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Tax news

Tax

Saved from the IRS Part 2: More Income the Government Can't Touch

Last week we published a list of items the IRS doesn't tax. Here are a few more that are wholly or partially exempted.
A&A

Bramwell’s Lunch Beat: Sen. Hatch Says Tax Code Revamp Will Be ‘Very Difficult’

The menu features specials on IRS provides tax relief to farmers and fishermen, ARCP restates results, and more.
Tax

7 Business Tax Deductions You Can't Afford to Overlook

Small family-owned businesses and start-ups may not be aware of the deductions available to them.
A&A

Bramwell’s Lunch Beat: TIGTA Starts Criminal Probe Into Lerner Email Fiasco

The menu features specials on CEOs paid 3 times more than CFOs, audit fees for small reporting companies, and more.
Tax

Special Sales Tax Report: The Key Issues Accountants Need to Know

Nexus, Washington legislation, class-action lawsuits, and more—what is happening with sales taxation today?
Tax

IRS Chief: 2015 Tax-Filing Season ‘Going Well’ Despite Agency Woes

John Koskinen said this week that the fact tax season started on time is a “stunning achievement by our employees.”
A&A

Bramwell’s Lunch Beat: Good Luck Calling the IRS for Help This Filing Season

The menu features specials on New Mexico losing accountants, House votes to ease limits on 529 plans, and more.
Tax

Saved from the Jaws of the IRS: 7 Non-Taxable Sources of Income

From the easily forgotten to the little known, there are income streams that remain yours and yours alone.
A&A

Bramwell’s Lunch Beat: IRS Offers Reprieve to Filers Affected by Tax Form Error

The menu features specials on accounting errors cost Hertz $181 million, Caterpillar’s tax liability could grow, and more.
Tax

Survey: Americans Get a Low Grade on Their Knowledge of Income Taxes

The average US adult scored 51% on a personal finance quiz related to federal income taxes, according to NerdWallet.
A&A

Bramwell’s Lunch Beat: 0.86% – the IRS Audit Rate for Individuals in 2014

The menu features specials on Intuit denies lax security claims, Hatch wants answers on Obamacare tax error, and more.
Tax

Special Tax Season Summary: What You Should Know about Bitcoin

Virtual currencies seem scary, but informed accountants can help clients explore new opportunities within IRS rules.
Practice

Convert Your Clients: Move Their Records Out of the Shoebox

Do your clients still have a record system out of the Victorian era? Maybe some new tools can help them—and you.
Practice

Transfer Pricing Audits: With Changes on the Horizon, Upfront Planning Is Key

Many companies consider transfer pricing a cross-border issue, but the reality often hits much closer to home.
A&A

Bramwell’s Lunch Beat: Oops – Incorrect Tax Info Sent to 800,000 Obamacare Users

The menu features specials on feds grant Obamacare tax extension, ex-American Realty CAO drops lawsuit, and more.
A&A

Bramwell’s Lunch Beat: IRS Warns Tax Professionals of New Phishing Scam

The menu features specials on the most effective tax-prep TV ads, sustainability accounting for investors, and more.
Practice

Is Your Number Up? PTIN Rules You May Not Have Known

You know you need a PTIN—but learn little-known details that can save you hassles later.
Tax

When Should Married Couples Check 'Married, Filing Separately'?

There are serious legal and financial implications to your choices—know the rules before making a decision.
A&A

Bramwell’s Lunch Beat: New York Sues UPS Over Lost Cigarette Tax Revenues

The menu features specials on boards propose revisions to revenue standard, Caterpillar faces IRS penalties, and more.
Tax

IRS Is Allowing Taxpayers to Make Appointments at 10 Walk-in Assistance Centers

The IRS hopes the new appointment-based service approach will help taxpayers avoid long lines this tax season.

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