Tax

The American Institute of CPAs has faced a hectic year dealing with problems like the last-minute fiscal cliff deal that delayed tax season, along with the after-effects of Superstorm Sandy and the impact of changes at the Internal Revenue Service that made life difficult for many tax practitioners.

When construction slowed during the recession, some companies hired workers and wrongly designated them as independent contractors to avoid paying insurance, taxes, fair wages and overtime.

CCH has released a new tax briefing offering insights and analysis to assist tax practitioners and their clients with year-end tax planning.

Mary Kopczynski, CEO of 8of9 Consulting, discusses the Foreign Account Tax Compliance Act, and its implications, delays and controversies, in the first of a two-part interview with AccountingToday.com editor-in-chief Michael Cohn.

Thomson Reuters’ WorldTrade Executive brand has released the latest edition of Global Transfer Pricing Solutions, a book that covers regulatory changes and provides analysis in the field of transfer pricing.

The Income Tax School Inc. has introduced the All-States Individual Income Tax Guide, aimed at students of the company’s ITS Comprehensive Federal Income Tax Course in individual Form 1040 Individual Income Tax Preparation.

Legislation approved by the Senate earlier this year to require online businesses to collect sales taxes from out-of-state customers could have a unfair impact on businesses owned by minorities, women, veterans and other groups, according to a new study.

As 2013 comes to an end, employers, employees and self-employed individuals should make sure they are complying with the new 0.9 percent additional Medicare tax, according to Thomson Reuters.

It won’t be long before tax season gets underway again, and before the upcoming busy season fades from mind to join all previous busy seasons, I encourage you to reflect. Think about your clients because, after all, they’re the people who contribute significantly to making your busy season what it is, in all its glory and misery. My question for you is: which three clients are you going to fire?

The Return Preparer Office of the IRS has released details on the professional credentials of those who currently hold Preparer Tax Identification Numbers, or PTINs.