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.
September 14, 2014
Travel & Entertainment: How to Stay Within Tax Boundaries for Temporary Assignments
[This is part of a series of articles on maximizing deductions for travel and entertainment (T&E) expenses.] Normally, you can’t deduct the cost of traveling between your home and your job, even though the travel is, in reality, business-related. The IRS considers “commuting” to be a nondeductible personal expense. However, if you qualify under the IRS’...…
September 12, 2014
How to Prepare for a Sales Tax Audit
The sales and use tax audit could possibly be one of the biggest challenges that your business clients will face. If you are working with a client who has been selected for an audit, you are now tasked with proving that the client remitted the correct amount of sales tax to the state Department of…
September 12, 2014
Are Your Clients Likely to Face a SALT Audit?
Historically, a business' gross revenues follow seasonal patterns and even a small change in gross revenue should result in a small change in the associated accounts. In an attempt to discover why one established contractor was selected for audit, I reviewed their sales tax filings and created the below table.
September 12, 2014
Bloomberg BNA Expands and Enhances Premier International Tax Library
Bloomberg BNA has made significant enhancements to its Premier International Tax Library, a comprehensive resource for international tax research that helps practitioners make more informed business decisions and provide value-added tax guidance.
September 12, 2014
Stagnant Salaries a Lingering Weak Spot for Job Market
The U.S. job market has steadily improved by pretty much every gauge except the one Americans probably care about most: Pay.
September 12, 2014
70% of Americans Support Marketplace Fairness, Online Sales Tax
Seven in ten Americans support legislation requiring sales-tax collection at the time of purchase, according to a poll of 1,016 U.S. consumers conducted for the International Council of Shopping Centers.
September 11, 2014
Bipartisan Representatives Urge Congressional Leaders to Save Cash Method of Accounting
A bipartisan majority of the U.S. House of Representatives – 233 members – have signed a letter urging the House leadership to preserve the cash method of accounting for tax purposes, writing that proposals requiring a transition to the accrual method ...
September 11, 2014
CPAs Challenge the IRS on PTIN Fees
First, a federal appeals court invalidated most of the regulations imposing continuing education and other regulatory requirements imposed by the IRS on tax return preparers (Loving, et al v. IRS, Civil Action 12-385 (JEB), U.S. Dist. Ct. DC, 1/18/13). .
September 10, 2014
IRS Direct Pay System Passes One Million Payments Made
With more than one million tax payments already processed this year through IRS Direct Pay, the Internal Revenue Service is encouraging taxpayers with upcoming tax payment deadlines to consider choosing this free online system to quickly and easily pay what they owe.
September 9, 2014
New IRS YouTube Videos Focus on Healthcare Reform, Tax Form Changes
The Internal Revenue Service has released several new YouTube videos to help taxpayers get important information about the Affordable Care Act and tax return filing.
September 9, 2014
Tax Professionals Sue the IRS to End PTIN Fees
A pair of Certified Public Accountants has filed suit against the Internal Revenue Service and the Treasury Department in an effort to stop the government from imposing fees on tax preparers (Preparer Tax Identification Number) and to recover fees, plus interest, that they and other preparers have paid in past years.
September 9, 2014
Conflicting Reports on IRS Tea Party Scandal Emphasize Partisan Divide
There’s a better chance of Democrats and Republicans agreeing to the winner in “America’s Got Talent,” than there is of ever reaching a consensus on the IRS’ handling of the applications for tax-exempt status made by right-leaning political groups.