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.
October 15, 2013
Thomson Reuters Checkpoint Report Provides IRS Tax Guidance for Same-Sex Marriage
Thomson Reuters released a report on the IRS’s guidance on same-sex marriage following the Supreme Court’s ruling that struck down section three of the Defense of Marriage Act as unconstitutional.
October 15, 2013
CCH Offers Insight on Year-End Tax Planning and Government Shutdown
New tax and legal briefings from CCH, a part of Wolters Kluwer, are now available to help tax and accounting professionals prepare clients for potential impacts from the government shutdown as well as recent tax law changes.
October 15, 2013
State Debuts New Tax Form for Same-Sex Couples
The federal Internal Revenue Service had announced in August that it would allow same-sex couples to file as a married couple if they were married in a state that allows it, even if they live in a state that doesn't.
October 11, 2013
40 Arrested in Miami for $449M ID Theft, Tax Refund Fraud
Federal agents swept through South Florida this week to arrest about 40 people charged with the viral-spreading crimes of identity theft and tax-refund fraud.
October 11, 2013
Penn. Senate Considers Tax Break for Seniors
Pennsylvania's State Senate majority leader proposes freezing senior citizens' school property taxes and possibly paying for it by legalizing video lottery games.
October 11, 2013
U.S. City Leaders See Economic Improvement, But Still Wary
City officials across the country are beginning to see improvement in municipal finances, but they remain in the midst of a tenuous recovery from the recession according to a new report from the National League of Cities.
October 9, 2013
Florida Man Pleads Guilty in Job-Search Tax Scam
A Florida man pleaded guilty in federal court Tuesday in a scam that obtained identification information from people who thought they were applying for jobs and used it to file phony tax returns.
October 9, 2013
Little League, Youth Sport Embezzlement May Be Common
Parents involved in two Dallas-Fort Worth-area youth sport leagues were stunned recently to learn that women they trusted had been accused of stealing money from their kids' sports organizations.
October 9, 2013
Tax Analysts Pushes for Tax Law Transparency in Federal Court
Asks Court to Grant Access to Oral Arguments in Case Challenging Constitutionality of Colorado's Taxpayer Bill of Rights
October 9, 2013
Hey CPAs: Don’t Be Just Your Clients’ “Tax Guy”
Some of these accountants are suited for and satisfied with that role, but there are many others who recognize that the market demands a more proactive, advisory approach with clients.
October 8, 2013
Oct. 15 Tax Extension Deadline Stands, Despite Government Shutdown
The current lapse in federal appropriations does not affect the federal tax law, and all taxpayers should continue to meet their tax obligations as normal. Individuals and businesses should keep filing their tax returns and making deposits with the IRS, as required by law.
October 7, 2013
Will New Healthcare Laws Hurt the CPA-Client Relationship?
As this column goes to print, provisions of the Patient Protection and Affordable Care Act (also known as the “ACA,” or ObamaCare) will change accountants and tax preparers from “trusted advisors” to a more derogatory status: