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.
August 19, 2015
Due to a little-noticed provision in the new highway appropriations bill signed into law on July 31 – the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 – the deadline for filing an FBAR (Report of Financial Bank and Financial Accounts) has been moved up from June 30 to April 15. But...…
August 19, 2015
The deadline generally applies to Form 2290 and the accompanying tax payment for the tax year that begins July 1, 2015, and ends June 30, 2016. Returns must be filed and tax payments made by Aug. 31 for vehicles used on the road during July.
August 18, 2015
Bloomberg BNA has released a new edition of Unclaimed Property, its Tax Management Portfolio providing in-depth analysis and practical insights from prominent practitioners on escheatment and unclaimed property laws.
August 13, 2015
To paraphrase the fictional newscaster Howard Beale (played by the late Peter Finch) in the classic movie Network, tax professionals are mad as hell and they’re not going to take it anymore.
August 13, 2015
More than 4,000 victims who have collectively reported over $20 million in financial losses as a result of tax scams since October 2013.
August 13, 2015
The Trends report found optimism from both universities and firms that the growth of the accounting profession will continue. Ninety-seven percent of bachelor’s programs and seventy percent of master’s programs report that they expect their ...
August 13, 2015
Resolving issue for clients with IRS often proved difficult, according to AICPA.