February 3, 2014
Real Estate Professionals Optimistic on Home Sales Growth
Home sales increased in December, and housing professionals say the market is moving in the right direction. Residential building permits also rose for the year just ended.
February 3, 2014
Ohio Ranks Among Worst for Personal Finances
Financial security remains elusive for almost half of Ohio households, which often are one medical issue, pink slip or other crisis away from plunging into severe poverty, according to a new report from the Corporation for Enterprise Development.
January 31, 2014
The NFL is Tax-Exempt? Congressman Seeks Change in Tax Law
On the Wednesday before Super Bowl XLVIII between the Seattle Seahawks and the Denver Broncos, some in Congress question whether the league that runs the most-watched American sport, which generates as much as $9 billion in revenue each year, is deserving of its nonprofit, tax-exempt status.
January 31, 2014
Tax season scams that tax preparers need to worry about
The last thing you need in the middle of tax season is to be hit by scammers trying to plant malware on your computer and force you to make payments to them.
January 31, 2014
New Hampshire Considers Taxing Nonprofit Hospitals
An analysis of charity care at the state's 24 nonprofit hospitals, conducted in cooperation with the New Hampshire Hospital Association, shows that hospitals here are more charitable than the national average and less profitable, although there are wide variations from one New Hampshire hospital to another.
January 29, 2014
Common Financial Scams Target Seniors
A 75-year-old Aiken, South Carolina woman on recently wired her grandson $1,300 for bond after he was arrested in Mexico for drug possession. The only problem is, it wasn't her grandson -- it was a scammer cheating the woman out of money.
January 28, 2014
How Accounting Firms Can Protect Against Identity Theft
In the wake of the recent identity theft of some 40 million accounts from retail merchant Target, and the potential for massive theft from the health care exchanges set up under the Patient Protection and Affordable Care Act (ACA), consumers are again left bewildered -- and looking for someone to take the lead in crafting…
January 27, 2014
H&R Block Stops Income Tax Ads on Dollar Bills After Complaints
The tax preparation company has been handing out real dollars bearing its marketing message for this year's tax season. There's a toll-free phone number to call Block, a Web address and even a footnoted disclaimer that not everyone gets a tax refund.
January 24, 2014
Special Report Looks at Major Tax Changes of 2013
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
IRS Modifies Automatic Consent Rule for Method of Accounting
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
Georgia Woman Guilty of Tax ID Theft at Nursing Home
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
IRS and Tax Professionals Warn of Tax Scams & ID Theft
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.