January 10, 2013
Accountant explains why IRS delay will impact so many
We narrowly avoided going over the fiscal cliff earlier this month, but Congress' down-to-the-wire decision making has had an unsavory side effect.
January 9, 2013
Late start to tax season: IRS plans Jan. 30 opening day for 1040 returns, late Feb for more complex filers
Tax filing season to start Jan. 30, but late February for more complex returns
January 4, 2013
IRS expands eligibility for worker reclassification program
The IRS has announced a revision to its voluntary classification settlement program (VCSP) that provides partial relief from federal employment taxes for eligible taxpayers who agree to prospectively treat workers as employees.
December 12, 2012
What the 2013 Fiscal Cliff Means for Employers and Job Seekers – A Call to Action for Accountants
The "fiscal cliff" looms over the minds of business investors as Bush era tax cuts are scheduled to expire soon. Among other things, this could mean an increase of $2000 in income taxes for middle class families.
December 1, 2012
W-2 and 1099 Programs Make Year-End Reporting Easier
Every year, tax and accounting professionals and their clients are faced with the often daunting task of year-end wage and information reporting.
November 8, 2012
IRS Commissioner speaks to AICPA about his tenure
Doug Shulman, Commissioner of the IRS, will leave office Nov. 11, 2012, after five years in the office.
October 29, 2012
IRS to offer webinar about Registered Tax Return Preparer test
The Internal Revenue Service’s next IRS Live webinar, “Get Prepared: A to Z Details on the Registered Tax Return Preparer Test” is Wednesday, Oct. 31, at 2 p.m. Eastern Time.
October 17, 2012
New River Innovation Releases Web-based IRS Research Application—Beyond415Guidance
From Darren’s CPA Practice Advisor blog: My Perspective. Just this week, a new cloud-based IRS “research center” application was released to the tax and accounting profession—Beyond415 Guidance. The stand-alone app from New River Innovation offers practical and up-to-date guidance for resolving issues after tax filing. Product features include searchable guidance that covers individual, business, and...…
September 27, 2012
IRS Selects CCH to Provide Sales Tax Data
The IRS has selected CCH to provide sales tax rates and taxability tables for the eighth consecutive year.
September 10, 2012
Eight Small Business IRS Audit Areas to Watch Through 2013
The IRS has announced emerging or significant areas that it will prioritize for the coming year. When it comes to compliance, the IRS has increasingly focused on small business underreporting, which is responsible for 84% of the $450 billion tax gap.
August 31, 2012
IRS announces a multi-year effort to increase audits in flow-through entities
As tax season approaches, practitioners can expect the IRS to quickly expand its audit focus to flow-through entities, according to an IRS official.
July 10, 2012
Supreme Court Health Care Ruling and the IRS?
IRS Inside Blog: Ruling leaves questions on the IRS' role in implementing the individual mandate "tax"