Income Tax

The Internal Revenue Service has released annual inflation adjustments for more than 40 tax provisions, including the tax rate schedules, and other tax changes. The result is that many tax deductions and credits may be even more attractive in 2014.

Bloomberg BNA and KPMG will host a free webcast called “The Elections: What’s Next for U.S. Tax?,” on Thursday, November 6 from 9:00 a.m. to 12:30 p.m. The event will feature some of the leading names in tax, who will provide their take on how ...

Make no mistake about it, the home office deduction rules are filled with potential landmines for the unwary. However, if you give clients the IRS-approved blueprint, they can preserve deductions for 2014.

Intuit is introducing three new programs aimed to make tax professionals more profitable with incentives up to $25 per return, free software offers and a free service to find new clients.

The IRS is failing to provide personal identity numbers to all taxpayers who are the victims of tax-related identity theft, according to a report publicly released today by the Treasury Inspector General for Tax Administration ...

So what is the key to succeeding this tax season? Marketing – and lots of it. But marketing alone isn’t enough; you have to market well…

The ultimate fate of the Section 179 deduction remains unclear. As things stand now, the maximum allowance will remain at the lowest level it’s been since the year 2000, a mere $25,000. Of course, Congress may still get its act together to restore...

Thomson Reuters has launched a new program to help accounting students explore the possibilities of a career as a tax professional. The program, called "Taxologist of Tomorrow", provides high school students with hands-on, technologically driven lessons t