Rick Mahorn, former Detroit Piston and member of the 1989 NBA championship team, has hit hard times. In the last year Mahorn, 51, and his wife lost their home in Rochester Hills, Michigan, and filed Chapter 7 bankruptcy.
The National Association of Enrolled Agents (NAEA), the organization that represents over 46,000 federally-licensed tax practitioners, has announced the installation of 14 members to its board of directors.
In 2012, under a little discussed mandate of the health care reform legislation, businesses will be required to report all payments in excess of $600 for services or merchandise to the Internal Revenue Service on a Form 1099.
The American Institute of Certified Public Accountants (AICPA) has debuted a new 360 Degrees of Financial Literacy Web site to provide Americans with personalized tools and information to better manage their finances and make intelligent financial decisions.
Students In Free Enterprise, an international non-profit network of students, academics, and business leaders working with businesses and higher education organizations, is in the midst of its regional and national competitions.
There are many arguments for and against outsourcing. But if you ask Anna Douglas, director of finance and treasurer for the Center for Applied Linguistics, chances are she will try to steer you away from the idea.
Imagine your state tax collectors hard at work…reading the entertainment news as part of their job description. State tax authorities always have used the media to track the cross-state earnings of sports stars, celebrities, and other wealthy individuals.
While enrolled agents are clearly--and reasonably--interested in legislative activity, much of what happens in Washington, DC of interest to taxpayers and practitioners happens administratively. As a result, we need to keep an eye on Capitol Hill and on 1111 Constitution Avenue (IRS headquarters, for those of you recently joining us).
Times are tough all over, but finding employment is least difficult among the largest 50 U.S. cities in San Jose, California, and most difficult in the Detroit metropolitan area, according to the Job Search Difficulty Index released this month by Juju.com, an online job search engine.
Internal Revenue Service watchdogs are looking into more than 70 reports of threats or inappropriate comments made to agency workers following a private plane crash into an IRS building in Austin, Texas, that killed the pilot and an agency employee last month.
In Washington, D.C., Nick Cho is a local celebrity – at least among the coffee-loving crowd. He was the owner of a popular Capitol Hill hangout called Murky Coffee. Unfortunately for Cho, he’s been gaining fame for a less stimulating reason.
The U.S. Department of Labor has announced two new rules designed to enhance retirement security and transparency for the millions of workers covered by 401(k), pension, and other retirement arrangements.
What would you do if one of your clients won the lottery? We asked several accountants to weigh in with their advice for the lucky Powerball winner, and the tips we received are useful for anyone who receives a windfall, whether it's a lottery win, an inheritance, a big bonus on the job, or a killing in the stock market.
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