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Taxpayers filed over 4.5 million returns with adjusted gross income of $200,000 or more for 2007, up from over 4 million returns in the prior year, according to newly released IRS statistics.
May 14 -
Supreme Court nominee wrote a brief on behalf of the IRS in a far-reaching tax case that could come before the Supreme Court.
May 13 -
A federal judge in Kansas City, Mo., has permanently barred Allen R. Davison from promoting a variety of tax fraud schemes, including some that used sham companies, sham chicken-flock contracts, and sham pension plans.
May 13 -
Ernst & Young has joined the U.S. State Departments new E-Mentor Corps program to provide mentorship to entrepreneurs around the world.
May 13 -
The Internal Revenue Service has selected four new members of its Advisory Committee on Tax-Exempt and Government Entities for the term starting in 2010 and ending in 2012.
May 13 -
A long-awaited Senate energy and climate change bill is being introduced Wednesday by John Kerry, D-Mass., and Joe Lieberman, I-Conn., with several tax provisions that would benefit nuclear power plants.
May 12 -
Thousands of nonprofit organizations could lose their tax-exempt status if they dont file a Form 990 with the IRS by May 17.
May 11 -
The Internal Revenue Service does not always properly authenticate the identity of taxpayers calling its toll-free assistance lines before providing them with confidential tax account information, according to a new government report.
May 11 -
Tax accountants and others looking for clues on how the anti-tax Tea Party movement will affect this falls national elections received mixed signals from voters in a number of recent ballot initiatives.
May 10 -
The Hawaii legislature has overridden the veto of Hawaii Governor Linda Lingle and passed a strict mandatory peer review law for public accountants.
May 10 -
A group of seven accounting and business organizations are protesting a proposed amendment to the financial regulatory reform legislation from Sen. Sherrod Brown, D-Ohio, that would legislate some accounting standards for financial reporting.
May 10 -
Although the overall effects of the Obama administration's health care reforms may not be known for years, they promise to significantly affect CPAs and their clients.
May 10 -
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"Flying by the seat of your pants," is not a phrase that should refer to how one runs their business. Unfortunately, it seems to describe all too many companies.
May 10 -
The recently enacted Patient Protection and Affordable Care Act, as amended by the Health Care and Education Reconciliation Act of 2010, relies heavily on new tax provisions in the Internal Revenue Code to implement many of the goals of health care reform. The effective dates for many of these tax provisions are delayed - some do not take effect until 2013, 2014 or even 2018.
May 10 -
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Accounting firms that stay in motion are those that will continue to prosper.
May 10 -
The Long Island-based firm of Grassi & Co. has had much success over the years. But like many firms seeking to drive market share in a constrained economy, they knew that developing larger opportunities is a different game in these days of heavy competition and price wars.
May 10 -
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The Internal Revenue Service has opened examinations of over 30 colleges and universities as part of an ongoing investigation into the business activities of tax-exempt academic institutions.
May 7
