Taxes October 23, 2026
Americans Once Distilled Liquor at Home. Could a Court Fight Bring the Tradition Back?
The legal question at the center of two court cases is how far Congress’ power to collect federal alcohol taxes extends.
January 31, 2014
Tax season scams that tax preparers need to worry about
The last thing you need in the middle of tax season is to be hit by scammers trying to plant malware on your computer and force you to make payments to them.
January 31, 2014
New Hampshire Considers Taxing Nonprofit Hospitals
An analysis of charity care at the state's 24 nonprofit hospitals, conducted in cooperation with the New Hampshire Hospital Association, shows that hospitals here are more charitable than the national average and less profitable, although there are wide variations from one New Hampshire hospital to another.
January 30, 2014
IRS Announces New Members for Reporting Program Committee
The Internal Revenue Service has announced the selection of seven new members for the Information Reporting Program Advisory Committee (IRPAC)
January 30, 2014
Keeping SSNs and TINs Secure is Critical
As the IRS struggles to curb rising tax-identity theft rates, business tax e-filing service efile4biz.com is protecting its users by taking every possible precaution to keep stored data from falling into the wrong hands.
January 29, 2014
How to Avoid Overpayments and Underpayments on W-2s
Now is a great time to sort out any anomalies that could complicate year-end and W-2 processing. And two of the most common are overpayments and repayments.
January 29, 2014
Common Financial Scams Target Seniors
A 75-year-old Aiken, South Carolina woman on recently wired her grandson $1,300 for bond after he was arrested in Mexico for drug possession. The only problem is, it wasn't her grandson -- it was a scammer cheating the woman out of money.
January 28, 2014
IRS Proposes Fines For Non-Compliance With Health Insurance Mandate
Most U.S. taxpayers must secure health insurance coverage this year whether they want to or not. But the IRS and Treasury Department have clarified several exceptions to the rules in new proposed regulations relating to the health insurance mandate for individuals.
January 28, 2014
How Accounting Firms Can Protect Against Identity Theft
In the wake of the recent identity theft of some 40 million accounts from retail merchant Target, and the potential for massive theft from the health care exchanges set up under the Patient Protection and Affordable Care Act (ACA), consumers are again left bewildered -- and looking for someone to take the lead in crafting…
January 27, 2014
Deadline for Forms W-2 and 1099 is on Friday, Jan. 31
Those who paid regular employees or used a contractor for more than $600 in work have until Jan. 31, 2014, to provide the appropriate wage and income reporting form – a W-2 or 1099-MISC – to all recipients. For those who procrastinate, sorting through the various IRS reporting requirements at the last minute can make…
January 27, 2014
H&R Block Stops Income Tax Ads on Dollar Bills After Complaints
The tax preparation company has been handing out real dollars bearing its marketing message for this year's tax season. There's a toll-free phone number to call Block, a Web address and even a footnoted disclaimer that not everyone gets a tax refund.
January 24, 2014
Special Report Looks at Major Tax Changes of 2013
Thomson Reuters has released a special retrospective report focused on the key tax developments that occurred during 2013, which included a major federal tax law as well as many significant new cases, regulations, rulings, and revenue procedures.
January 24, 2014
IRS Modifies Automatic Consent Rule for Method of Accounting
The Internal Revenue Service has announced the release of Revenue Procedure 2014-16, which modifies the procedures for obtaining the automatic consent of the Commissioner for certain changes in methods of accounting for amounts paid to acquire, produce, or improve tangible property.