Income Tax
Latest News
TaxDome Launches Industry-First AI System to Transform Client Document Management in Time for Tax Season
Cherry Bekaert Acquires Kerr Consulting
CohnReznick Forms Alliance with Tipalti
MassCPAs Hosts 21 High School Students for Summer Accounting Careers Exploratory (ACE)
Virginia state senate approves Medicaid changes to budget
The Virginia State Senate voted 31-8 on Friday to approve amendments to the state’s two-year budget, including language to allow Medicaid expansion pending reforms in the state’s program. Twelve senators lodged a protest against the Medicaid language after Lt. Gov. Bill Bolling ruled that it could not be separated from the budget for a separate […]
Restaurant group owes IRS $2.2 Million
A Lancaster, Pennsylvania restaurant company is facing mounting tax bills, which have grown to more than $2 million. The Keares Restaurant Group now has $2.2 million in federal tax liens for unpaid taxes, penalties and interest on several businesses, some that have been closed for more than 10 years. The recently filed liens include: $932,680 […]
2013 Mileage Rate for Business Travel Deduction – IRS
The standard mileage rates for business travel expenses for 2013. Also, medical mileage rates, moving driving rates, and charitable driving rates for deduction purposes.
Bank tellers sentenced for cashing fraud-based IRS tax refund checks
Three people involved in a fraudulent tax-refund scheme were sentenced Thursday in federal court in Orlando for conspiring to defraud the government.
Texas lawyers invested millions in unqualified tax shelters
Three Texas personal injury lawyers will have to pay up after a tax court decided yesterday that they invested hard-earned fees in tax shelters that couldn’t pass the Internal Revenue Service’s smell test.
Intuit reports early tax season results: TurboTax unit growth accelerating since Jan. 30
Company Reiterates Full-year Revenue Guidance
IRS Reminds Taxpayers to Report 2010 Roth Conversions on 2012 Returns
The Internal Revenue Service reminds taxpayers who converted amounts to a Roth IRA or designated Roth account in 2010 that in most cases they must report half of the resulting taxable income on their 2012 returns.
Report: Half of Texas construction workers undocumented
Half of the construction workers in Texas are undocumented, according to a new report by an Austin immigrant rights group and University of Texas researchers that surveyed nearly 1,200 workers throughout the state.