Income Tax October 24, 2026
A Corrected Tax Document Arrived After Review. What Needs to Reopen?
The operational question is not whether the upload succeeded. It is whether the change reached the person responsible for deciding what happens next.
July 3, 2016
2016 Fringe Benefits Tax Series: #2: An Adoption Assistance Plan
Taxpayers who adopt children may be in line for special tax breaks. Significantly, you can claim a generous tax credit for qualified adoption expenses you’ve incurred, subject to a reduction based on your modified gross income (AGI). But high-income ...
June 28, 2016
2016 Tax Series: Fringe Benefit #1: Reward Employees with Achievement Awards
If morale in your workplace has hit rock-bottom, you can boost spirits – and hopefully productivity – by establishing a program of employee achievement awards. As long as certain requirements are met, the awards are tax-free to employees and ...
June 28, 2016
2016 Fringe Benefits Tax Series: #4: Cell Phones Can Be A Tax-Free Employee Benefit
If the employer doesn’t provide a cell phone, but instead initiates a reimbursement arrangement for an employee’s personal cell phone that is used for business, the IRS may treat it as a noncompensatory business purpose.
June 28, 2016
New and Expanded Income Tax Credits for 2016
From credits for electric vehicles, to education deductions and employer credits, there are many changes in 2016. So make sure you and your clients keep up-to-date on these tax breaks.
June 28, 2016
Employers Get More Time To Comply With Work Opportunity Tax Credit
The IRS is giving employers three additional months to comply with the rules for claiming the Work Opportunity Tax Credit (WOTC). The WOTC is available to employers who hire workers any one of several “target” groups.
June 28, 2016
IRS Webcast to Cover Foreign Earned Income Exclusion – Free CPE
The Internal Revenue Service will hold a free online, web-based information session to assist U.S. overseas taxpayers in understanding the foreign earned income exclusion on Wednesday, June 29.
June 26, 2016
Avalara Adds Integration with Stripe Connect and Stripe Relay, Simplifies Mobile Sales Tax
In addition to Stripe Connect, which provides everything marketplaces and platforms need to get users paid, Avalara will also integrate with Stripe Relay, which enables customers to buy merchants’ products directly within other mobile apps.
June 24, 2016
IRS Crowdsourcing Contest Winners Improve Taxpayer Experience
Winners of a crowdsourcing contest sponsored by the Internal Revenue Service were recently announced. “Tax Design Challenge” encouraged innovative ideas for the taxpayer experience of the future.
June 24, 2016
New Business Advisor Program Offers Free Tools to Accountants
Advisors can play a key role in helping entrepreneurs understand the importance of building, monitoring and maintaining strong business and personal credit scores to help their businesses grow. Nav's research has found that most small business ...
June 22, 2016
IRS Expands Electric Vehicle Tax Credit to 30 Cars, Including 3 Porsche Models
The IRS periodically updates the list of plug-in vehicles that are eligible for the credit. As complied by tax publisher Thomson Reuters, the following reflects the credit amounts for qualified vehicles manufactured by well-known companies, based on ...
June 22, 2016
CalCPA Education Foundation Gala To Celebrate 50 Years of Professional Learning
From initially offering books and classroom sessions for CPAs in California to producing high-definition webcasts and on-demand classes for CPAs across the country, the CalCPA Education Foundation has pioneered many advancements in continuing ...
June 21, 2016
Accounting Firm Tees Off For Charity, Donates $150K
CohnReznick raised and donated a total of $150,000 to the Special Operations Warrior Foundation (SOWF) and the Joe Torre Safe At Home Foundation.