Roger Russell

Managing your position in the middle of warring spouses

While it has been around in a variety of forms since 1993, the exclusion for Qualified Small Business Stock Gains under section 1202 of the Tax Code didn’t really come into its own as a tax benefit until the exclusion rate increased to 100 percent in 2010.

Most taxpayers have at least a vague understanding of the principle that gifts do not constitute taxable income, while payments for services are taxable. Unfortunately for exotic dancer and professional adult entertainer Veronica Fairchild, there is no middle ground which would allow her to include in income some of the money she received from a client as payment for her services, while she characterized the bulk of what she received as gifts.

Democratic Presidential hopeful and U.S. Senator Bernie Sanders has urged the Treasury to block Pfizer’s planned corporate inversion.

Although a recent ABC News/Washington Post Poll found just 6 percent of voters who lean Republican and 4 percent of those who lean Democrat rank taxes as the most important issue impacting their vote, one in five public company tax directors feel differently.

With a 400 percent surge in reported phone and email phishing and malware schemes this tax season, the American Institute of CPAs is working with Congress, the Internal Revenue Service and its members to combat tax-related identity theft and tax return fraud.

The Tax Court agreed with the Internal Revenue Service in disallowing an attorney’s attempt to write off her family’s travel costs as an expense for some books she wrote.

Scope creep—the enlargement of the job the CPA was hired for—can have both positive and negative implications for an accounting practice.

Despite government disapproval, corporate inversions still have fans

With cases of identity theft and tax fraud increasing almost exponentially, tax preparers should educate their clients about the dangers they face in having their information compromised, according to executives at several credit monitoring and identity protection services.

Handling the IRS, clients and the other frustrations of tax filing season

The Internal Revenue Service is appealing a court decision that it lost last year to a chip maker in a case involving stock-based compensation.

Cyber liability has moved to the forefront of hazards facing the CPA profession, according to industry experts.

Tax season may not be the easiest time for preparers to develop new business, but it may be the best time, according to Chuck McCabe, president of Peoples Income Tax.

Are CPAs really afraid to talk about fees with their clients? That’s what Tom Wheelwright, founder of the accounting firm ProVision, thinks.

At least one state looks to fatten up on cookies, the bits of computer code that websites leave on computers and smartphones to track user data and to improve website experience, by claiming it establishes nexus for sales tax purposes.

As tax season kicks off, tax preparers are keeping their fingers crossed.

Given that tax prep businesses, like all businesses that depend on repeat customers, lose a portion of their client base each year, it is imperative they market themselves and attract new clients just to stay even.

While the passage of this season’s extenders bill was widely anticipated before the end of 2015, it nevertheless contained some surprises for many observers.

The U.S. Court of Appeals for the Ninth Circuit has reversed a judgment of the District Court for the Northern District of California in an income tax refund action brought by Al Davis, former principal owner of the Oakland Raiders, and his wife Carol Davis.