taxes

Tax

How to Get Tax Breaks on Divorce

Divorce is hard, and the IRS isn't going to make it any easier. The IRS generally says "no" to tax deductions that might ease the pain of divorce—but there are exceptions.
Tax

5 Tax Advantages for Small Businesses This Filing Season

There are a myriad of tax benefits and deductions available to small businesses this filing season. Two tax partners with BDO USA LLP shed light on five in particular that business owners should consider.
Tax

Celebs Talk a Big Game, But Will They Pay More Taxes?

Who wants to pay more taxes? If you’re waiting for a punch line, forget about it. With tax time underway, there will be a lineup of wealthy people, mostly celebrities, saying, “Please tax me more!” However, in many cases, their words don’t match their actions.
Tax

Film Credits: Your Tax Dollars at Work Making Movies

Federal film credits are not new, but they are becoming big business in more ways than one. Approximately forty states receive federal film credits they can use to entice moviemakers to make motion pictures within their borders.
Technology

AICPA Calculator Adds Up Twenty Tax Burdens

The American Institute of CPAs has unveiled a new version of its Total Tax Insights calculator just before the start of income tax-filing season. The calculator, which can help taxpayers gauge the impact of twenty different taxes, reflects data applicable in 2013.
Tax

Mark Zuckerberg Will Continue Paying a Lot of Taxes

For most of us, it might not be so unusual to double our tax bills in one year. That is, unless last year’s tax bill was a billion dollars.
Tax

Bill Intends to Make Settlements More Transparent

In an effort to shut down backroom deal-making and increase accountability, two senators introduced a bipartisan bill on January 8 that would force federal enforcement agencies to increase transparency around settlements reached with companies that break the law.
Tax

Free Car! Except for the Taxes…Is That Price Right?

The biggest winner in the long history of "The Price is Right" … that’s what the media is calling Sheree Heil of Tacoma, Washington.
Tax

Study: Gas and User Taxes Don't Fund Most Transportation Projects

A new study by the Tax Foundation found that revenues from gasoline taxes and tolls only fund approximately 50 percent of state and local transportation projects.
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.