Income Tax
Latest News
Report Says Undocumented Immigrants in U.S. Pay Nearly $100 Billion in Taxes
Emburse and Finexio Partner for B2B Payments
How Generative AI Will Disrupt Accounting
Mid-Market Optimism Hits Pre-Covid Record Highs
Where’s My Tax Refund? App and Website Make It Easy to Find Out
Two of the most asked questions by Americans this time of year are either, "How Much Do I Owe?," or "Where's My Income Tax Refund?"
![iStock IRSwebsite 350 1 54dbaa376a8a3](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/17999/iStock_IRSwebsite_350_1_.54dbaa376a8a3.png)
IRS Phone Lines Backed Up, Agency Recommends Using Online Tools
The IRS reminded taxpayers the Presidents Day holiday period typically marks one of the busiest weeks of the tax filing season for its phone lines. There are other alternatives to help taxpayers find answers to commonly asked tax questions.
IRS Warns Taxpayers of Frivolous Tax Arguments, Potential Penalties
Taxpayers should be on the lookout for scam artists and scheme promoters peddling outlandish arguments.
![When I Grow Up, I want to be a Tax Accountant - Before and After](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/17989/default.54da433a8880e.png)
When I Grow Up, I want to be a Tax Accountant
Have you every wondered what you were thinking? It's only mid-February and the hardest part of tax season is still to come. At least this will make you laugh.
![How Small Businesses & Self-Employed Can Use the IRS Online Tax Calendar](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/17987/default.54da4250e9f6b-768x432.png)
How Small Businesses & Self-Employed Can Use the IRS Online Tax Calendar
For small business owners and other self-employed individuals required to make regular tax deposits or payments, keeping track of them can be complicated. This video shows how these taxpayers can use the business due dates feature and other functions in t
![small business tax guide 1 54da37ebd1661](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/17983/small_business_tax_guide_1_.54da37ebd1661.png)
Tax Tips for Those Who Started a Business in 2014
Small businesses are the backbone of America’s economy and, according to the U.S. Small Business Administration, nearly half a million new businesses are started each year. These new entrepreneurial ventures join the ranks of the nearly 28 million small businesses around the nation. With tax season upon us, it’s important that the taxpayers behind these […]
IRS Says 2015 Tax Season Off to Record Start – Average Refund $3,539
The 2015 tax filing season is off to a strong start with most taxpayers filing their returns electronically and choosing direct deposit for their refunds, according to the Internal Revenue Service.
![TAX PREP 1 54da2f4b05376](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/17975/TAX_PREP_1_.54da2f4b05376.png)
Before Hiring a Tax Preparer, Check Their Credentials
The IRS and other groups warn that people shouldn’t trust their private financial documents to just anyone. It’s good to know exactly what their tax preparer’s credentials mean, and whether they really qualify as credentials at all.