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.
December 15, 2015
The Worst Tax Penalties and How to Help Your Clients Avoid Them
There is one tax saving approach we can always assist our clients with, and that is educating them about tax penalties. What follows is a list of the most punitive tax penalties along with simple tips on making sure your clients are never ...
December 13, 2015
What Small Businesses Need to Know About Obamacare in 2016
As small businesses try to keep talent within the organization and compete with larger companies that offer health insurance, it’s essential that all understand exactly what Obamacare means to small businesses.
December 13, 2015
IRS Criminal Investigations Report Shows Focus of Agency’s Law Enforcement Side
CI investigates potential criminal violations of the Internal Revenue Code and related financial crimes in a manner to foster confidence in the tax system and compliance with the law. The 50-page report summarizes a wide variety of IRS CI activity ...
December 11, 2015
New Privacy Concerns with ACA Reporting for Businesses with 50+ Employees
Starting this filing season, reporting is mandatory for any company with at least 50 full-time equivalent (FTE) employees.
December 11, 2015
Businesses Face Up to $1 Million Fine for Failure to File W-2s and 1099s
This summer, the IRS increased penalties for failure to file correct information returns and failure to provide correct payee statements for information returns filed after December 31, 2015, with maximum penalties on small businesses increasing from ...
December 11, 2015
ADP Testing New W-2 Verification Code to Fight Tax ID Theft
For selected clients, ADP will include the Verification Code in a designated box of the 2015 Forms W-2 issued to its clients’ employees. ADP will generate the alphanumeric code based on select data elements on each Form W-2, and an algorithm provided ...
December 10, 2015
Kill Bill Platform Certified as Avalara Sales Tax Partner
As a result of this partnership, customers of Kill Bill now have access to AvaTax, Avalara’s cloud-based solution, to automatically calculate the final sales tax amount on every invoice. This eliminates the tedious work and complexity of calculating ...
December 10, 2015
CCH CodeConnect Offers Additional Tax Research Expertise
CCH CodeConnect maximizes efficiency and saves valuable time by pinpointing specific answers, identifying practical guidance and offering relevant practice tools and decision aids relating to federal tax law content within the expansive CCH ...
December 9, 2015
Congress to Tax Debtors: Let Me See Your Passport
Are your federal income taxes overdue? You could lose your passport if you try to leave the country – even if you’re just taking a vacation or business trip abroad.
December 9, 2015
AICPA Objects to New Bill to Regulate Income Tax Preparers
The new bill was proposed after a prior regulatory program was successfully challenged in court by unlicensed tax return preparers (Loving, et. al. v. IRS, CA- D.C., No. 13-5061, 2/11/14). Subsequently, the IRS instituted a voluntary program.
December 8, 2015
Congress Considers Regulating Tax Preparers
The bill follows close on the heels of the IRS’ release of the Dirty Dozen list of tax scams for 2015 warning of of “dishonest preparers who set up shop each filing season to perpetrate refund fraud, identity theft and other scams that hurt taxpayers.”
December 8, 2015
New Program Helps Accounting Firms Specialize in Sales & Use Tax Compliance
One of the key features of the program, announced here at CPA.com’s Digital CPA Conference, is a single accountant console where firms can monitor client sales and use tax compliance from tax calculation to returns generation and form filing.