clarifies IRA Rollover Limit
The Internal Revenue Service has issued new guidance to clarify the impact a 2014 individual retirement arrangement (IRA) rollover has on the one-per-year limit imposed by the Internal Revenue Code on tax-free rollovers between IRAs.