Roger Russell is a senior editor at Accounting Today. He focuses on tax developments and compliance, and professional liability issues affecting CPAs. He is a tax attorney and has been a researcher and analyst at several major tax publishing companies.
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The U.S. Supreme Court decided unanimously Tuesday that the Direct Marketing Association, a trade association of retailers, was not barred by the federal Tax Injunction Act from bringing a suit against the Colorado Department of Revenue attacking Colorados notification and reporting requirements for non-collecting retailers of sales tax.
March 3 -
The major challenges facing the IRS today are its budget situation, which affects both service and enforcement, IRS commissioner John Koskinen told the Tax Section of the New York Bar Association.
February 24 -
It takes a heap o living just to make a house a home, as the old poem teaches. In Joel Evans case, he did enough living in two houses in Louisiana to make the U.S. his tax home.
February 19 -
The American Bar Association Section of Taxation has created a Tax Assistance Public Service endowment fund that will provide stable, long-term funding for the ABAs tax-related public service programs for underserved taxpayers, including low-income people, military personnel and disaster victims.
February 13 -
Although many corporate tax and accounting departments are preparing for the March deadline, mistakes related to tax and accounting cost U.S. businesses billions each year.
February 12 -
The Affordable Care Act requires that in 2014 all Americans must have qualified health insurance or face a Shared Responsibility Payment.
February 5 -
Fans attending the Super Bowl this weekend may look up in the sky and see a cryptic message: NAEA, Americas Tax Experts, and WhatisanEA.org.
January 30 -
In the first Tax Court case that addressed the tax consequences of human egg donations, the court concluded that the compensation received by an egg donor for two donations of eggs was includible in her income.
January 29 -
The Affordable Care Act will have almost no effect on most taxpayers tax preparation and filing experience, according to federal officials.
January 28 -
The Tax Court has held that an egg donor must include in income the compensation she received from an egg donation agency that matches egg donors with women and couples struggling to conceive on their own.
January 23 -
Beyond the expected calls for tax fairness and middle-class relief, the Presidents State of the Union address touched on a number of other significant topics.
January 22 -
IRS PALS (Property Appraisal and Liquidation Specialists) has auctioned off Darryl Strawberrys contractual right to receive payments under his deferred compensation agreement with the New York Mets.
January 22 -
Working together with a number of agencies, including Customs and Border Protection, the FBI, Interpol and local police departments, the IRS Criminal Investigation unit has helped bring to justice dozens of members of the Sinaloa Cartel.
January 20 -
The number of purchases and sales of small businesses, at an all-time high in 2013, grew even more during 2014. In addition to further showing signs of a reviving economy, this is good news for baby boomer business owners who want to retire, and for entrepreneurs who want to own their own business.
January 15 -
National Taxpayer Advocate Nina E. Olson released her 2014 Annual Report to Congress, which expresses concern that taxpayers this year are likely to receive the worst levels of taxpayer service since 2001 when the IRS implemented its current performance measures.
January 14 -
The Tax Court has held that a former special agent in the IRS Criminal Investigation division was liable for additional tax and penalties.
January 13 -
The Internal Revenue Service announced that it anticipates opening the 2015 filing season as scheduled in January.
January 8 -
The District Court for the Southern District of Ohio has upheld the Internal Revenue Services imposition of penalties totaling more than $1 million on an estate that failed to file its estate tax return on a timely basis and timely pay the estate tax it owed even though the estate attorney was battling cancer and lost her license to practice law..
January 8 -
The House of Representatives passed the first piece of legislation of the 114th Congress on Wednesday, the Hire More Heroes Act of 2015 (H.R. 22), with overwhelming bipartisan support.
January 8 -
State regulators are now collecting nearly $400 billion in sales tax as compared to 2003 when they collected just over $250 billion.
December 31
