A pair of senators have called on the Social Security Administration to end the policy of seizing taxpayers refunds to hold them accountable for decades-old errors made by the agency that led to the overpayment of benefits, and the agency has agreed to do so. Read more »
U.S. taxpayers would need to pay an average of $1,259 more a year to make up the federal and state taxes lost to corporations and individuals sheltering money in overseas tax havens, according to a report. Read more »
Internal Revenue Service commissioner John Koskinen addressed a special thank you to the tax community in an email to tax professionals Friday, noting that their work is critical to running the tax system and helping the nation. Read more »
U.S. states are trying to capture corporate income taxes lost to offshore havens, wary of companies exploiting rules that let them channel cash abroad and weary of congressional inaction. Read more »
The U.S. Office of Special Counsel has recently investigated several cases in which Internal Revenue Service employees allegedly engaged in partisan political activity in the workplace, advocating in support of President Obama. 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