Taxation

Sacramento accountant with lavish lifestyle charged with stealing from clients

02/17/2010 - 11:33 - 3233 reads - 3 comments

A prominent Sacramento CPA has been accused of stealing more than $13.3 million from his clients, according to reports.

Tax Court allows deduction for sex-change operation

02/08/2010 - 12:12 - 1972 reads

The U.S. Tax Court in Boston ruled in favor of a plaintiff who claimed approximately $5,000 in medical deductions for expenses relating to her sex-change operation.

IRS announces qualified disaster treatment for Haiti earthquake

01/28/2010 - 12:23 - 1762 reads

The Internal Revenue Service has issued guidance that designates the earthquake in Haiti in January 2010 as a qualified disaster for federal tax purposes.

Swiss government bows to court ruling: Will review UBS tax agreement

01/28/2010 - 11:56 - 1852 reads

The Swiss government announced this week that it will respect a Swiss court decision last week that declared parts of a deal reached in August with the United States illegal under Swiss law and would reopen talks with the United States.

House unanimously passes bill to expedite tax deductions for Haiti contributions

01/21/2010 - 13:53 - 2574 reads - 2 comments

The U.S. House of Representatives voted unanimously to approve legislation that would allow taxpayers to take a deduction on their 2009 tax return for 2010 contributions to relief efforts for Haiti earthquake victims.

Does your 2009 P&L statement contain a hidden tax deduction?

01/21/2010 - 00:54 - 2527 reads

What if there was one line on your P&L statement – a line that has a "hidden" deduction possibility - that could actually generate a significant tax advantage and put cash back into your pocket?

Realistic tech organizational goals for the upcoming tax season

01/20/2010 - 00:57 - 1841 reads

The resources that a modern day accountant can utilize exist to make their lives easier and, in turn, make their customers happier. This seems like a win-win situation for all, and the best part is that the technology needed to accomplish this inexpensive and easy to use.

The Bo-tax vs. the tanning tax: Tanning revenue pales in comparison

01/20/2010 - 00:00 - 1496 reads

Congress's health plan is projected to cost $849 billion over the next decade according to a Congressional Budget Office estimate. That's why they are shining their searchlight into every corner, looking for places where they can raise taxes to pay the price.

New tax forms 5405 and Schedule L complicate tax returns

01/19/2010 - 22:45 - 11572 reads - 1 comment

Claiming the First Time Homebuyer Credit and additions to standard deduction gets complicated with new tax forms and required documentation.

Making Work Pay Credit may mean smaller refunds

01/19/2010 - 14:10 - 2451 reads

Refunds may be smaller this year for some people, and paychecks will definitely be smaller in 2010 than in 2009, because of the Internal Revenue Service's withholding calculations for the Making Work Pay Credit.

Sacramento accountant with lavish lifestyle charged with stealing from clients

Tax Court allows deduction for sex-change operation

IRS announces qualified disaster treatment for Haiti earthquake

Swiss government bows to court ruling: Will review UBS tax agreement

House unanimously passes bill to expedite tax deductions for Haiti contributions

Does your 2009 P&L statement contain a hidden tax deduction?

Realistic tech organizational goals for the upcoming tax season

The Bo-tax vs. the tanning tax: Tanning revenue pales in comparison

New tax forms 5405 and Schedule L complicate tax returns

Making Work Pay Credit may mean smaller refunds

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