Tax

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

A new government report finds some early evidence that the Advance Premium Tax Credit probably contributed to an expansion in health insurance coverage last year, but also notes that some taxpayers still lack access to affordable health plans.

Grant Thornton has issued a document describing the advantages of relocating businesses to other countries, including their tax profiles.

The consumer finance site WalletHub has produced an analysis of 2015’s Best States to Be Rich or Poor from a Tax Perspective.

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.

The use of captive insurance by U.S. companies to manage costs and risks and realize tax benefits has been a legitimate activity for years. However, the IRS has recently focused significant audit resources on small and mid-market companies that are forming small or “micro” captive insurance companies.

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.

This week’s edition of the Blotter includes not just our usual collection of preparer-related fraud, but also a chilling story about a preparer whose clients turned violent.

The Minnesota Society of CPAs has compiled a list of red flags that could trigger an audit from the IRS if they apply to your clients' tax returns.