February 22, 2013
The Internal Revenue Service reminds taxpayers who converted amounts to a Roth IRA or designated Roth account in 2010 that in most cases they must report half of the resulting taxable income on their 2012 returns.
February 22, 2013
Half of the construction workers in Texas are undocumented, according to a new report by an Austin immigrant rights group and University of Texas researchers that surveyed nearly 1,200 workers throughout the state.
February 22, 2013
Wal-Mart Stores Inc. beat expectations for its most recent fiscal quarter, but the world's largest retailer is now warning that higher payroll taxes, income tax refund delays and lofty gas prices will cause stagnant sales during the current quarter.
February 22, 2013
A convicted Miami-Dade drug trafficker unemployed for the past decade discovered how to make a quick buck, cashing $12 million in fraudulent tax-refund checks over five months last year, authorities say.
February 22, 2013
A new online resource center has been launched to help Ohio businesses and individuals stay apprised of the significant tax changes and financial implications proposed by Ohio Governor John Kasich's biennial budget bill (House Bill 59).
February 22, 2013
The National Association of Enrolled Agents has issued the following statement on how the Affordable Care Act, aka ObamaCare, will affect small businesses:
February 21, 2013
Florida ranks first in stolen identity tax refund fraud, a problem so pervasive it's now known as SIRF.
February 21, 2013
The rate of annual wage growth for private sector workers is expected to show little, if any, change in the coming months.
February 21, 2013
Survey shows Americans blame IRS for tax ID theft, instead of themselves for lax precautions.
February 20, 2013
During the past decade, the IRS has gotten more business-like about the taxpayers they select to audit. Like all smart businesses, the IRS wants to turn a profit these days. Currently, tax returns are selected for audit based on the chance that the IRS will find enough errors or missing income to generate additional taxes…
February 19, 2013
According to a survey by the Texas Credit Union League (League), 65.6 percent of Texans who participated in a recent League survey said they plan to use their tax refund to pay off debt. Similarly, 45.9 percent of Texans plan to use their refund to jump start their savings.
February 19, 2013
ATX has long been a popular professional tax preparation system for small and mid-sized tax preparers, but this year many of these professionals have been less than pleased with the new version of the program.