Income Tax

The new tax law signed at the end of last year – the Protecting Americans from Tax Hikes (PATH) Act of 2015 – improves the tax-free transportation benefits that may be offered to employees.

[The new “extenders law” enacted late in 2015 retains several key tax provisions and makes them permanent with certain modifications. This is the third part of a series of articles on these tax breaks.]   The tax law offers some tax relief to cash-strapped parents who are paying for the cost of higher education. Notably, the biggest […]

Bloomberg BNA's popular BNA Income Tax Planner (version 2015.3) software has been updated to support the recently approved Protecting Americans from Tax Hikes (PATH) Act of 2015. This Act extends or makes permanent the individual tax breaks that have ...

The expanded security features offer additional ways to authenticate tax preparers’ identities upon account sign in and verification of their E-File Identification Number (EFIN) before electronic filing.

In the new tax law signed at the end of the last year – the Protecting Americans from Tax Hikes (PATH) Act – the credit is extended retroactive to January 1, 2015 and made permanent, with several notable enhancements.

Recent data show the number of actual donors (as a percentage) giving to nonprofit organizations is on the decline, even with actual dollar amounts continuing to rise. Nonprofits will need to explore new giving models and look at ways to capitalize on ...

Though taxpayers should always keep a copy of their tax return for their records, some may need the information from filed tax returns for many reasons. This includes college financial aid applicants or taxpayers who have applied for a loan to buy a ...

This IRS Form 1040-EZ is for reporting income received from Jan. 1 to Dec. 31, 2015, which the recipient will file a tax return for in 2016. The form says 2015 because it is for reporting income earned in 2015.