Small Business June 26, 2026
Tax Court Doesn’t Horse Around in New Hobby Loss Case
After examining all the evidence, the Tax Court ruled that the activity doesn’t rise to the level of a business. Result: All the loss deductions are denied.
May 8, 2014
IRS Releases 2014 Form W-2
The IRS recently released new tax forms for Tax Year 2014, for which individuals will file by April 15, 2015.
May 8, 2014
Small Business Week: IRS Spotlights Healthcare Tax, Home Office Deduction
The IRS will be holding two free webinars for small businesses and encouraging them to check out several key tax benefits and a special relief program for employers who reclassify their workers as employees.
May 8, 2014
Bitcoin Goes Legit
One of the leading developers of online sales and use tax automation software has developed the first such system to support bitcoin and other virtual online currencies.
May 7, 2014
Understanding Compliance and Disclosure of Overseas Bank Accounts
Without a firm deadline in place from the IRS, U.S. citizens and resident aliens need to comply as soon as possible with the Offshore Voluntary Disclosure Program to avoid significant penalties and criminal prosecution.
May 7, 2014
Charitable Giving to Nonprofits Drops
A quarterly report on the amount that Americans donate to nonprofits shows a decrease in the first quarter of the year, following several months in which the giving rate had seen increases.
May 7, 2014
National Society of Accountants Offers Enrolled Agent Exam Review Course
The National Society of Accountants (NSA) is offering an intensive NSA Enrolled Agent Exam Review Course August 18-20, 2014, in Baltimore, Maryland.
May 6, 2014
Alliance Focuses on Helping Accounting Firms with State and Local Taxes
State and local taxes are a complex web of thousands of jurisdictional rules, and it isn't Charlotte waiting at the end of the web. Instead, there are revenue hungry state and local taxing authorities who are looking for back taxes, penalties and interest.
May 5, 2014
Most Tax-Exempt Entities Face May 15 IRS Deadline Or Could Lose Status
May 15 is the filing deadline for most tax-exempt organizations, and those who miss filing may risk the loss of their tax-exempt status.
May 5, 2014
Demand for Larger New Homes Increases
Today's new home buyers want larger dwellings with plenty of options, according to a panel of Maryland builders.
May 5, 2014
Report Shows Odds of Facing an IRS Audit for Individuals, Businesses
Although the actual risk is very low that most Americans will face an IRS audit of their taxes, the fear of that potential is a strong factor that keeps most taxpayers on the level, according to a new report from WalletHub, a financial management and information website for consumers.
May 4, 2014
Small Tax-Exempt Groups Reminded to File Form 990-N
Reminder for small tax-exempt organizations to file IRS Form 990-N annually to stay in compliance.
May 4, 2014
Is An MBA Degree Tax Deductible? It Depends
Suppose one of your clients has his or her sights set on obtaining an MBA or another advanced degree. Usually, it takes significant time and effort to achieve this goal, especially if the degree candidate is currently working on a full-time or part-time basis. But earning the degree could be well worth the “blood, sweat…