Tax season

One out of three small businesses reported spending more than 80 hours per year and more than one-quarter spend over $10,000 annually on complying with their federal tax obligations, according to a new survey by the National Small Business Association.

Tax pros share their clients’ worst ideas about taxes

Frustrated taxpayers are encountering ever longer wait times on phones when seeking assistance from the Internal Revenue Service as tax season draws to a close, according to the head of the union representing IRS employees.

Taxpayers who make cash contributions on or before April 15 to charities providing relief for the families of two slain New York police officers can receive an immediate tax benefit.

Tax preparers share their clients' strangest misconceptions

April is Financial Literacy Month and Fred Slater, CPA, and Ellen Minkow, CPA, of MS 1040 LLC in New York City are offering some special tax advice.

Sometimes what happens in Vegas doesn’t just stay on the Strip—it blows across the Sagebrush State like a wayward tumbleweed. Case in point: Nevada Health Link enrollees have been reporting mistakes on the 1095-A IRS forms to calculate their premium tax credit on the federally supported state-based HIX.

It’s tax time and the IRS is ready to receive your small business information from the past year. Can you guess who else is waiting for you to file?

A tax pro offers this seasonally appropriate missive

As we get into the final stretch of filing season, it is fulfilling the predictions made at the start.

Although Republicans are outlining a proposal to provide an “off ramp” for states and consumers to exit the Affordable Care Act, and the Supreme Court is hearing oral arguments on a legal challenge to the federally-operated health exchange, state exchanges have been up and running.

The consumer finance site Wallethub has ranked the best and worst states across the country where taxpayers can find accountants to help prepare their taxes.

On March 31, anyone who hasn't filed their taxes yet might reassure themselves that two whole weeks remain. Accountants see it differently and act accordingly: To encourage people to file early, certified public accountants and tax preparers offer discounts for early filers, raise fees for latecomers, and even employ a few scare tactics.

Tax season is supposed to be over on April 15. But among certain groups—especially the wealthy—filing for an extension until Oct. 15 is now routine.

Finding and retaining top talent is challenging for employers across every industry, including the accounting profession.

During the last month and a half the following occurred: Tom Brady and the New England Patriots won the Super Bowl. There is this dress on Facebook and nobody can figure out the color of it. The East Coast has been pounded by snow, and the West Coast will wait another year for winter along with the rain to arrive.

The Millennial generation is the most diligent when it comes to filing their taxes early, according to a new survey.

Internal Revenue Service Commissioner John Koskinen met with the heads of some of the major tax software companies, tax preparation chains, state tax commissioners and other officials in an effort to combat the growing problem identity theft and tax fraud.

Accountants see their small and midsize business clients making plenty of mistakes once tax season rolls around, but tax season may be too late to warn them.

The Internal Revenue Service is sending letters to verify the identity of taxpayers as part of its effort this tax season to combat the growing problem of identity theft.