Policy makers on both sides of the partisan divide, from Treasury Secretary Jacob J. Lew to Mitt Romneys economic adviser Glenn Hubbard, favor expanding the Earned Income Tax Credit. This rare harmony holds the potential to reshape the debate on bridging the growing opportunity gap. Read more »
Thousands of Credit Suisse Group AGs U.S. clients still dont know whether tax authorities will learn their identities as prosecutors work to conclude a three-year probe of how the bank helped them evade taxes. Read more »
The Internal Revenue Services Low Income Taxpayer Clinic Program Office has issued its second annual program report on how LITCs help thousands of low-income taxpayers across the country with pro bono representation, education and advocacy services. Read more »
Lois Lerner, who oversaw the Internal Revenue Services scrutiny of Tea Party groups, was looking for someone from every branch of government to help resolve the issue that eventually cost her job. Read more »
House Ways and Means Committee Chairman Dave Camp, R-Mich., said that after months of discussions with the Internal Revenue Service on producing documents pertaining to the committees investigation of the IRS scrutiny of political groups and subsequent issuance of 501(c)(4) rulemaking, the IRS will turn over emails and documents from the former head of the IRSs Exempt Organizations unit, Lois Lerner, to him. Read more »
The Internal Revenue Service reminded home-based businesses and their tax preparers Friday about a new simplified option for claiming the home office deduction that is available for the first time this year, allowing home businesses to deduct up to $1,500 from their taxes. Read more »
The Internal Revenue Service has created a new video for YouTube that aims to provide useful tax tips for married same-sex couples. Read more »
President Barack Obama is proposing more tax increases for U.S. multinational corporations, seeking ways to prevent them from avoiding taxes by exploiting gaps in international law. Read more »
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February 7, 2014
The Tax & Accounting business of Thomson Reuters has compiled its annual sampling of quirky sales tax changes passed or implemented in 2013.
January 31, 2014
The Minnesota Society of CPAs recently conducted its annual CPA member survey about the most strange and unusual tax deductions proposed by clients. The responses included everything from pets and wedding rings to gifts not given.
January 24, 2014
The Taxpayer Advocate proposes a list of rights and responsibilities
September 30, 2013
Are you helping your clients avoid these common blunders?
August 23, 2013
Deductions, credits and other provisions that are slated to go at the end of the year
June 19, 2013
How the states grab business taxpayers
May 31, 2013