Income Tax

As we wrap up another busy season, we have the chance to catch our breath and reflect on the past few months. When reflecting to the beginning of 2013, many of us recall the fear of the unknown on various tax guidance and advice we had given the previous year.

Bipartisan Majority Overwhelmingly Supports a Level Playing Field for Main St. Retailers

The Internal Revenue Service today released its final report summarizing audit results from the IRS’ colleges and universities study, which began in 2008. This final report describes the agency’s multi-year project on a major segment of tax-exempt organizations.

Most business owners buy annual tax and assurance services from their accountant easily enough, but when it comes to investing in business advice, owners can be hesitant. Entrepreneurs reckon they know their business better than anyone and many take the attitude “if it ain’t broke, why fix it?”

The most recent estimate of the Tax Gap is $385 billion, and the the Internal Revenue Service needs to do more to collect those funds, according to a new report. The Tax Gap is the amount of taxes the agency estimates is owed, but is not reported or paid by U.S. taxpayers each year.

Tax day might have been Monday, but "Tax Freedom Day" arrived on Thursday, April 18, the 108th day of 2013, according to the Tax Foundation's annual calculation. Up until today, Americans have been working for the government.

Residents in Washington state shouldn't plan to buy any legal pot before well into 2014.

Once largely ignored by charities, the under-44 crowd is now out-pacing its elders in their personal giving habits, a trend fueled by social media and volunteerism.