September 9, 2015
Assuming the client meets all the requirements of Section 121 and the gain doesn’t exceed the allowable limits, the federal income tax bill is zero. Right? Not always. As a new case handed down by the Eighth Circuit Court illustrates, a taxpayer may ...
September 9, 2015
Ideal for small to mid-sized firms, Lacerte Tax Planner, from Intuit, offers an easy to use tax planning product that is well suited for those looking for a stand-alone product, as well as those wishing to integrate with other Intuit financial products.
September 2, 2015
Bloomberg BNA has published a complimentary new white paper, Special Report on §199 Domestic Production Activity Regulations. The special report analyzes the long-awaited new proposed, temporary, and final regulations issued by the Internal Revenue Servi
September 2, 2015
Oregon can now support e-filing and online payment of motor fuel tax returns and refunds for thousands of companies doing business in the state. The system also helps simplify reporting of city and county fuel taxes by consolidating 15 different tax ...
September 2, 2015
Weston had her own tax practice firm in Austin, Texas before she joined the AICPA in 2013 as senior technical manager of taxation. She has spent 20 years in public accounting.
September 1, 2015
The IRS’s processing of tax returns that reported or claimed Premium Tax Credits (PTC) during the 2015 filing season was challenged by delays in receiving data from some Health Insurance Marketplaces (Exchanges), according to ...
September 1, 2015
Who can you trust with sensitive personal information like your Social Security number (SSN) and tax return data? Evidently, not even the people who used to work at the IRS. In a new case, a former IRS employee was sentenced on August 26 to two years ...
September 1, 2015
Over the past four fiscal years (2011 through 2014), the IRS has received approximately $114 million in proceeds from the sale of seized taxpayer assets. This audit was initiated to analyze the IRS’s seizure and sale program to determine whether the ...
August 28, 2015
Donald Trump, the billionaire frontrunner for the Republican Party’s nomination for president in 2016, says he wants to cut taxes for the middle class. And if that ends up increasing the tax burden for the wealthiest Americans, including himself, so be it
August 28, 2015
Here is a list of the top regulatory issues that impacted businesses this summer and will continue to have an effect in the year ahead, according to Paychex, a provider of payroll, human resource, insurance, and benefits ...
August 26, 2015
The IRS needs to lose this case for the callous way they disregarded the importance of safeguarding taxpayer information from data thieves, and because it would finally set a legal precedent for organizations to be held fiscally responsible for losses ...
August 24, 2015
The system includes a new web-based interface and more search options and the ability to receive automatic delivery of access links to the latest sales tax rates, helping provide accurate sales and use tax rates when and where they are needed.