U.S. Income Tax turns 100, Comparing 1913 to 2013 income tax rates
Taxes used to be a lot simpler: The ratification of the Sixteenth Amendment, which established the modern federal tax law, was proclaimed 100 years ago on February 25, 1913.
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Senate may consider online sales tax in 2013
Not a new tax. A bipartisan group of U.S. Senators hope to accomplish is the passing of a bill that would better enable states to collect taxes on transactions.
2013 Mileage Rate for Business Travel Deduction – IRS
The standard mileage rates for business travel expenses for 2013. Also, medical mileage rates, moving driving rates, and charitable driving rates for deduction purposes.
Texas lawyers invested millions in unqualified tax shelters
Three Texas personal injury lawyers will have to pay up after a tax court decided yesterday that they invested hard-earned fees in tax shelters that couldn’t pass the Internal Revenue Service’s smell test.
IRS Reminds Taxpayers to Report 2010 Roth Conversions on 2012 Returns
The Internal Revenue Service reminds taxpayers who converted amounts to a Roth IRA or designated Roth account in 2010 that in most cases they must report half of the resulting taxable income on their 2012 returns.
Small Businesses and the Affordable Care Act, ObamaCare
The National Association of Enrolled Agents has issued the following statement on how the Affordable Care Act, aka ObamaCare, will affect small businesses:
Tax ID Theft: More than half of consumers believe the IRS is responsible
Survey shows Americans blame IRS for tax ID theft, instead of themselves for lax precautions.
Latest version of Sage Fixed Assets addresses American Taxpayer Relief Act
Sage has announced new enhancements to Sage Fixed Assets 2013.1.