Income Tax
Latest News
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
Accountant Gets Jail Time For Charging $3 Million on New Jersey Employer’s Credit Card
New Jersey Joins IRS Direct File For 2025 Filing Season
Resource for finding out more about proposed Ohio tax changes
A new online resource center has been launched to help Ohio businesses and individuals stay apprised of the significant tax changes and financial implications proposed by Ohio Governor John Kasich's biennial budget bill (House Bill 59).
Small Businesses and the Affordable Care Act, ObamaCare
The National Association of Enrolled Agents has issued the following statement on how the Affordable Care Act, aka ObamaCare, will affect small businesses:
Florida is #1 in nation … In identity theft tax fraud
Florida ranks first in stolen identity tax refund fraud, a problem so pervasive it's now known as SIRF.
Wage growth expected to remain stagnant
The rate of annual wage growth for private sector workers is expected to show little, if any, change in the coming months.
Tax ID Theft: More than half of consumers believe the IRS is responsible
Survey shows Americans blame IRS for tax ID theft, instead of themselves for lax precautions.
Tax professionals offer tips to avoid IRS audits
During the past decade, the IRS has gotten more business-like about the taxpayers they select to audit. Like all smart businesses, the IRS wants to turn a profit these days. Currently, tax returns are selected for audit based on the chance that the IRS will find enough errors or missing income to generate additional taxes – and perhaps penalty and interest.
Survey says 65.6% of Texans plan to pay down debt with their tax refunds
According to a survey by the Texas Credit Union League (League), 65.6 percent of Texans who participated in a recent League survey said they plan to use their tax refund to pay off debt. Similarly, 45.9 percent of Texans plan to use their refund to jump start their savings.
Leadership change at CCH SFS, maker of ATX tax software
ATX has long been a popular professional tax preparation system for small and mid-sized tax preparers, but this year many of these professionals have been less than pleased with the new version of the program.