January 22, 2014
Tips for Tackling Small Business Finances in 2014
Online accounting software maker Xero has released a new collection of critical tips and advice from accountants that is designed to help small businesses improve operations in 2014.
January 21, 2014
Printable Version of 2013 Income Tax Return – Form 1040 (Due April 15, 2014)
A printable version of the IRS Federal income tax return (Form 1040) can be viewed and printed from our website by clicking the download button at: http://cpapracticeadvisor.com/11297334.
January 20, 2014
What Small Businesses Need to Know About Health Care Tax Credit
Starting this year, the credit goes up to 50 percent for for-profit entities, and 35 percent for tax-exempt ones.
January 19, 2014
IRS Releases Documents on How it Treats Tax Exempt Political Groups
Responding to a Freedom of Information Act request, the IRS has released a series of documents, including training materials used by agents relating to how it recognizes and treats exempt organizations like nonprofits.
January 18, 2014
The Income Tax Return Race Begins for Free Filers
The IRS recently said that the 2014 tax filing season for individual returns won’t kick off until January 31, a delay of ten days due to the government shutdown last October. But taxpayers using the IRS’ Free File program can still get a head start.
January 18, 2014
Three Florida Men Plead Guilty to $7 Million Tax Refund Fraud, ID Theft
Three more suspects pleaded guilty in federal court in Miami Friday for their roles in a $7 million scheme that used the identities of dead people to file fraudulent income tax refund claims, U.S. Attorney Wifredo A. Ferrer said.
January 17, 2014
National Taxpayer Advocate Delivers 2014 “State of the IRS” Report
It isn’t quite as significant as the president’s State of the Union address, but National Taxpayer Advocate (NTA) Nina Olson released a new report to Congress on January 9 (IR-20140-3).
January 16, 2014
AICPA Supports Tax Administration Reform and Simplification
The American Institute of CPAs (AICPA) said in a letter today to Senate Finance Committee Chairman Baucus and Ranking Member Hatch that it “strongly supports the efforts by the Senate Committee on Finance on tax administration reform and simplification.”
January 15, 2014
Accounting Firm Finds $83K Embezzlement from Maine Furniture Store
BELFAST, Maine -- Following a 10-month police investigation, a 56-year-old Belfast woman has been charged in connection with the theft of $83,000 from her family's furniture store, where she worked at as a bookkeeper.
January 13, 2014
Top Tax Credits & Benefits for Members of the Military
Active duty and some reserve members of the U. S. Armed Forces deserve our nation's greatest respect and honor, and one of the minor things our country offers in return for their service are a few benefits when it comes to income taxes.
January 10, 2014
TY 2014 Federal Income Tax Tables and Rates
The IRS has released individual income tax rates for tax year 2014. This is for the tax year ending Dec. 31, 2014, which will be filed before April 15, 2015.
January 8, 2014
Catching Up with “Catch Me If You Can’s” Frank Abagnale
Abagnale was the subject of the movie "Catch Me if You Can," which portrayed his experiences from ages 16-21 as an impostor and check forger.