Tax news

A&A

Bramwell’s Lunch Beat: White House Action on Inversions This Week?

The menu for Sept. 15 features specials on Hertz and Carl Icahn make amends, Akorn is next US company to consider an inversion, Grover Norquist questions IRS audit of Breitbart News, and more.
Tax

How to Pay Your Bitcoin Taxes

How do you calculate taxes owed on what the IRS calls convertible virtual currency? Experts may argue about what virtual currencies are, but at the end of the day, the IRS wants its cut.
A&A

Bramwell’s Lunch Beat: Accounting Is an Underrated Job

The menu for Sept. 12 features specials on House majority wants to save cash method of accounting, Buffett called Hatch to gauge US inversion policy, M&T Bank unit reaches $18.5 million settlement in SEC accounting case, and more.
Tax

IRS Reaches Direct Pay Milestone in 2014

More than 1 million tax payments have been processed, and more than $1.7 billion have been received, so far in 2014 through IRS Direct Pay, a free online payment system that debuted earlier this year, the tax agency announced on Wednesday.
A&A

Bramwell’s Lunch Beat: IRS Chief Chastised Over Remark Made During Hearing

The menu for Sept. 11 features specials on Munger defends Buffett on Burger King deal, PwC and Crowe Horwath face lawsuit over Colonial Bank collapse, US Chamber gauges voter sentiment on tax code, and more.
Tax

Poll: US Voters Back Congressional Action on Inversions

A new Wall Street Journal/NBC poll found that 59 percent of registered voters think Congress should enact legislation that would “penalize and discourage” US companies from shifting their headquarters overseas to cut their US tax bill.
A&A

Bramwell’s Lunch Beat: S&P Weighs In on Inversion Craze

The menu for Sept. 10 features specials on REITs swell under new IRS rules, Breitbart News claims IRS harassment, 10 new AICPA/Accountemps scholarship winners announced, and more.
Tax

How to Juggle Itemized Deductions and Local Taxes

You probably know about all the different taxes and deductions. Here's how to time payments, local taxes, and other transactions to get the most bang for your client's buck.
A&A

Bramwell’s Lunch Beat: Lew Remains Coy on How Inversions Will Be Nixed

The menu for Sept. 9 features specials on number of jurisdictions that don’t use IFRS now at 7, IRS sued again over tax preparer regulation, House passes bill to crack down on tax return ID theft, and more.
A&A

Bramwell’s Lunch Beat: Hertz Chief Resigns Amid Pressure from Investors

The menu for Sept. 8 features specials on Audit Analytics examines large US public company auditor market share, Sen. Charles Schumer’s plan to curb inversions, Sen. Carl Levin blasts TIGTA over Tea Party report, and more.
A&A

Bramwell’s Lunch Beat: The Most Annoying Business Buzzwords

The menu for September 5 features specials on DC appeals court to rehear Obamacare tax subsidies case, IRS slow in processing complaints against tax return preparers, Francine McKenna’s take on Andersen brand revival, and more.
Practice

The 5 Forgotten Venues for the R&D Tax Credit

For CPAs looking to provide even greater value to their business clients, it would be wise to take another look at the R&D Tax Credit. It's often forgotten—but shouldn't be. Many businesses can take advantage of it.
A&A

Bramwell’s Lunch Beat: Andersen Tax Looks to Rebuild Tainted Brand

The menu for September 4 features specials on proposed lease accounting rules could trip up bank loans, how AstraZeneca turned to Washington to fend off Pfizer’s inversion plan, Hospira/Danone inversion talks on hold, and more.
Tax

IRS: Interest Rates Remain Unchanged for Q4 of 2014

The interest rates announced by the IRS on Wednesday are computed from the federal short-term rate, which was determined during July 2014 to take effect Aug. 1, 2014, based on daily compounding.
Wealth management

How to Strategize Your Charitable Contributions

Charitable contributions provide great flexibility: You can use checks and credit cards down to the wire, and donated property can give you a lot of tax-savings bang for your buck.
A&A

Bramwell’s Lunch Beat: Free Lunch? The IRS Won’t Put Up With It

The menu for September 3 features specials on PwC’s role at Standard Chartered under microscope, experts say BK deal will definitely reduce burger chain’s taxes, Colorado’s missing pot taxes, and more.
Practice

IRS Releases Draft Instructions for ACA Employer Mandate

The US Treasury Department and the IRS on August 28 released draft guidance on the reporting requirements for forms 1094-B and 1095-B, as well as forms 1094-C and 1095-C.
A&A

Bramwell’s Lunch Beat: Arthur Andersen Name Is Making a Comeback

The menu for September 2 features specials on Treasury secretary to speak on tax reform and inversions next week, public pension funds stay quiet on inversions, some Swiss banks pull out of US tax program, and more.
Tax

With Freelancers' Tax Returns, It's All About Timing

As part of end-of-year financial planning, the self-employed should review perfectly legal tax-trimming tactics that must be taken by December 31 if they aren't to be lost forever.
A&A

Bramwell’s Lunch Beat: Could BK Deal Put Buffett and Obama at Odds?

The menu for August 29 features specials on EY audit deficiency rate was 49% in 2013, hedge funds look for clues on Treasury’s inversion crackdown, SEC issues whistleblower award, and more.

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