January 15, 2013
2013 federal income tax tables released
The IRS has released the 2013 federal income tax tables, which include annual inflation adjustments.
January 15, 2013
Massachusetts business owner pleads guilty to $2M IRS fraud
A Massachusetts man was convicted today of defrauding the Internal Revenue Service out of nearly $2 million by lying on corporate tax forms about how many workers he employed, according to the U.S. Attorney's Office.
January 14, 2013
Connecticut couple charged with evading taxes for 18 years
A husband and wife from Brooklyn, Conn., have been charged by federal prosecutors with conspiracy to defraud the Internal Revenue Service and four counts of tax evasion.
January 11, 2013
National taxpayer Advocate focuses on tax reform, ID theft, IRS funding
The IRS's National Taxpayer Advocate Nina E. Olson released her 2012 annual report to Congress on Wednesday, identifying the need for tax reform as the overriding priority in tax administration.
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...…