The Internal Revenue Service did not establish processes to verify eligibility for the Work Opportunity Tax Credit, according to a new government report. Read more »
Legislation to deter U.S. companies from moving their addresses overseas should avoid retroactive taxes, prevent a net tax increase and move toward a revamp of the tax code, Senator Orrin Hatch of Utah said today. Read more »
The U.S. District Court for the District of Columbia has ruled that the Internal Revenue Service doesnt have the authority to regulate CPA tax return preparers contingent fee arrangements in the preparation of ordinary refund claims. Read more »
Thomson Reuters has released a special report for tax professionals on how to respond to Internal Revenue Service examinations. Read more »
In another blow to President Baracks Obamas signature legislation, a three-judge panel on the D.C. Circuit Court of Appeals has ruled in favor of the plaintiff, declaring the laws premium subsidies are invalid in more than two dozen states due to the laws specific language. Read more »
Undercover investigators working with the Government Accountability Office found it was easy to falsify information when applying for Premium Tax Credits to help pay for health insurance. Read more »
A court rules the government cant give financial assistance to anyone buying coverage on the insurance marketplace run by federal authorities. Read more »
The Internal Revenue Service has released final regulations to amend the definition of research and experimental expenditures, providing guidance for taxpayers engaged in research activities on the treatment of amounts paid or incurred in connection with the development of tangible property, including pilot models. Read more »
A tax preparer and bookkeeper in Southern California was sentenced to 36 months in prison for using the stolen identities of her relatives and former clients to file fraudulent tax returns with the Internal Revenue Service. Read more »
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April 27, 2014
A list of tax-focused handles worth following
April 21, 2014
Apparently, theres no end to the ridiculous things taxpayers believe
March 19, 2014
The NAEAs collection of ridiculous things tax clients believe
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?