Income Tax
Latest News
FASB Seeks Comment on Financial KPIs
N.Y. Congressman Requests Trump’s Support For Tax Cap Elimination
AICPA News – Nov. 2024
Chicago Aldermen Give Mayor Brandon Johnson’s $300M Property Tax Plan the Boot
ADP and Wolters Kluwer CT Partner to Streamline Wage Garnishment Processes for Employers
Handling wage garnishment orders can be challenging for companies to do on their own, as requirements vary by state, jurisdiction and the particular court ordering the garnishment. Differences in maximum withholding limits, calculations, lien ...
What’s the Difference Between Your Personal Credit Score and Your Business Credit Score?
Personal credit scores range from 300 to 850 with a score of 680 or higher considered excellent, though each reporting agency uses its own proprietary algorithm to calculate a personal credit score so your score may vary somewhat with each of these ...
IRS to Go Where No Agency Has Gone Before
According to a new report by the Electronic Tax Administration Advisory Committee (ETAAC), the IRS has made significant strides on the electronic frontier, but the mission is far from complete.
IRS Ramps Up National Tax Forums
The 2015 IRS Nationwide Tax Forums offers seminars over three days featuring up-to-date information from the IRS and professional experts in the areas of tax law, compliance and ethics. It also provides continuing education credits to ...
AICPA Warns of Financial Scams Against Elderly
A contributing factor to the emotional impact of financial fraud or abuse is how often this situation involves family members. The most common types of elder financial abuse or fraud seen by CPA financial planners over the past five years were ...
10 Tax Breaks Could Be Made Permanent: Sec. 179, Bonus Depreciation, Tuition and More
There is a plan to push a package of these tax extenders earlier than usual this year and to make them permanent, once and for all. This will enable taxpayers, including both individuals and businesses, to plan accordingly.
Summer Jobs and Taxes: What Teens and Parents Need to Know
School’s out for summer! While it’s a time for rest and recreation, many of your clients have teenaged children who will be working during the summer months. It teaches them about responsibility, work ethic and, not surprisingly, taxes.
NSA Starts Petition for Tax Practitioners Bill of Rights
In response to the ongoing frustration of dealing with slow service from the Internal Revenue Service (IRS), the Tax Practitioner Bill of Rights calls for the right to have tax laws and rules passed in a timely manner, the right to quality service ...