Tax

U.S. business executives are concerned about global competitiveness in light of the disparity between tax rates charged to their overseas competitors and the rates they are charged as U.S. corporations.

More than 27 million taxpayers have filed their tax returns from their home computers so far this tax season, an increase of almost 6 percent compared to last year.

The Internal Revenue Service has revised its guidance on electronic signatures, with updated information on the currently acceptable electronic signature methods, identity verification requirements and electronic record requirements.

CCH has updated its ProSystem fx Tax solution with new, integrated CCH eSign functionality in response to the IRS's recent change to Form 8879.

Many individual tax returns select a third-party designee, but even though this designation is widely used, its scope is often misunderstood.

Policy makers on both sides of the partisan divide, from Treasury Secretary Jacob J. Lew to Mitt Romney’s economic adviser Glenn Hubbard, favor expanding the Earned Income Tax Credit. This rare harmony holds the potential to reshape the debate on bridging the growing opportunity gap.

Charitable donations typically drop off after the surge at the end of the year, and soon after that clients can compile their list of their contributions from the previous year so they can provide this information to their accountants.

H&R Block has launched a series of YouTube music videos featuring various musicians singing about the excitement of getting a tax refund.

The Internal Revenue Service reminded home-based businesses and their tax preparers Friday about a new simplified option for claiming the home office deduction that is available for the first time this year, allowing home businesses to deduct up to $1,500 from their taxes.

Check out the digital edition of the March 2014 issue of Accounting Today.