January 24, 2014
Thomson Reuters has released a special retrospective report focused on the key tax developments that occurred during 2013, which included a major federal tax law as well as many significant new cases, regulations, rulings, and revenue procedures.
January 24, 2014
The Internal Revenue Service has announced the release of Revenue Procedure 2014-16, which modifies the procedures for obtaining the automatic consent of the Commissioner for certain changes in methods of accounting for amounts paid to acquire, produce, or improve tangible property.
January 24, 2014
A 32-year-old Macon woman faces 27 years in prison after stealing the identities of nursing home patients and filing a half-million dollars worth of fraudulent tax returns.
January 23, 2014
Tax season has always been a tempting time for many unsavory people to try to scam others. The addition of online self-preparation and identity theft has only made the problem worse.
January 22, 2014
In the aftermath of the data breach that potentially exposed the credit and debit card information for 80 million shoppers, Target sent out an official email stating that the company would offer one free year of credit monitoring through Experian.
January 21, 2014
The Financial Accounting Foundation (FAF) today released an updated print edition of the Financial Accounting Standards Board’s FASB Accounting Standards Codification, the single, authoritative source of U.S. Generally Accepted Accounting Principles (U.S. GAAP) for public and private companies and not-for-profit organizations.
January 21, 2014
Unless you’ve been living under a rock the last few years, you’re well-aware that the massive health care legislation known informally as “Obamacare” by both its detractors and proponents remains the law of the land.
January 20, 2014
I visited Arizona last summer, where the temperatures hit 119 degrees in the afternoon and didn’t much cool at night. They call it “dry heat.” I called it Apache Territory.
January 18, 2014
The IRS recently said that the 2014 tax filing season for individual returns won’t kick off until January 31, a delay of ten days due to the government shutdown last October. But taxpayers using the IRS’ Free File program can still get a head start.
January 18, 2014
Three more suspects pleaded guilty in federal court in Miami Friday for their roles in a $7 million scheme that used the identities of dead people to file fraudulent income tax refund claims, U.S. Attorney Wifredo A. Ferrer said.
January 16, 2014
A new foreclosure rescue scam promises to help distressed homeowners keep their homes through the use of a "securitization audit." "The only problem, according to investigative firm Mortgage Fraud Examiners: These "hucksters" are charging fees for information that's free to anyone for the asking, and knowing who owns the note won't save anyone's home."
January 15, 2014
The Ohio-based accounting and consulting firm Howard, Wershbale & Company, one of the top 200 accounting firms in the U.S., has announced that it is finished its rebranding as HW&Co.