Income Tax

The first thing you should do NOW, and the one thing you should not do, at least not yet.

The accounting and advisory firm CohnReznick LLP recently raised more than $105,000 at its 13th annual employee Bowl-A-Thon, which benefits Make-A-Wish New Jersey. This brings the total raised for Make-A-Wish by the Firm over the last 13 years through employee fundraising, donations, and raffles to more than $1.45 million.

A new tax snag that has hit marijuana stores could cause delays in new openings, higher product prices, and even closures of newly opened stores.

A little-noticed tax case the Michigan Supreme Court decided in July could have huge financial implications for the state -- costing it more than $1 billion.

It is well-established that you can deduct home office expenses only if certain tax law requirements are met. Notably, no deduction is allowed unless the taxpayer uses the home office regularly and exclusively for business purposes.

A new study shows that 78 percent of Americans feel vulnerable to tax scams and 57 percent do not know how to prevent or protect themselves from falling victim to one.

A majority of U.S. taxpayers view tax scams as a major issue for them, with 78 percent of Americans believing they are vulnerable and could become a victim.

The latest Blackbaud Index shows that overall charitable giving to nonprofits increased 1.6% and online giving increased 8.0% for the first half of 2014 as compared to the first half of 2013. In addition, overall charitable giving grew 1.5% and online giving grew 8.7% for the three months ending June 2014 as compared to the same period in 2013.