June 27, 2015
A contributing factor to the emotional impact of financial fraud or abuse is how often this situation involves family members. The most common types of elder financial abuse or fraud seen by CPA financial planners over the past five years were ...
June 23, 2015
There is a plan to push a package of these tax extenders earlier than usual this year and to make them permanent, once and for all. This will enable taxpayers, including both individuals and businesses, to plan accordingly.
June 23, 2015
School’s out for summer! While it’s a time for rest and recreation, many of your clients have teenaged children who will be working during the summer months. It teaches them about responsibility, work ethic and, not surprisingly, taxes.
June 22, 2015
In response to the ongoing frustration of dealing with slow service from the Internal Revenue Service (IRS), the Tax Practitioner Bill of Rights calls for the right to have tax laws and rules passed in a timely manner, the right to quality service ...
June 22, 2015
The Internal Revenue Service has released proposed regulations implementing a new federal law authorizing states to offer specially-designed tax-favored ABLE accounts to people with disabilities who became disabled before age 26.
June 18, 2015
Over the past nine years, CohnReznick’s outing has raised a combined total of more than $1.45 million for these two organizations through the firm's charitable outreach arms, the CohnReznick Foundation and the CohnReznick CARES initiative.
June 17, 2015
The IRS is making easier for taxpayers to calculate the optimal amount. On its website at www.irs.gov, you can find a withholding calculator that does all the grunt work for you. All you have to do is go through several simple steps and enter the ...
June 17, 2015
Taxpayers are all smiles when they are able to sell their principal residence at a sizeable gain and avoid any tax liability. Under the home sale exclusion, they can generally exclude up to $250,000 of gain from tax or $500,000 if they are married and ...
June 16, 2015
Congress created Empowerment Zones in 1993. Most zones had an expiration date of Dec. 31, 2009. This is the third extension of the expiration date.
June 11, 2015
The IRS convened a Security Summit on March 19 with the chief executive officers and leaders of private sector firm and federal and state tax administrators to discuss emerging threats on identity theft and expand existing collaborative efforts ...
June 11, 2015
Earlier this month, Sage today launched the Sage Foundation, which it hopes will lead "Corporate Compassionate Capitalism" around the world.
June 11, 2015
Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.