Taxes

March 25, 2014 

Taxpayers in Colorado who suffered property damage during last year's flooding are being given additional time to decide on when they will claim those losses against their taxes.

Accounting March 25, 2014 

From March 2014 - In open hearings of the House Financial Services Committee, representatives are putting a renewed focus on the dangers of America's increasing debt.

Isaac M. O'Bannon

March 24, 2014 

The California Department of Motor Vehicles is reporting a possible data security breach in its credit card processing services but said it had not yet found evidence that its computer system had been hacked.

March 24, 2014 

When it first became clear that tax preparers – including CPAs – would have to be the front line in implementation of the Affordable Care Act, I voiced a lot of concerns. I doubted it would be possible for accounting professionals to serve as both trusted advisors and health insurance sales people.

Dave McClure

March 24, 2014 

With the job market continuing to strengthen, unemployment fell to its lowest level in 51/2years in California last month. But for many government workers, who make up an oversized portion of Sacramento's economy, it still feels a lot like the economic recovery has barely begun.

March 24, 2014 

Both houses of the Legislature passed a bill Friday to cut income and sales taxes by $443 million over the next 15 months. Gov. Mark Dayton signed it as soon as it reached his desk Friday evening.

March 23, 2014 

The accounting profession has seen revolutionary change since 1974. Yet, even as the professionals at WithumSmith+Brown, PC (WS+B), Certified Public Accountants and Consultants, are knee-deep in 1120s and 1040s for this year's tax season, they will carve out a little time to help celebrate the firm’s 40th anniversary on March 21.

March 23, 2014 

View business due dates with the IRS's online tax calendar.

March 23, 2014 

There are strategies that these business owners can take to help alleviate many of these tax time woes, and a big one is by staying in more frequent contact with their accountant. That's according to a new nationwide survey of accounting professionals.

Isaac M. O'Bannon

March 23, 2014 

Fresh out of prison, two felons went to work for uncredentialed tax offices, using fraudulent deductions to create bigger tax refunds for clients.

March 22, 2014 

Effective March 11, 2014, the IRS approved e-signatures on Form 8879 through an online revision to Publication 1345.

March 20, 2014 

Many federal income tax breaks are reserved for low-income families – the earned income tax credit (EITC) instantly comes to mind – but that doesn’t mean that wealthier individuals can’t get their fair share of the pie.

Ken Berry, JD