Tax

Social media sites Facebook and LinkedIn are enjoying massive tax breaks on stock options, according to recent reports.

Accounting firm ParenteBeard has launched a Small Business Tax Toolkit offering online advice to small business owners who are looking for guidance on their taxes.

The Internal Revenue Service has introduced a new tool for determining a taxpayer’s eligibility for an offer in compromise that can help lower the taxpayer’s outstanding tax debts.

The Internal Revenue Service said Wednesday that it has observed problems with the filings for education tax credits that could be delaying processing of the tax returns.

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.

Last year, about $450 million belonging to top executives at billionaire hedge fund manager John Paulson’s New York firm took a quick round trip to Bermuda.

Accounting and consulting firm Crowe Horwath LLP has introduced Crowe K-1 Navigator, a tool that helps streamline Schedule K-1 tax-reporting processes for flow-through businesses such as partnerships and S corporations.

In my consulting activity the last few months of 2012, I saw the emerging symptoms of a new disorder in many family business owners: Post-Traumatic Gift Disorder, or PTGD.

President Obama appealed to Congress to balance tax reforms with spending cuts to avoid the painful automatic cuts imposed by the budget sequester deal.

BizLogr Inc. today unveiled MileLogr, an Internet service designed to help taxpayers get tax deductions for the business use of a car by figuring out the distances driven from data in the user’s calendar.