May 7, 2014
National Society of Accountants Offers Enrolled Agent Exam Review Course
The National Society of Accountants (NSA) is offering an intensive NSA Enrolled Agent Exam Review Course August 18-20, 2014, in Baltimore, Maryland.
May 5, 2014
Most Tax-Exempt Entities Face May 15 IRS Deadline Or Could Lose Status
May 15 is the filing deadline for most tax-exempt organizations, and those who miss filing may risk the loss of their tax-exempt status.
May 5, 2014
Report Shows Odds of Facing an IRS Audit for Individuals, Businesses
Although the actual risk is very low that most Americans will face an IRS audit of their taxes, the fear of that potential is a strong factor that keeps most taxpayers on the level, according to a new report from WalletHub, a financial management and information website for consumers.
May 4, 2014
Small Tax-Exempt Groups Reminded to File Form 990-N
Reminder for small tax-exempt organizations to file IRS Form 990-N annually to stay in compliance.
April 27, 2014
10 Mid-Year Tax Tips for Individual Taxpayers
Now that this year’s tax filing season for individuals is over, it’s time to concentrate on saving taxes in 2014. All too often, professional tax advisors don’t reach out to their clients until the very end of the year when it might be too late for them to implement meaningful tax planning strategies. Break up…
April 24, 2014
Contribution Limits Raised for Health Savings Accounts
The Internal Revenue Service has increased the annual limitation on deductions for Health Savings Accounts for 2015, the agency announced on Wednesday.
April 23, 2014
IRS Employees with Tax and Conduct Issues Received Bonuses
According to a new report by the watchdog agency that oversees it, an award program for Internal Revenue Service (IRS) employees honored some less than honorable staff.
April 23, 2014
Senate Bill Aims to Fix IRS Farm Equipment Expense Change
United States Senators John Hoeven, R-N.D., and Maria Cantwell, D-Wash., have introduced a bill to modify new IRS rules they say make it too difficult for family farmers and small business owners to deduct equipment repair and supply expenses.
April 22, 2014
Former NY Doctor Gets 8 Years for $36M IRS Scam
A former Potsdam orthodontist was sentenced Monday to more than eight years in federal prison for trying to cheat the Internal Revenue Service out of $36 million.
April 21, 2014
Early Discount Offered for 2014 IRS Tax Forums
Registration for the 2014 IRS Nationwide Tax Forums is now open for enrolled agents, certified public accountants, certified financial planners and other tax professionals. Those who sign up by the pre-registration date will save $130 per attendee off the on-site price.
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…
April 15, 2014
What Taxpayers Should Do if They Missed the April 15 Deadline
It's the day after, and for some American taxpayers, there may be a lingering question... What can they do if they missed yesterday's April 15 deadline to file their income tax return and also didn't file an extension.