Tax news

Tax

Bramwell's Lunch Beat: Ad Tax Proposal Could Hurt Startups

Here are "Bramwell's Lunch Beat" menu items for January 7.
Tax

IRS Plays It Straight in YouTube Videos

The IRS has produced several short clips on tax-related topics that may be accessed on YouTube in English, Spanish, and American Sign Language.
Tax

Bramwell's Lunch Beat: 2014 Could Be Taxing For Many

Here are "Bramwell's Lunch Beat" menu items for January 6.
Tax

IRS Posts New Publications 17 and 509; Discontinues 1518 Small Business Calendar

The IRS has announced that it has posted “Pub. 17,” a long-standing guide covering a multitude of tax issues affecting individuals, for use in preparing 2013 returns.
Tax

Bramwell's Lunch Beat: Advantages to Early-Bird Tax Filing

Here are "Bramwell's Lunch Beat" menu items for January 2.
Tax

IRS Hikes Fees for Settling Tax Debts

The IRS still is receptive to working out "deals" with taxpayers to settle their debts. But it's going to cost many of your clients more to make arrangements in 2014.
Tax

Crime Watch: December 27, 2013

A sixty-three-count superseding indictment in a conspiracy to defraud the IRS was unsealed December 23. The indictment alleges that Primetime Tax Services Inc. was a tax return preparation business with three storefronts in the Minneapolis area.
Tax

Be Nice, Not Naughty, When Filing EITC Claims

Santa Claus wasn't the only one who was supposed to make a list and check it twice this holiday season. The IRS is riding herd on tax practitioners who claim the Earned Income Tax Credit credit for clients without filing Form 8867.
Tax

IRS Cites High-Tech Changes for Tax Filing Season

Public demand is up and government funding is down. The nation’s tax collection agency says it will be emphasizing online services and automation to help weather the hectic 2014 tax filing season.
Tax

Time Is Running Out to Renew or Apply for 2014 PTINs

The IRS is reminding professional tax return preparers to renew their Preparer Tax Identification Numbers (PTINs) if they plan to prepare returns in 2014.
Tax

IRS Sets January 13 as Start Date to 2014 Business Tax Season

January 13, 2014, is the first day the IRS will begin accepting 2013 business tax returns – filed electronically or filed on paper – the agency announced.
Tax

Bramwell's Lunch Beat: Could Wyden Replace Baucus as Top Tax Writer?

Here are "Bramwell's Lunch Beat" menu items for December 23.
Tax

IRS Modifies Multiple Signature Process for Form 1041

As part of its regular review process, the IRS has determined that the Multiple Tax Return Listing (MTRL) process used to electronically file Form 1041, US Income Tax Return for Estates and Trusts, must be modified.
Tax

Senate Confirms John Koskinen as Next IRS Commissioner

By a vote of fifty-nine to thirty-six, the Senate on December 20 confirmed John Koskinen as the next commissioner of the IRS, thus giving the embattled agency its first permanent chief since Douglas Shulman in 2012.
Tax

Crime Watch: December 20, 2013

A San Jose, California, woman was convicted December 18 of a federal fraud charge for running a Ponzi scheme that bilked more than 250 victims out of approximately $9.5 million.
Tax

Bramwell's Lunch Beat: Transparency Vital for IRS Chief

Here are "Bramwell's Lunch Beat" menu items for December 20.
Tax

IRS Serves Up Cafeteria Plan Rules for Same-Sex Couples

The IRS promised to provide more guidance regarding the tax treatment of same-sex couples in the wake of the Supreme Court's recent ruling invalidating Section 3 of the Defense of Marriage Act (DOMA). Slowly but surely, it's starting to deliver.
Tax

Save the Date: Tax Season to Start on January 31

The 2014 tax-filing season, which was scheduled to begin on January 21 but was delayed because the IRS could not program and test its tax-processing systems during the sixteen-day federal government shutdown in October, will now begin on January 31, according to the agency.
Tax

What a Difference a State Makes for Baseball All-Star Robinson Cano

It's official. New York Yankee Robinson Cano will soon switch coasts as a result of the contract that he signed with the Seattle Mariners. Both teams wanted the five-time All-Star second baseman, and both made nice offers.
Tax

Illegal but Taxable: Medical Marijuana Farming

Under federal law, income from growing medical marijuana is ill-gotten gain. It is, however, taxable, as is all income. In some states, growing cannabis is legal for medical purposes and in Colorado, it's legal – period.

Pages


Already a member? log in here.