June 15, 2014
A tax news source has sued California's Franchise Tax Board for refusing to disclose the documents it uses to decide whether to combine the incomes of two related companies and how to calculate their taxes.
June 15, 2014
A Twin Cities woman has pleaded guilty to dodging income taxes for many years in connection with her family excavation and sewage treatment business, when she claimed she and her husband were not U.S. citizens but permanent residents of the "Kingdom of Heaven."
June 13, 2014
When it comes to acquiring new technology, it’s difficult to stomach a hefty capital expense hit. This is especially true if you fear the technology you’re purchasing for your business may become obsolete in just a matter of years.
June 12, 2014
The School of Graduate and Professional Studies at New England College has but together an infographic that offers an easy go-to guide for businesses on what’s legal and what’s illegal when it comes to managing their business through the year and when preparing for their taxes.
June 10, 2014
The Internal Revenue Service has created a "Taxpayer Bill of Rights" that will become a cornerstone document to provide the nation's taxpayers with a better understanding of their rights.
June 10, 2014
Thomson Reuters has launched its next generation online tax research system, Checkpoint Catalyst, which features multi-jurisdictional content, embedded tools and an enhanced search engine. Catalyst is built on the Checkpoint platform, and is designed to help tax professionals more quickly find research results.
June 9, 2014
With less than a month to go, California businesses are eager to qualify for a new state income tax credit. The "California Competes" program, administered by the state Office of Business and Economic Development, is handing out $30 million to encourage companies to grow here and not leave the state. The pot will expand to…
June 5, 2014
It all has to do with the current tax rules for business entertainment. To be deductible as entertainment that is “associated with” your business, the activity must take place immediately before or after a substantial business discussion. Usually, this means the discussion has to be on the same day as the entertainment, but it could…
June 5, 2014
Imprisoned former Rep. Jesse Jackson Jr.'s projected release date is now Sept. 20, 2015, more than three months earlier than listed previously, federal officials confirmed Monday.
June 5, 2014
The Internal Revenue Service (IRS) has not made enough progress in reducing improper payments of Earned Income Tax Credits (EITC), according to a new report by the Treasury Department agency that oversees the nation's tax collectors.
June 5, 2014
The U.S. Department of the Treasury and Internal Revenue Service (IRS) have issued final guidance specifying that a wide range of benefits and services provided by Indian tribal governments qualify for the general welfare exclusion from income. These include programs for housing, education, cultural and religious purposes, and the elderly and disabled, among others.
June 5, 2014
Based on data from 4,138 organizations that raised more than $13 billion in the prior 12 months, The Blackbaud Index reported that overall charitable giving grew 1.3 percent for the three months ending April 2014, as compared to the same period in 2013.