Tax Stats: May 2013

Our monthly collection of statistics from the world of tax.

Our fifth Tax Stat for May looks at how busy the folks at IRS Criminal Investigation have been ...

A recent report from IRS - Criminal Investigation shows a busy bunch, who are investigating, prosecuting and sentencing more tax criminals than before, while maintaining a success rate (those cases sent to prison) of around 81.5 percent.

The Pew Research Center did a survey of taxpayers just before Tax Day that found that a third of taxpayers actually liked (and even loved) filing their taxes -- and then asked them why.

Source: Pew Research Center

The Pew Research Center also asked the two thirds of taxpayers who disliked or hated filing why they felt that way.

Source: Pew Research Center

The Pew Research Center survey also found that the numbers of who likes and who doesn't like paying their taxes do shift depending on income bracket.

Source: Pew Research Center

This map, based on data from the Tax Foundation, shows states with the highest and lowest tax collections per capita for 2011. The figures don't include local income taxes (pity those poor New Yorkers ...).

A few state peculiarities worth noting: Alaska, which isn't shown, has no income tax, while Tennessee and New Hampshire only have a limited income tax on investment income. And Hawaii, which also isn't shown, ranks No. 18 overall, at $911.

Source: The Tax Foundation



Summer Tax Tips for Your Clients and Their Children

Summer is well underway, and now is a great time to help your clients and their dependents with the tax tips in this slideshow written by Michael Sonnenblick of Thomson Reuters Checkpoint.

View the slideshow >>


Tax Savings from a Home Office

Tips on how to make working at home pay, from the Illinois CPA Society

View the slideshow >>


10 Tips on Amending a Tax Return

The IRS shares some advice on fixing a return

View the slideshow >>


CPAs and Tax Pros Gone Wrong

Some of our favorite examples of professionals breaking bad

View the slideshow >>


Accountants Giving Back

A look at the many ways different CPA firms are contributing to their communities

View the slideshow >>


2016 Summer Reading for Accountants

Short, useful reads for your summer vacation

View the slideshow >>


12 Questions to Ask Your Cloud Provider

Moving to Web-based apps? Get answers to these questions first.

View the slideshow >>


6 Tax Tips for Students Working Summer Jobs

Along with establishing a good work ethic and building time and financial management skills, a summer job also means learning about the obligatory duty of paying taxes. Here are some tips for tax clients with children working summer jobs from Abigail Schaffer, a staff accountant at Kessler Orlean Silver & Co.

View the slideshow >>


Tax Tips for the Armed Forces

The IRS has put together its annual selection of advice for members of the military

View the slideshow >>


6 Tips for Retaining Millennials

Bruce Tulgan shares the best ways to keep your young stars

View the slideshow >>