February 9, 2015
AICPA Urges Senate to Act on International Income Tax Treaties
The nation's largest organization of accounting and tax professionals is urging the Senate to approve income tax treaties between the U.S. and various countries.
February 8, 2015
TurboTax Back Online After Questions About Fake State Tax Returns
TurboTax was forced to suspend electronic filing of all state income tax returns on February 5 after more than a dozen states sounded alarms about criminal hacks. However, it turns out that the program was not hacked.
February 6, 2015
7 Staff Management Tips for the Busy Season
Tax season is tough on everyone, but managers need to make a special effort to watch out for the well-being of their teams. It’s critical to prevent burnout and disengagement from jeopardizing morale and productivity.
February 5, 2015
IRS Creates Online Directory of Tax Preparers
The has launched a new, online public directory of tax return preparers. This searchable directory on IRS.gov will help taxpayers find a tax professional with credentials and select qualifications to help them prepare their tax returns.
February 5, 2015
IRS Warns Taxpayers of New Fuel Tax Credit Scam
The fuel tax credit is generally limited to off-highway business use or use in farming. Consequently, the credit is not available to most taxpayers. But yet, the IRS routinely finds unscrupulous preparers who have enticed sizable groups of taxpayers ...
February 4, 2015
New Search Features Added to Bloomberg BNA Tax & Accounting Center
Bloomberg BNA has released new search enhancements to the Bloomberg BNA Tax & Accounting Center. The new features, called Links and Pages, are designed to help tax practitioners directly access key tax topics, tax summaries of key ...
February 4, 2015
KPMG Tax Partner Authors New Book: “Tax Compliance and Reporting for Hedge Funds and Their Investors”
KPMG Tax partner Joseph Pacello has authored a new book, titled "Tax Compliance and Reporting for Hedge Funds and Their Investors," that provides a detailed look at tax compliance and reporting issues for professionals responsible for tax compliance ...
February 3, 2015
Misplaced SSA-1099 Forms Can Be Replaced Online
The U.S. Social Security Administration has announced that new online services include the ability to quickly and easily get a replacement form SSA-1099 within minutes.
February 3, 2015
IRS Targets Tax Shelter Abuses, Misuse of Trusts
The Internal Revenue Service is targeting abusive tax shelters and structures it says some Americans use to avoid paying taxes. The agency says the problem has been a lingering issue, and so it has been added to the annual list of tax scams known as the “
January 29, 2015
Checklist Helps Tax Professionals Keep Track of Healthcare Law Reporting Requirements
The 1040 Checklist for Determining Minimum Essential Health Insurance Coverage was developed by the tax experts at Thomson Reuters and focuses on two new reporting requirements that will figure prominently on many 2014 Form 1040 returns: The premium tax c
January 29, 2015
How to Get a Charitable Tax Deduction Without Donating Anything
It’s very rare in the tax world when you can “get something for nothing.” But that’s essentially what happens when a real estate owner donates a qualified conservation easement to charity. In essence, the property owner is merely agreeing to keep the land
January 29, 2015
New Report Focuses on Capitalizing or Deducting Expenditures under Tangible Property Regs
Thomson Reuters Checkpoint has released a special report, Capitalizing or Deducting Expenditures under the Tangible Property Regulations. The report is intended to help guide tax practitioners in determining which expenditures on tangible properties ...