Income Taxes

Featured Articles

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November 12, 2014 

Legal Marijuana, Taxes and Accounting

It seems too early to make any sweeping financial generalizations based on such a short history. Nor am I interested in gauging the social impacts of marijuana legalization, which is both emotionally charged and unlikely to be resolved soon.

Dave McClure

 Sales Tax Is About to Take Center Stage

November 7, 2014 

Sales Tax Is About to Take Center Stage

Once the elections are over, we expect Congress will finally get busy focusing on sales tax legislation. But that's only part of the excitement here at the magazine. It's that time of year when accountants have a bit of time to spare before they ...

Gail Perry

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November 5, 2014 

How to Make Sure Your 1099 Misc Forms are Correct

The most frequent use of 1099-MISC is for reporting payments for services to independent contractors, and it is possible to receive more than one 1099-MISC if a recipient performed work for several business entities.

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November 5, 2014 

2014 Review of SurePrep 1040SCAN

The value of 1040SCAN increases with the size of your organization and the complexity of your returns. The modular approach to their products facilitates using this in small practices as well. If you are serious about automating your tax preparation ...

John Higgins

 2014 Review of CCH ProSystem fx Scan

November 5, 2014 

2014 Review of CCH ProSystem fx Scan

ProSystem fx Scan works best when it is used in conjunction with ProSystem fx Tax and the other paperless applications from Wolters Kluwer CCH. However, ProSystem fx Scan can be used on a stand-alone basis, so it has appeal for virtually any tax practice.

John Higgins

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November 5, 2014 

2014 Reviews of Tax Document Automation Systems

Life can be funny. There are times when no matter how much we are told something is bad for us, we often ignore the message and continue down our current path. Whether it is smoking cigarettes, excessive drinking, texting while driving, you name it...

 Higher Education Tax Breaks Aren’t as Easy As 1-2-3

November 4, 2014 

Higher Education Tax Breaks Aren’t as Easy As 1-2-3

Prior to 2014, parents could generally claim one of three sizeable tax breaks for higher education expenses on their personal tax returns: the tuition deduction, the American Opportunity Tax Credit (formerly the Hope scholarship credit) or the Lifetime Le

Ken Berry, JD