News
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Tax Relief for Weather, Flooding Victims in Illinois
Victims of severe storms, straight-line winds, and flooding that began on April 16 in parts of Illinois may qualify for tax relief. Read more »
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Tax News
Holder Orders Criminal Probe of IRS Tea-Party Group Focus
Attorney General Eric Holder ordered a criminal investigation into the Internal Revenue Service’s targeting of small-government advocacy groups for extra scrutiny. Read more »
GAO Finds IRS Needs to Improve Internal Controls
The Government Accountability Office has released a new report finding that the IRS needs to improve its internal controls. Read more »
New Tax-Filing Requirements for Large Corporations and Partnerships
The Internal Revenue Service said Friday that it will be making changes to the filing requirements for corporate and partnership taxpayers with assets of between $10 million and $50 million in an effort to lighten the burden. Read more »
Charities Concerned about Congress’s Tax Reform Proposals
A coalition of charitable organizations is calling on Congress to protect the charitable deduction as leaders of Congress’s tax-writing committees step up their efforts to forge comprehensive tax reform. Read more »
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Obama Appoints OMB Official as Acting IRS Commissioner
President Barack Obama appointed Daniel Werfel, controller of the White House budget office, as acting commissioner of the Internal Revenue Service. Read more »
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TIGTA: ‘Ineffective Management’ Led to Targeting, Delays
According to a newly released report, a Treasury Inspector General for Tax Administration audit found that “ineffective management” had led the Internal Revenue Service to use “inappropriate criteria” to identify applications for tax-exempt status for review, leading to Tea Party and similar organizations receiving undue scrutiny and delays in their applications. Read more »
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Congress Plans Hearings on Scrutiny of Tea Party Groups
At least two congressional committees plan to hold hearings on the Internal Revenue Service’s admission that it targeted for special attention groups promoting limited government. Read more »
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IRS Promises to Get Warrants to Read E-Mails
The IRS has determined that it will follow the holding of a famous case in matters where Internet service providers are approached for contents of e-mail. Read more »
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Tax Tools
In the Blogs: Simplicity and Complexity
Highlights from some of our favorite tax bloggers this week. Read more »
Insights
Search Accounting Today
The Art of the Tax Cartoon
April 9, 2013
A selection of tax cartoons from Philly tax firm Drucker & Scaccetti's 'Finding Humor in Taxes' exhibit
Tax Quiz: Bonus Round
April 5, 2013
One last chance to test your tax knowledge with these final questions from the experts at the National Association of Tax Professionals.
Tax Quiz: Round One
March 11, 2013
Test your tax knowledge with these questions from the experts at the National Association of Tax Professionals.
Strangest Tax Laws
March 5, 2013
State lawmakers can certainly think of some strange tax laws. The Tax & Accounting business of Thomson Reuters recently produced its annual list of "quirky" sales and use tax laws from the past year.
Most Ridiculous Tax Deductions
February 20, 2013
The Minnesota Society of Certified Public Accountants recently surveyed its CPA members about the most creative tax deductions proposed by their clients. Here are some of the most memorable responses from the MNCPA's annual list of strange and unacceptable tax deductions for 2012.
Tax Stats: February 2013
February 9, 2013
Our monthly collection of statistics from the world of tax, from Beyond415
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