September 24, 2013
Minnesota Vikings Owners Lose $84.5M Fraud Judgment
A New Jersey judge slapped the Minnesota Vikings owners Monday with an order to pay $84.5 million in damages to former partners they defrauded in a decades-old real estate deal.
September 23, 2013
Congress Releases Goals of Potential Internet Sales Tax Law
On Thursday, the House Judiciary Committee released basic principles pertaining to the issue of Internet sales tax. To develop these principles, the Committee received input directly from taxpayers, industry and trade groups, and representatives of state and local governments.
September 19, 2013
New Tax Incentives Focus On Attracting Business to New Jersey
New Jersey Governor Chris Christie on Wednesday signed into law a bill overhauling the state's tax incentive programs, touting the measure as a bipartisan achievement that would enable New Jersey to better compete for business.
September 18, 2013
Swiss Banks to Turn Over Info on U.S. Accounts
The Tax Division of the U.S. Department of Justice has announced an agreement with Switzerland that would permit all but a few Swiss banks to avoid criminal prosecution by paying substantial fines and turning over information on accounts held by American clients.
September 17, 2013
IRS gives tax relief to businesses and individuals affected by Colorado flooding
The Internal Revenue Service is providing tax relief to individual and business taxpayers impacted by severe storms, flooding, landslides and mudslides in Colorado.
September 16, 2013
Despite Threat of Fraud, Most SMB Owners Fail on Security
National Survey Shows Small Businesses Show Less Concern Until They Become Victims Themselves
September 12, 2013
Poll Finds that Financial Fraud is Widespread in U.S.
Financial fraud is widespread in America, with more than four of five people in a new poll saying they've been targeted by scammers in one form or another.
September 12, 2013
What Would You Ask a Former IRS Auditor?
Do all IRS agents think that all taxpayers selected for audit are cheating on their taxes?
September 10, 2013
New Cloud Solution Helps Detect and Deter Bribery and Corruption
In response to customer demand and increased regulatory scrutiny and enforcement, ACL has launched a new Anti-Bribery and Anti-Corruption Solution.
September 8, 2013
Income Tax Planning Takes More than a Magic 8-Ball
On the conference room shelf of a CPA’s office I visited recently, I noticed a Magic 8-Ball with the label “free tax answers.” When turned, the die floating in colored liquid inside the ball presses against the window to reveal an affirmative, negative, or non-committal answer such as “cannot predict now.”
September 6, 2013
AICPA to Congress: Provide IRS with Sufficient Funds to Perform Its Duties
The American Institute of CPAs is urging Congress to provide the Internal Revenue Service with “sufficient” funds to perform its duties.
August 29, 2013
IRS to Recognize Same-Sex Marriages
The Internal Revenue Service and the U.S. Department of the Treasury today ruled that same-sex couples will be treated as married for federal tax purposes, as long as they were legally married in jurisdictions that recognize their marriages.