Income Taxes

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April 21, 2014 

2014 Review of Intuit Tax Online

Intuit Tax Online is an Internet-based tax solution with a fixed, all-inclusive pricing structure. Intuit Tax Online provides a streamlined interface to process simple returns through an anytime, anywhere platform. New for the current release is a streamlined interface and a new mobile app that may be downloaded by clients.

Steven M. Phelan

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April 21, 2014 

2014 Review of CCH Small Firm Services – TaxWise

TaxWise is a tax solution provided by CCH Small Firm Services. Intended for use by sole-practitioners, to firms with 10 or fewer staff, the solution is focused on quick data entry. TaxWise offers several unique features including bilingual forms and inclusion of CCH US Master Tax Guide in several of its pricing options.

Steven M. Phelan

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April 21, 2014 

2014 Review of CCH Small Firm Services – ATX

ATX is a tax solution provided by CCH Small Firm Services with a primary focus on function and value, with bundle options that include tax compliance, research, payroll compliance and document management tools for tax professionals. New for the current year are integration points with PortalSafe, an online portal solution and an improved print manager.

Steven M. Phelan

 Minnesota Tightens Tax Rules on Residency

April 18, 2014 

Minnesota Tightens Tax Rules on Residency

Attempting to establish residency elsewhere -- especially in such states as Nevada, Texas and Florida that have no income or estate tax -- is not a new strategy for wealthy Minnesotans. But the creation of the new, higher top income bracket has raised the stakes.

 Wisconsin Gov. Signs Bipartisan Ag Business Tax Law

April 18, 2014 

Wisconsin Gov. Signs Bipartisan Ag Business Tax Law

A new Wisconsin law expanding tax exemptions for updating agricultural businesses such as feed mills "essentially levels the playing field for local companies and farmers," said Senate co-sponsor Jennifer Shilling, D-La Crosse.

 Tax Refunds Up and More Americans Filing on Home Computers

April 16, 2014 

Tax Refunds Up and More Americans Filing on Home Computers

Even with the 10-day delay to this year's income tax filing season, the IRS has issued more in tax refunds compared to this point last year and more U.S. taxpayers used their home computers to file their returns, according to a report published today by the Treasury Inspector General for Tax Administration (TIGTA), which oversees…

Isaac M. O'Bannon

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April 15, 2014 

April 15 – Failing to File Taxes Can be Painful

By law, the IRS can assess penalties to taxpayers for failing to file a tax return and for failing to pay taxes. But the failure-to-file penalty is generally higher than the failure-to-pay penalty.