Tax

Highlights of some of our favorite tax-related blogs from the past week.

The Web series Nacho Punch recently posted a funny new video for Tax Day satirizing trailers for romantic comedies, this one involving an accountant named Beth and a hapless taxpayer named Ben who fall in love over his taxes.

Scott Fleszar of Thomson Reuters Tax & Accounting talks with Dan Hood of Accounting Today about how accountants should deal with younger consumers who are accustomed to using mobile devices and Web-based services.

It’s no surprise that tax rates affect economic behavior.

The U.S. House of Representatives voted to let taxpayers deduct state sales taxes on their federal returns, a victory for residents of Texas, Florida and other states that lack an income tax.

A new study of consumer spending of tax refunds finds a correlation between how the refunds are perceived and whether taxpayers opt to spend the money right away or save it for later.

The U.S. House voted to repeal the 99-year-old U.S. estate tax amid a partisan clash over whether the government should break up concentrated wealth or make it easier to pass along assets to the next generation.

Faced with steep budget cuts, the Internal Revenue Service directed more taxpayers to consult Web sites and its mobile app for answers to their questions this year rather than visiting the IRS’s walk-in Taxpayer Assistance Centers or calling its phone lines, while also using technology to detect tax refund fraud.

In 2011, the federal government stopped the Advance Earned Income Tax Credits program. Today, Earned Income Tax Credits still exist, but on a 1040 personal tax return level only.

Tax directors at many organizations anticipate their companies will grow by entering into new domestic and international markets in the years ahead, according to a new survey by BDO USA.