Income Tax

There’s nothing new about taxpayers mixing business with pleasure. For instance, a business executive might paint the town red after he or she signs a six-figure contract with a client or customer. Is the cost of entertaining the client or customer ...

On September 18, the IRS released an advanced copy of Rev. Proc. 2014-54, which provides guidance on certain changes in method of accounting for dispositions of tangible depreciable property. One of the most notable changes in this 93-page document is tha

The latest report from Wolters Kluwer, CCH offers estimated ranges for each 2015 tax bracket as well as projections for a growing number of inflation-sensitive tax figures, such as the personal exemption and the standard deduction.

Suppose one of your clients receives a postcard or email heralding a business convention at a lush tropical paradise this winter. It’s hard to pass up and your client may jump at the opportunity. After the early presentations and round-table discussions,

More than 7 percent of U.S. workers are currently having their wages garnished, most of them for either child support payments or tax debts, according to a new study from payroll and human resources provider ADP.

The Indiana CPA Society is planning its 12th annual "CPA Day of Service," to be held Sept. 26, 2014. The event is a day of volunteer service that reflects the CPA profession's ongoing commitment to serving the communities where its professionals live ...

Sit back and brace yourself for some good tax news? A new report from financial and legal information company Bloomberg BNA points to lower upcoming tax bills for many U.S. taxpayers as a result of adjustments based on the higher Consumer Price Index.

With students now back to school or college, tnow is a good time to see if they will qualify for either of two college tax credits or any of several other education-related tax benefits when they file their 2014 federal income tax returns.