Taxes February 6, 2026
IRS Issues Proposed Rules on Clean Fuel Tax Credit
The Treasury Department and the IRS released proposed regulations Feb. 3 on the clean fuel production credit under the One Big Beautiful Bill Act.
April 15, 2015
For Taxpayers Who Missed the April 15 Deadline, Here’s What To Do
So, what can a taxpayer do if they didn't file in time, but they also don't want to keep their head buried in the sand? For most Americans who are owed a tax refund by the IRS, there's no need to panic. The tax agency doesn't assess penalties when a ...
April 15, 2015
Hey Millennials: What Are You Doing With Your Tax Refund?
Millennials are about to get millions of dollars from the IRS. What they plan on doing with it may tell us whether they will be the frugal types they are sometimes credited with, or will follow in the free-spending footsteps of the generation before them.
April 15, 2015
Here’s What the IRS Does to People Who Fudge the Truth on Charitable Donations
Court nullifies $37,000 deduction for donations of used property to charities, then adds 20% penalty.
April 14, 2015
Split Decision on IRAs: Pub 590-B Covers Distribution Rules
The new Pub. 590-B applies to 2014 tax returns filed in 2015. Two aspects that have often befuddled taxpayers in the past are the RMD rules for Roth IRAs and the options available when inheriting traditional IRAs.
April 14, 2015
President Obama’s Income Tax Return Shows Drop in Earnings
In his sixth year in office, President Obama’s taxable income has continued to decline, according to his 2014 tax return.
April 9, 2015
IRS Splits Pub. 590 on IRAs: Here’s the Skinny on 590-A
Generally, your deduction for an IRA contribution is phased out if you are an active participant in an employer-sponsored retirement plan (or your spouse is an active participant, if married) and your modified adjusted gross income (MAGI) exceeds an ...
April 6, 2015
IRS Chief to Ted Cruz: Agency Won’t Simply Go Away
During the announcement of his candidacy for president last month, Cruz kicked off another controversy by advocating the elimination of the IRS. He said that the U.S. could impose a “simple flat tax that lets every American fill out his or her taxes ...
April 6, 2015
IRS Offers Tips for Last Minute Income Tax Filers
For these procrastinators, the rush is on. The IRS is offering reminders for these last-minute income tax filers.
April 1, 2015
10 Things Tax Procrastinators Need to Know
Here are 10 important things the American Institute of CPAs recommends that taxpayers know about getting their federal tax return to the Internal Revenue Service (IRS) by the Wednesday, April 15 filing deadline and about filing for an extension.
March 31, 2015
AICPA Recommends Reforms to Business Income Taxes
The American Institute of Certified Public Accountants has sent a letter to the Senate Finance Committee Tax Reform Working Group on Business Income Tax that makes suggestions about how to simplify business income tax.
March 30, 2015
Accountants Tell Congress That Tax Reform Must Come Soon
The nation's largest society of professional accountants is telling Congress that tax reform isn't just something to think about, it's something needed soon.
March 23, 2015
Want to Cut Your Taxes? There’s Still Time to Contribute to an IRA for 2014
Taxpayers still have time to decrease their 2014 taxes by contributing to an IRA. In most cases, doing so can help them qualify for a deduction or even a tax credit.