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.
August 14, 2015
7 Tips for Promoting Your Sales Tax Practice
By their nature, accountants often eschew promoting themselves and their services. For years we were told it was ethically improper to promote ourselves, but in the present day, it's very common for accountants to take the lead in self-promotion.
August 13, 2015
Tax Practitioners Call on Congress for Reforms – Want Their Rights Protected
To paraphrase the fictional newscaster Howard Beale (played by the late Peter Finch) in the classic movie Network, tax professionals are mad as hell and they’re not going to take it anymore.
August 13, 2015
IRS Warns of Latest Income Tax Scams and ID Theft Schemes
More than 4,000 victims who have collectively reported over $20 million in financial losses as a result of tax scams since October 2013.
August 13, 2015
College Accounting Degree Enrollments Hit All-Time High
The Trends report found optimism from both universities and firms that the growth of the accounting profession will continue. Ninety-seven percent of bachelor’s programs and seventy percent of master’s programs report that they expect their ...
August 13, 2015
Guide to Wealth Transfer Planning Highlights Estate Planning
Thomson Reuters has released of a special report, Estate Planning Portability is a Game-Change for Married Couples, to guide estate planners on the application of the portability provision, which allows a surviving spouse to inherit the deceased ...
August 13, 2015
Most CPAs Surveyed Had Tax Clients Affected by ID Theft
Resolving issue for clients with IRS often proved difficult, according to AICPA.
August 11, 2015
Florida Woman Accused of Stealing Coworker Identities to Go Shopping
Most victims had something in common: they were employees at Bethesda Hospital in Boynton Beach. Police said some of the victims said they knew Thaddies because she also worked at the hospital.
August 9, 2015
IRS Lacks Ability to Authenticate Foreign Documents for ITIN Applications
This audit was initiated because TIGTA received an IRS employee complaint referred from a Member of Congress alleging that the IRS’s ITIN application processes and procedures do not ensure that documents certified by a foreign issuing agency are ...
August 7, 2015
Tips to Get the Most Tax Benefit From Car Donations to Charity
In the past, donating cars to charity was a win-win situation for the donor and organization, even if you were giving away a lemon. All you had to do was arrange the pick-up or drop-off, refer to an auto-buying guide like the Kelley Blue Book (KBB) and th
August 7, 2015
Accounting and Tax Professionals Urge Congress to Pass Tax Practitioner Bill of Rights
The National Society of Accountants (NSA) has sent a letter to all Members of Congress urging them to enact legislation to support the “Tax Practitioners Bill of Rights,” which NSA issued on June 16, 2015.
August 4, 2015
Sales Taxes Across U.S. Rose Slightly in 2Q 2015
The U.S. average combined sales tax rate shrunk marginally in the second quarter despite a 30 percent increase in new local indirect taxes, according to the latest ONESOURCE Indirect Tax report from Thomson Reuters.
August 4, 2015
Hillary Clinton Releases Past Tax Returns with Eye on 2016 Election
If Hillary Clinton is elected president of the United States next year, she’s going to have to take a pay-cut. In an effort to provide greater transparency in her presidential bid, the Democratic frontrunner released eight years worth of tax returns on July 31, all of them joint returns filed with her husband, former President...…