Tax return

Practice

How to Prepare for the Tax Rush a Year in Advance

Let's fix the problems of the 2015 tax season today. Accountants should help their clients develop good habits now, so there's no hassle next April.
Tax

Presidential Tax Return: Obama Gets Hit by Obamacare

The Obamas squeezed under the bar for the highest marginal tax rate on their federal tax return. But they couldn't dodge the new 3.8 percent Medicare surtax.
Tax

TIGTA Addresses IRS' Trouble Processing Foreign Currency Tax Payments

The IRS is often unable to process tax payments made in foreign currencies on a timely basis or at favorable exchange rates, according to a report from the Treasury Inspector General for Tax Administration (TIGTA).
Tax

Should You Spend or Save Your Tax Refund?

According to the AICPA's annual survey to determine Americans' top financial concerns and assess their financial well-being, taxpayers say they're likely to use their tax refund conservatively – to build up savings, pay for day-to-day household expenses, or put toward debt.