March 27, 2015
The release of New York State Corporation Income Taxes After 2014 coincides with the 2015 effective date of the state’s comprehensive overhaul of its corporate income tax.
March 25, 2015
As you’re working through federal income tax returns of clients during the home stretch, you hold a veritable ace up your sleeve: the IRA contribution. For clients who qualify, a contribution made by the tax return due date – April 15, 2015 for ...
March 23, 2015
Taxpayers still have time to decrease their 2014 taxes by contributing to an IRA. In most cases, doing so can help them qualify for a deduction or even a tax credit.
March 23, 2015
Special tax rules apply to military members on active duty and in the reserves, particularly those serving in combat zones. These can help lower federal taxes and make it easier to file tax returns.
March 19, 2015
First, to claim a charitable contribution deduction, donors must get a written acknowledgement from the charity for all contributions of $250 or more. This includes gifts of both cash and property.
March 19, 2015
For taxpayers who haven’t yet filed their taxes, the IRS has this advice: don’t panic. Taxpayers who need more time to complete their tax return can request an automatic six-month extension.
March 18, 2015
The IRS is reminding taxpayers that it’s easier than ever to pay their taxes electronically, and for those who can’t pay on time, quick and easy solutions are available.
March 18, 2015
To help taxpayers, the American Institute of CPAs (AICPA) has provided a list of the most commonly-asked questions about the health insurance information reporting required by the Affordable Care Act on 2014 federal income tax returns.
March 18, 2015
The American Institute of CPAs (AICPA) has sent 34 legislative proposals to the top tax lawmakers in the U.S. Congress and Senate. The AICPA believes these proposals promote simplicity and fairness in the tax code, are generally noncontroversial and ...
March 17, 2015
The sheer volume of paperwork generated during a sale of a principal residence can be intimating. Much of the vital information is summarized on Form HUD-1, but the resulting tax consequences may still leave both buyers and sellers scratching their ...
March 17, 2015
The Internal Revenue Service and Free File Inc., also known as the Free File Alliance,have made a five year agreement to provide free, federal tax preparation software products for 70 percent of all taxpayers.
March 16, 2015
Sloppy record keeping is costing many of the smallest small businesses and individuals a lot of money when it comes to their taxes. How much? It's in the billions.