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Tax

State Tax Systems Aren’t Helping to Close Income Inequality Gap, Study Finds

The reason? Low- and middle-income earners are taxed at much higher rates than the wealthy, ITEP says in report.
Tax

10 Things You Always Wanted to Know About Late Tax Season Filing

Here is some timely information from the AICPA that you can pass along to habitually late clients and April walk-ins.
A&A

Bramwell’s Lunch Beat: Some Filers Affected by Tax Form Error Get Deadline Reprieve

The menu features specials on firm accused of auditor independence violations, new IRS technical guidance, and more.
Tax

Survey: Americans Believe Tax System is in Need of an Overhaul

The top complaint from those polled? That US corporations and the wealthy aren’t paying their fair share of taxes.
Tax

AICPA Makes Suggestions on How Business Income Tax Can be Simplified

A letter sent on March 31 to a Senate Finance Committee Tax Reform Working Group focused on four key issues.
A&A

Bramwell’s Lunch Beat: No Contempt Charges for Ex-IRS Official Lois Lerner

The menu features specials on GOP senators want to nix death tax, Congress just created special tax break, and more.
A&A

Bramwell’s Lunch Beat: A ‘Taylor Swift Tax’ is Being Proposed in Rhode Island

The menu features specials on WeiserMazars names new CEO, Koskinen says GOP can’t abolish IRS, and more.
Practice

Protect Your Business: Tax Time is a Good Time for a ‘Security Check’

Scammers are out there, but there are steps your company can take to protect its data from being compromised.
A&A

Bramwell’s Lunch Beat: PCAOB Moves Forward with Standards Reorganization

The menu features specials on BSI to pay $211M penalty in US tax case, US individual tax share grows, and more.
Practice

Companies Starting to See a Need for State-by-State Tax Provisioning

Corporations are starting to move from a blended-rate method to a state-by-state approach. But it hasn’t been easy.
Tax

Does New House Bill Sound the Death Knell for Estate Tax?

House GOP tax writers want to put the kibosh on the "death tax." But the bill stands little chance of becoming law.
A&A

Bramwell’s Lunch Beat: Week Ahead – FASB to Discuss Possible Revenue Rule Delay

The menu features specials on lawmakers look at consumption tax, IRS technical guidance from last week, and more.
Tax

Medical-Care Deductions for Meals and Lodgings: What Your Clients Should Know

The IRS offers relief to those staying out of town to receive outpatient treatment at a hospital or similar facility.
A&A

Bramwell’s Lunch Beat: SEC Member Not Convinced of Dropping GAAP for IFRS

The menu features specials on why taxes are taking longer to do, IRS calls off possible temporary shutdown, and more.
Tax

Charitable Deductions: If You Don’t Prove 'Em, You’ll Lose 'Em

When it comes to claiming charitable deductions on a 2014 federal income tax return, good recordkeeping is essential.
Tax

Interest Rates Will Remain Unchanged for Q2 of 2015, IRS Says

Set to begin on April 1, the interest rates are computed from the federal short-term rate, determined last January.
A&A

Bramwell’s Lunch Beat: Repeal of Estate Tax Backed by Ways and Means Panel

The menu features specials on SASB releases new standards, Ways and Means passes IRS private email bill, and more.
A&A

Bramwell’s Lunch Beat: Many ACA Tax Credit Recipients Will Owe Uncle Sam Money

The menu features specials on the most diligent tax filers, new tax puts auto workers’ health benefits at risk, and more.
Tax

The Clock is Ticking: Five Last-Minute Tax Strategies for Your Clients

April 15 is just weeks away. Here are some “11th hour” strategies that could save your clients valuable tax dollars.
Tax

Key Property Tax Details for Accountants and Their Homeowner Clients

For the first time, a leading real estate analysis firm has issued a report on property tax rates nationwide.

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