Income Tax

The new bill was proposed after a prior regulatory program was successfully challenged in court by unlicensed tax return preparers (Loving, et. al. v. IRS, CA- D.C., No. 13-5061, 2/11/14). Subsequently, the IRS instituted a voluntary program.

All types of commercial properties can be considered “like-kind,” including apartment buildings, vacant land, farmland, office buildings and warehouses among other properties.

In differentiating your firm, you can speak in greater detail about the focused services you offer and the value of those solutions to clients. Furthermore, you no longer have to communicate to the masses, but rather can directly target to the ...

Donors must get a written acknowledgement from the charity for all gifts worth $250 or more. It must include, among other things, a description of the items contributed.

The IRS received 2,933 Forms 1099-K with gross transactions totaling $543.9 million for which the payee TIN was that of a deceased individual. TIGTA identified that the TIN Matching Program, used by payers to verify a payee TIN, does not alert the ...

Statistics show approximately 15 million Americans have their identities used fraudulently each year, with financial losses totaling upwards of $50 billion.

As your time runs out, the National Society of Accountants (NSA) also offers this list of tax changes and strategies, courtesy of Wolters Kluwer.

The three main partners in the program – the IRS, the states and other tax industry sources –will also be releasing additional YouTube videos highlighting these tips as the tax filing season approaches. The first video in the series is now available ...