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Professionals on the Move – Nov. 2024
Top Hyundai Exec Says EVs Are ‘the Future’ Even if Trump Kills Tax Credit
3 Reasons to Involve Your Children in Small Business Saturday
Review of Blue J – The Accounting Technology Lab Podcast – Nov. 2024
GAO: Taxpayer Identity Theft is Soaring
The IRS is grappling with a nearly five-fold increase in taxpayer identity theft between 2008 and 2010, a Government Accountability Office official plans to tell a House hearing Thursday. There were 248,357 incidents in 2010, compared to 51,702 in 2008.
ATP and ABA Credential Holders Exempted from IRS Voluntary Exams
Accredited Tax Preparers (ATPs) and Accredited Business Accountant/Advisors (ABAs) are exempt from the requirement to take an Annual Federal Tax Refresher (AFTR) course and exam that is part of the new Internal Revenue Service (IRS) voluntary Annual Filing Season Program (AFSP).
Using Your Car for Business Purposes? Keep Good Records for the Tax Deduction
What often sets business taxpayers apart from individuals is the potential for deducting expenses relating to business driving. For virtually everyone else, the cost associated with operating a car or other vehicle is a nondeductible personal expense. However, if you use your own vehicle for business trips, you’re usually entitled to deductions on your federal tax return.
5 Ways to Spot Fake IRS Phone Calls
The Internal Revenue Service continues to warn taxpayers across the country of a series of scam phone calls from people pretending to be IRS officials in order to get sensitive personal information. On Thursday, the agency issued a new consumer alert to provide taxpayers with additional tips to protect themselves.
Two Miami Women Face Tax Fraud Charges: $3 Million-plus in Bogus Refunds
Two Miami-Dade women have been charged with preparing dozens of phony income-tax returns and pocketing a chunk of the multimillion-dollar refunds, the U.S. attorney's office said Tuesday.
Truckers: Highway Use Tax Returns Due Sept. 2
Hey truckers, "got your ears on?" The Internal Revenue Service is reminding truckers and other owners of heavy highway vehicles that in most cases, their next federal highway use tax return is due on Tuesday, Sept. 2, 2014.
IRS Says Scam Targeted Previous Victims of Tax Scams
Tobias Elsass built a booming business capitalizing on the economic misfortune of others.
Wolters Kluwer, CCH Tax Data Chosen by IRS for 10th Consecutive Year to Help Millions File Returns
For the 10th year in a row, Wolters Kluwer, CCH has been selected by the Internal Revenue Service (IRS) for its comprehensive sales tax rate and taxability tables to help millions of taxpayers across the country prepare their tax returns. With access to updated information from thousands of tax jurisdictions provided by Wolters Kluwer, CCH, tax filers can determine whether they'll save more by deducting state and local sales taxes they've accrued during the year instead of taking standard or itemized tax deductions.