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• AICPA Forms Task Force on IRS Proposal

  February 8, 2010

  The Tax Division at the American Institute of CPAs has created a task force to respond to a recent IRS proposal that would require companies to disclose their uncertain tax positions.

• What Obama Didn’t Mention in the State of the Union

  January 29, 2010

  While there were no real surprises in the State of the Union speech, it did flesh out some tax proposals that will be acted on in the days ahead, according to observers.

• Watch Out for More State and Local Taxes

  January 22, 2010

  The effects of the economic downturn have been particularly hard on states, which will make life interesting in the year ahead for firms that sell services in the state and local tax area.

• Obama Blocks Government Contracts for Tax Cheats

  January 20, 2010

  President Barack Obama ordered the Treasury Department, the Office of Management and Budget, and other federal agencies to block contractors who are seriously delinquent in their taxes from receiving new government contracts.

• GAO Sees Problems with S Corp Tax Compliance

  January 14, 2010

  Long-standing problems with S corporation tax compliance should be addressed by Congress and the IRS, according to a new report by the Government Accountability Office, which recommended that S corps need to do a better job of reporting shareholder compensation and calculating the ownership shares of corporations.

• From tax preparers to tax prognosticators

  January 11, 2010

  The economic crisis and the downfall of the real estate market spurred a slew of tax law changes that will impact the upcoming filing season.

• Top tax tech: The best results in the shortest time

  January 11, 2010

  With each new year comes a wave of new technologies aimed at helping tax preparers work more efficiently through tax season.

• Direct Depositors Beware

  December 31, 2009

  Technological advances have made direct deposits of refunds, paychecks and other items enormously popular in recent years. However, if something goes wrong at any point in the process, my experience has shown that correcting the matter can be almost impossible, and chances are very good that someone will lose his money.

• Tax Refunds Can Go into Savings Bonds Next Year

  December 24, 2009

  H&R Block will be among the tax preparation businesses that will be taking advantage of a new IRS initiative aimed at helping taxpayers build their nest eggs by allocating a portion of their tax refund toward the purchase of U.S. savings bonds.

• Estate Tax Dilemma Looms in 2010

  December 22, 2009

  For at least the first few days of 2010, and probably longer, executors of the estates of people dying after Dec. 31, 2009, will be operating in a difficult environment after the Senate’s failure to extend the estate tax at its current rates, according to a new report.

• Survey Finds Tax Prep Fees Average $229

  December 16, 2009

  A biennial survey by the National Society of Accountants found that the cost of preparing an itemized Form 1040 with a Schedule A and a state tax return averages $229.

• Estate Tax to Temporarily Expire Until Next Year

  December 16, 2009

  Senate Finance Committee Chairman Max Baucus, D-Mont., dropped efforts to temporarily extend the estate tax at its current level in the face of Republican opposition.

• Tax Strategy: The new election to carry back NOLs: Factoring in the variables

  December 14, 2009

  The Worker, Homeownership and Business Assistance Act of 2009 has given hard-pressed businesses a generous pre-holiday gift in its extension and expansion of the enhanced five-year net operating loss carryback provision under Code Sec. 172.

• Tax practitioners brace for 2009 season

  December 14, 2009

  The economy - and the legislative response - are top of mind for practitioners and clients

• House Passes Tax Extenders Bill

  December 10, 2009

  The House approved the Tax Extenders Act of 2009, with extensions of a number of tax breaks that are scheduled to expire at the end of the year, including the R&D credit.

• Obama Proposes Tax Cuts to Spur Hiring

  December 8, 2009

  President Obama described a series of proposals aimed at encouraging companies to add more jobs, including tax cuts for small businesses.

• Many Business Tax Deductions May Be Going Away

  December 2, 2009

  Businesses will have to act soon on a bevy of tax breaks before they expire at the end of the year.

• IRS Extends Tip Income Reporting Program

  December 1, 2009

  The Internal Revenue Service has extended for another two years the Attributed Tip Income Program, which makes it easier for workers in the food and beverage industry to report the money they earn from tips.

• Homebuyer Tax Credit Spurs Home Sales in October

  November 24, 2009

  The First-Time Homebuyer Tax Credit helped spur a 10.1 percent jump in sales of existing homes in October.

• Discover New Innovations in Tax Prep

  November 17, 2009

  Software as a Service (SaaS) has become popular in today's business environment. But what exactly does SaaS mean and how can it play an integral part in your operation? After completing the session, you will be able to:

  • Recognize the significance of SaaS in an increasingly complex world.
  • Build your practice become more efficient and profitable.
  • Identify ways to improve workflow and your bottom line.

  Don't miss this chance to learn more about a tool that can help your practice be more successful!

• Out from underneath

  November 16, 2009

  Investor strategies for capitalizing on the economic downturn

• TAX STRATEGY: Developments in limited liability companies

  November 16, 2009

  Limited liability companies continue to grow in popularity as a choice of business entity.

• Low inflation eases tax bracket changes

  November 16, 2009

  Tax rate brackets and various tax benefits will remain unchanged or change only slightly in 2010 due to low inflation, and many pension plan limitations will remain unchanged, according to the Internal Revenue Service.

• New tools to help clients wake up from the sales and use tax nightmare

  November 16, 2009

  Software systems for handling sales and use tax are better - and more important to your clients - than ever

• Tax Authorities Demand Transfer Pricing Evidence

  November 11, 2009

  Government tax authorities around the world are requiring multinational companies to provide more documentation to support their transfer pricing strategies as countries seek additional tax revenue.

• An Alternative Approach to Regulating Tax Preparers

  November 6, 2009

  A letter to IRS Commissioner Douglas Shulman may hold the key to the shape of the recommendations to be proposed before the end of the year on tax preparer registration.

• Congress Mandates Electronic Filing

  November 5, 2009

  Congress has passed a bill on unemployment that would require electronic filing by all return preparers “except those who neither prepare nor reasonably expect to prepare ten or more individual income tax returns in a calendar year.”

• Geithner Urges Extension of Homebuyer Credit

  October 29, 2009

  Treasury Secretary Tim Geithner and Housing and Urban Development Secretary Shaun Donovan have called on Congress to extend the First-Time Homebuyers Tax Credit past its Dec. 1 expiration date, while putting in place strong anti-fraud measures.

• Shulman Has ‘Some Sympathy’ for CPA Concerns

  October 26, 2009

  IRS Commissioner Douglas Shulman told a gathering of CPAs that he had heard their concerns about the IRS requiring extra testing of CPAs who prepare taxes, and announced that the IRS would be expanding its probe of overseas income while targeting new enforcement efforts at high-wealth individuals.

• Low Inflation Eases Tax Bracket Changes for 2010

  October 15, 2009

  Tax rate brackets and various tax benefits will remain unchanged or change only slightly in 2010 due to low inflation, and many pension plan limitations will remain unchanged, according to the IRS.

• Senate Finance Committee Passes Health Reform Bill

  October 13, 2009

  The Senate Finance Committee has approved its long-awaited version of the health care reform bill by a 14-9 vote.

• House Passes Bill to Help Military Buy Homes

  October 9, 2009

  The House has unanimously approved legislation to give the military and other overseas service members equal access to the first-time homebuyer tax credit.

• IRS Extends Moratorium on Small Business Tax Shelter Penalties

  October 8, 2009

  Service Gives Grace Period

• IRS Revamps Travel Expense Rules

  October 1, 2009

  The Internal Revenue Service has issued new rules for travel, lodging, meals and other expenses, including a new optional method for computing the deductible costs.

• Tax Incentives Expiring for Small Businesses

  October 1, 2009

  The House Committee on Small Business held a hearing on how some expiring tax incentives, such as the research and development credit and clean energy incentives, would affect small businesses.

• New Jersey Has Least Friendly Business Taxes

  September 23, 2009

  New Jersey ranks at the bottom of the list in a new study of the comparative business friendliness of tax systems in the 50 states, while South Dakota is counted as most business friendly.

• IRS to Require 1040 E-filing by Tax Preparers

  September 22, 2009

  The Treasury Department’s Inspector General for Tax Administration has released a report recommending that the IRS seek mandatory electronic filing of individual tax returns by paid preparers, and legislation is being readied to write such a requirement into law.

• Running a Public Company

  September 22, 2009

  Published: September 2009
  Published by: Wiley
  Author: Bragg
  FREE SHIPPING

• Cost Recovery

  September 22, 2009

  Published: August 2009
  Published by: Wiley
  Author: Lanza
  FREE SHIPPING

• Wiley GAAP 2010

  September 22, 2009

  Published: October 2009
  Published by: Wiley
  Author: Epstein
  FREE SHIPPING

• Understanding IFRS

  September 22, 2009

  Published: December 2009
  Published by: Wiley
  Author: Nandakumar
  FREE SHIPPING

• Fraud and Embezzlement in Non Profits: How it Happens and How to Prevent It!

  September 21, 2009

  Published: June 30, 2009
  Published by: Lorman Education Services

• Preparing for the International Financial Reporting Standard

  September 21, 2009

  Published: May 7, 2009
  Published by: Lorman Education Services

• Tax Treatment of Gift Card and Certificate Sales

  September 21, 2009

  Published: August 26, 2009
  Published by: Lorman Education Services

• SAS 70 Requirements, Obligations, and Audit Survival Best Practices

  September 21, 2009

  Published: June 11, 2009
  Published by: Lorman Education Services

• Valuation for Gift and Estate Tax Purposes in a Troubled Economy

  September 21, 2009

  Published: May 20, 2009
  Published by: Lorman Education Services

• Achieving Clarity and Value From Nonprofit Financial Reporting, Ratio Analysis and Benchmarking

  September 21, 2009

  Published: July 30, 2009
  Published by: Lorman Education Services

• J.K. Lasser's Your Income Tax 2010

  September 21, 2009

  Published: November 2009
  Published by: Wiley
  Author: Lasser
  FREE SHIPPING

• Lasser 1001 Deductions 2010

  September 21, 2009

  Published: November 2009
  Published by: Wiley
  Author: Lasser
  FREE SHIPPING

• Sales and Use Tax Automation: The Case for Mid-size Businesses

  September 10, 2009

  Sponsored by:
  
  
  This one-hour web seminar, featuring subject matter experts from ADP, inc., will examine the case for sales tax automation and focus specifically on the unique challenges faced by mid-size businesses. Specifically, we will look at:
  
  

  • ROI – the economics of an automated solution
  • Tax content: what you get for your investment
  • Business benefits of state-of-the-art tax compliance
  • Smoother/faster tax audits
  • Eliminating tax penalties
  • Integrating a sales and use tax solution with mid-range ERP systems such as Microsoft Dynamics GP, Infor SX.e, Infor Syteline, JD Edwards EnterpriseOne, QuickBooks Premier, QuickBooks Pro, Siebel, and others
  • The implementation process
  • Advantages of working with a top-tier solutions provider

  This will be a highly interactive, cannot-miss session. The final 10 minutes of the program will be reserved for Q&A with our panel. Attendees are eligible to receive one Continuing Professional Education (CPE) credit.
  
  Speakers:
  Matthew Walsh, Director of Tax Research, ADP
  Tim Walsh, Senior Director of Product Support, ADP
  
        

• U.S. to Get Secret Bank Account Info from Monaco

  September 8, 2009

  The U.S. and Monaco have signed a tax information exchange agreement to allow the two countries to share information on tax matters, including bank accounts used to stash money abroad.

• Deadline Approaches for Section 48C Tax Credits

  September 3, 2009

  The Sept. 16 deadline is nearing for submitting a preliminary application for the federal government’s Section 48C tax credit program for manufacturers of clean energy equipment.

• IRS Could Use Mortgage Data to Pursue Tax Evaders

  August 31, 2009

  The Internal Revenue Service should check Form 1098 mortgage interest statements to catch tax dodgers, recommended a new report.

• Small Businesses Worry about Energy Tax Breaks

  August 26, 2009

  A House subcommittee heard from a panel of small business owners concerned about the disappearance of popular tax deductions at a hearing in Tulsa, Okla., during the congressional recess.

• Environmental Taxes No Panacea, Says ACCA

  August 25, 2009

  The use of carbon taxes and other forms of “green” taxation to improve the environment and raise government revenue requires careful planning, recommends a position paper from the Association of Chartered Certified Accountants.

• Most Companies Underestimate Sales Taxes

  August 20, 2009

  A new study from sales tax software vendor Sabrix found that 95 percent of the companies it surveyed underestimated their sales tax liability and nexus footprint across state lines.

• Consumer Taxes Grow Higher

  July 31, 2009

  Consumer taxes on items such as gasoline, cigarettes and retail sales are trending higher, according to a report by CCH.

• State Tax Revenues Plunge to Record Lows

  July 20, 2009

  States across the country saw their tax revenues for the first quarter of 2009 drop by a record percentage, according to a new report.

• State Licenses May Hinge on Federal Tax Compliance

  July 16, 2009

  Many businesses may soon find they cannot obtain or renew a license unless they are current with both their state and federal taxes.

• IRS Offers Tax Tips for Job Seekers

  July 9, 2009

  Many taxpayers spend time during the summer months polishing their resume and attending career fairs.

• Block Sees Tax Audits Doubling

  July 6, 2009

  H&R Block is stepping up its tax audit support services as the tax prep chain sees the IRS audit rate doubling.

• Greenbook vs. Redbook

  May 27, 2009

  It’s all too easy to confuse the Treasury Department’s recently issued description of the Obama administration’s tax policies with the venerable women’s magazine.

• CCH Provides Sales and Use Tax for Oracle

  May 20, 2009

  CCH has introduced sales and use tax products for Oracle.

• Pursuing Non-Filing Tax-Exempt Organizations

  May 20, 2009

• In Brief

  May 18, 2009

• Tax Preparer Proposals in Budget Greenbook

  May 11, 2009

  The “greenbook” released by the Obama administration on Monday includes a number of proposals of special interest to tax preparers.

• Obama Proposes Billions in Tax Cuts and Tax Hikes

  May 11, 2009

  The Obama administration released detailed plans to cut $800 billion in taxes on small businesses and middle-class families over the next 10 years, while raising $122.5 billion in corporate taxes.

• IRS Awards Processing Contract to Hacked Company

  April 26, 2009

  The Internal Revenue Service has signed a tax-processing contract with a company that has admitted to having information on 1.5 million payment card holders and 1.1 million Social Security numbers stolen by computer hackers.

• TAX & FINANCIAL PLANNING NEWS

  April 25, 2009

• DOJ Cracks Down on Tax-Evading Merchants

  April 19, 2009

  The Justice Department has filed a 'John Doe' summons with a federal court seeking the credit card records of U.S. merchants hiding money in offshore bank accounts.

• Improper Use of ITINs Generates Billions in Questionable Refunds

  April 16, 2009

  The big problem: People and computers treating ITINs like SSNs

• Feds Raid North Carolina Tax Practice

  April 16, 2009

  Clients find feds in place of preparers.

• Yacht Exec Pleads Guilty in UBS Tax Shelter Case

  April 16, 2009

  Robert Moran faces up to three years and a fine of $250,000 for sheltering over $3 million offshore.

• Tea Parties and Tax Freedom Day

  April 15, 2009

  Suddenly, tax holidays abound.

• CPA Sued for Martha Stewart's Daughter's Taxes

  April 15, 2009

  Wants $334,000 for alleged mistakes.

• IRS Lax on Audits of Big Financial Companies

  April 9, 2009

  Study finds financial services behemoths may not be getting the scrutiny they deserve.

• Compliance with Fuel Excise Tax in Doubt

  April 9, 2009

  The government doesn't even know how much is collected.

Related Articles

• New reporting rules for passive activities force group decisions

• AICPA Forms Task Force on IRS Proposal

• What Obama Didn’t Mention in the State of the Union

• Watch Out for More State and Local Taxes

• Obama Blocks Government Contracts for Tax Cheats

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