October 9, 2014
The IRS field workload selection process is not designed to ensure that cases with the highest collection potential are identified, selected, and assigned to be worked, according to a new report.
October 9, 2014
The AICPA is urging the Internal Revenue Service (IRS) to act quickly to relieve the administrative burden imposed on small business taxpayers by the tangible property regulations
October 9, 2014
One of the most nerve wracking aspects about tax season for millions each year is the possibility of being audited. For small business owners and those who are self-employed, the chance of being audited is even greater.
October 7, 2014
What are the tax and financial issues of the Supreme Court's decision not to overturn gay marriage rulings in several new states? Although certain aspects are still being sorted out, here’s a brief summary of the lay of the land in several key areas.
October 7, 2014
The downloadable official 2014 Form 1099-MISC is available by clicking download. (PDF) Download
October 1, 2014
Report says the agency needs to enhance its collection efforts to make more delinquent international taxpayers become compliant with their obligations.
September 30, 2014
Farmers and ranchers who previously were forced to sell livestock due to drought, like the drought currently affecting much of the nation, have an extended period of time in which to replace the livestock and defer tax on any gains from the forced ...
September 30, 2014
While most Americans are thinking about football season, the MLB baseball playoffs, the coming NBA season, hockey or the upcoming holidays, savvy financial professionals are advising taxpayers to think about their taxes.
September 29, 2014
The Internal Revenue Service (IRS) may be missing opportunities to collect delinquent taxes because it is not always completely researching cases before closing them as uncollectible. That is the finding of a new report publicly released today by the...
September 25, 2014
Thomson Reuters confirmed today that UltraTax CS will provide an eSignature offering for the upcoming tax season.
September 25, 2014
The AICPA is concerned that current electronic signature standards for “remote transactions” are not strong enough to protect taxpayers’ confidential information.
September 23, 2014
The IRS has just announced new federal per diem travel rates for Fiscal Year 2015 (FY 2015), which spans October 1, 2014 through September 30, 2015. Unlike many other previous years, when per diem rates were typically bumped up just a dollar or two or not