Income Tax
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Carr, Riggs & Ingram Adds ProSport CPA
Review of SuiteFiles – The Accounting Technology Lab Podcast – August 2024
Avalara Adds Generative Chat to Bolster Support and Product Experiences for Customers and Partners
What Can be Done About the Accounting Talent Shortage?
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Americans Ignoring Risk of Tax Identity Theft
Americans are ignoring simple precautions and best practices this tax season that could easily lead to stolen identities and hacked personal information, according to a new national survey by IDT911, a data security and identity theft protection firm.
Labor Dept Targets Fast Food Franchises On Wages
Investigations completed in the last five quarters nationwide have resulted in fast food employers paying more than $6.7 million in back wages owed to nearly 18,000 employees.
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Many Taxpayers Could Benefit from Saver’s Income Tax Credit
The credit is available to workers aged 18 years or older who have contributed to a company-sponsored retirement plan or IRA in the past year and meet the Adjusted Gross Income (AGI) requirements.
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Frivolous Tax Arguments Won’t Win Against the IRS
Examples of frivolous arguments also include contentions that the only “employees” subject to federal income tax are employees of the federal government; and that only foreign-source income is taxable.
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New System Helps Corporations Identfy Global Tax Credits and Incentives
Thomson Reuters has launched the new Checkpoint Credits & Incentives Pinpointer: International, a solution designed to help multinational corporations (MNCs) identify tax credits and incentives that apply to global jurisdictions to maximize tax-saving ...
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False Income Reporting for EITC is Common Tax Scheme: But the IRS is Watching
The IRS is warning taxpayers to avoid schemes to claim tax credits on their returns that they don't truly qualify for. This is especially true of the Earned Income Tax Credit, which some people misreport their income in order to claim, and which is on ...
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IRS Targets Bogus Tax Shelters
Illegal scams can lead to significant penalties and interest and possible criminal prosecution. IRS Criminal Investigation works closely with the Department of Justice (DOJ) to shut down scams and prosecute the criminals behind them.
Avalara Launches AvaTax Excise for Multi-Tax Industries
Avalara, Inc. has launched a new solution for the determination and calculation of tax for businesses in industries such as bulk fuel distribution, residential propane and heating oil distribution, vehicle and equipment rental, wholesale tobacco, and ...