March 25, 2015
It's no fun for tax professionals to fix client mistakes during an already busy tax season, so here are a few helpful tips you can pass along to your household employment clients to keep them on the right path year-round.
March 25, 2015
What are the top five issues facing Maryland CFOs, Controllers and management accountants? What is their outlook on their businesses? Maryland's economy? The US economy? How future ready are they?
March 23, 2015
Taxpayers still have time to decrease their 2014 taxes by contributing to an IRA. In most cases, doing so can help them qualify for a deduction or even a tax credit.
March 23, 2015
The AICPA has submitted a letter on March 19 to the Internal Revenue Service (IRS) and the Department of the Treasury recommending relief for surviving spouses who would like to elect portability of their deceased spouse’s unused estate tax exemption.
March 23, 2015
Special tax rules apply to military members on active duty and in the reserves, particularly those serving in combat zones. These can help lower federal taxes and make it easier to file tax returns.
March 19, 2015
First, to claim a charitable contribution deduction, donors must get a written acknowledgement from the charity for all contributions of $250 or more. This includes gifts of both cash and property.
March 19, 2015
For taxpayers who haven’t yet filed their taxes, the IRS has this advice: don’t panic. Taxpayers who need more time to complete their tax return can request an automatic six-month extension.
March 19, 2015
The Internal Revenue Service is reminding taxpayers who receive requests from the IRS to verify their identities that the Identity Verification Service website, idverify.irs.gov, offers the fastest, easiest way to complete the task.
March 18, 2015
Avalara has launched its new Avalara ExciseRates, a free fuel tax calculator that allows buyers and sellers of bulk fuel to quickly and accurately determine the excise taxes that apply to any bulk fuel transaction in North America.
March 18, 2015
The American Institute of CPAs (AICPA) has sent 34 legislative proposals to the top tax lawmakers in the U.S. Congress and Senate. The AICPA believes these proposals promote simplicity and fairness in the tax code, are generally noncontroversial and ...
March 17, 2015
The Internal Revenue Service and Free File Inc., also known as the Free File Alliance,have made a five year agreement to provide free, federal tax preparation software products for 70 percent of all taxpayers.
March 16, 2015
Sloppy record keeping is costing many of the smallest small businesses and individuals a lot of money when it comes to their taxes. How much? It's in the billions.