by Jason Bramwell on Aug 22, 2014
The highway use tax applies to highway motor vehicles with a taxable gross weight of 55,000 pounds or more, which generally includes trucks, truck tractors, and buses. The Labor Day holiday pushed the due date for Form 2290 back two days.
by Jason Bramwell on Aug 22, 2014
During a speech at the National Society of Accountants' Annual Meeting on Thursday, the head of the IRS said wait times for phone service will increase through the rest of the year because of a lack of staff due to the agency's budget being slashed.
by Jason Bramwell on Aug 22, 2014
The menu for August 22 features specials on PCAOB’s struggles with conflicts in audits, settlement forces Bank of America to set aside borrower tax relief, one accountant’s daily routine, and more.
by Jason Bramwell on Aug 21, 2014
The menu for August 21 features specials on ALS Ice Bucket Challenge charitable donations, Bank of America settles, Rep. Paul Ryan backs cut to mortgage tax break, and more.
by Ken Berry on Aug 21, 2014
A taxpayer can deduct contributions made to a qualified charity. These donations are typically made "with no strings attached." But what happens when you receive something of value in return?
by Jason Bramwell on Aug 20, 2014
The menu for August 20 features specials on Hertz withdraws full-year forecast due to accounting errors and operational challenges, botched forecast cost Walgreen CFO his job, Alaska oil tax repeal ballot measure losing, and more.
by Jason Bramwell on Aug 19, 2014
The menu for August 19 features specials on Treasury prepares inversion options, H&R Block launches small business accounting services, AICPA membership eclipses 400,000 mark, 2014 AICPA Accounting Competition begins, and more.
by Jason Bramwell on Aug 18, 2014
The menu for August 18 features specials on Joe Echevarria is stepping down as Deloitte CEO, state tax revenues declined in Q1 for the first time in four years, holding auditors blameless, and more.
by Terry Sheridan on Aug 18, 2014
If your clients include retailers, pending federal legislation allowing states to tax Internet sales could mean big changes in the way they process and account for their sales and use taxes.
by Jason Bramwell on Aug 15, 2014
Representative Diane Black (R-TN) blasted the IRS on Thursday after a new watchdog report found that the agency had not conducted background checks on some contractors who had access to sensitive taxpayer data.
by Jason Bramwell on Aug 15, 2014
The menu for August 15 features specials on Alibaba Pictures delays results on possible accounting errors, Wyden hopes for September bipartisan anti-inversion legislation, Atlanta accountant charged by SEC with insider trading, and more.
by Jason Bramwell on Aug 14, 2014
US tax authorities have determined that 1,100 victims have lost an estimated $5 million due to a sophisticated nationwide phone scam, in which the fraudsters claim to be from the IRS and demand money.
by Ken Berry on Aug 14, 2014
A surprising Tax Court case has shut down a tax planning technique that savvy retirement-savers have been using for years. But there's still a small window of opportunity if you need it, until the new year, to give investors time to adjust.
by Jason Bramwell on Aug 14, 2014
The menu for August 14 features specials on FTC to refund customers of American Tax Relief, Senate Dems push plan to curb inversions, Obama will keep cash from donors who profited from overseas tax deals, and more.
by Jason Bramwell on Aug 13, 2014
Newly revised versions of Publication 1, "Your Rights as a Taxpayer," are available on the IRS website in English, Spanish, Chinese, Korean, Russian, and Vietnamese, the nation's tax agency said on Tuesday.

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