Tax

There's more than enough work to keep them busy, accountants and advisors say.

Tax pros are divided on whether donating their time to file returns for the needy is worth it.

Even though the Internal Revenue Service approves 94 percent of the 501(c)(3) applications it receives through the simplified Form 1023-EZ, approximately a quarter of them do not pass the test.

Three members of the tax-writing House Ways and Means Committee have introduced bills to enhance the Earned Income Tax Credit, the American Opportunity Tax Credit and the Child Tax Credit.

The American Institute of CPAs is asking the Internal Revenue Service and the Treasury Department to issue regulations on the expansion of the R&D credit for startups.

Tax season is a busy time and there is a temptation to take a shortcut on procedures, skip some extra training or sidestep an extra effort to be in touch with a client. Succumbing to these and other temptations is a shortsighted mistake that should be avoided.

GSCPA brought over 100 of its members to meet with lawmakers.

Increasing levels of passive investment in companies could be encouraging them to pursue tax shelters.

Some of the most frequent problems with returns result from simple things like goofs in arithmetic, misspelled names and transposed numbers.

A pair of new government reports highlighted some of the hurdles the Internal Revenue Service needed to overcome last filing season as it struggles to help taxpayers and identity theft victims despite constrained resources.