Tax

Sole proprietors and practitioners mainly generate their revenue during tax season from tax preparation clients, but there are other opportunities for them.

Now that school is out (unless you live in a part of the country still making up for lost “snow days”), it’s easy to get caught up in the general euphoria and take a vacation from thoughts of tax preparation for the summer. But now is precisely the time preparers need to keep communication lines open with their clients, according to Chuck McCabe, president of Peoples Income Tax and The Income Tax School.

The Internal Revenue Service is moving ahead with a voluntary tax preparer education program after legal challenges derailed an earlier mandatory testing and continuing education program.

A new study suggests that tax filing season could be the best time to sign up clients for health coverage under the Affordable Care Act rather than the current open enrollment period.

Bloomberg BNA has released FATCA — Information Reporting and Withholding Under Chapter 4, a new report portfolio in which international tax practitioners from PricewaterhouseCoopers analyze the reporting and withholding requirements imposed by the Foreign Account Tax Compliance Act on both financial and non-financial institutions.

Sales and use tax software developer Avalara has signed a strategic alliance with tech industry tax specialist Carolynn Iafrate Kranz to use her database and expertise to help refine Avalara’s cloud-based system.

Bill and Hillary Clinton have long supported an estate tax to prevent the U.S. from being dominated by inherited wealth. That doesn’t mean they want to pay it.

The international Organization for Economic Cooperation and Development has released a new report suggesting a number of reforms to strengthen the U.S. economic recovery, including tax reform.

Thomson Reuters has released a special report highlighting key provisions of the Affordable Care Act that employers, accounting firms and other professionals should understand to avoid tax penalties.

H&R Block reports that its revenues for the fiscal year ended on April 30 rose $118 million (4.1 percent), to slightly more than $3 billion.