February 21, 2013
Tax ID Theft: More than half of consumers believe the IRS is responsible
Survey shows Americans blame IRS for tax ID theft, instead of themselves for lax precautions.
February 20, 2013
Tax professionals offer tips to avoid IRS audits
During the past decade, the IRS has gotten more business-like about the taxpayers they select to audit. Like all smart businesses, the IRS wants to turn a profit these days. Currently, tax returns are selected for audit based on the chance that the IRS will find enough errors or missing income to generate additional taxes…
February 19, 2013
Survey says 65.6% of Texans plan to pay down debt with their tax refunds
According to a survey by the Texas Credit Union League (League), 65.6 percent of Texans who participated in a recent League survey said they plan to use their tax refund to pay off debt. Similarly, 45.9 percent of Texans plan to use their refund to jump start their savings.
February 18, 2013
Thomson Reuters sees globalization, commoditization and generational shifts as key issues facing CPAs and small business clients
At Thought Leader Symposium, Thomson Reuters seeks insight and perspective on future of accounting firm needs
February 18, 2013
Facebook and Twitter hacked: Is user data safe? Java bug and online security back in spotlight
Facebook reported late on Friday that its servers had been attacked in a "sophisticated attack" in January, but that it does not believe that users data was compromised. The company did not address why it took several weeks to alert the public.
February 15, 2013
Iowa lawmakers consider property tax plan that cuts $250 million
Iowa state senators have offered a revised $250 million, five-year plan to reduce commercial property taxes for most Iowa businesses via an annual state tax credit.
February 15, 2013
National Tax Lien Association to host annual conference in Miami
The National Tax Lien Association (NTLA) will host its annual conference at the Eden Roc Renaissance Resort and Spa in Miami, Florida, April 3–5, 2013.
February 15, 2013
Newlyweds arrested for suspected tax fraud, ID theft
Two days after their house was searched, Jermell Cornelius Hickman married his girlfriend, Ebonie Hampton.
February 15, 2013
Former IRS agent pleads guilty to theft of funds
A Kansas woman formerly employed by the Internal Revenue Service faces up to 10 years in federal prison and fines after admitting she stole thousands in public funds, a federal prosecutor said Thursday.
February 14, 2013
Switzerland helping IRS find U.S. tax evaders
The U.S. and Switzerland have signed a pact to crack down on tax evaders by making Swiss banks reveal more information about offshore accounts held by Americans, the Treasury Department said Thursday.
February 14, 2013
Ohio Governor wants tax on newspapers
Ohio Gov. John Kasich's new tax overhaul plan, which includes expanding sales taxes to services like tax preparation, accounting and legal services, would also apply sales taxes to newspapers.
February 14, 2013
$3B budget surplus for January
The United States posted a $3B federal budget surplus for the month of January, marking the first surplus in about five years.