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.
March 4, 2016
Xero TaxTouch: New Schedule C App for the Gig Economy Entrepreneur Workforce
This workforce of independent contractors is estimated to be 54 million strong, according to a recent Freelancing in America study conducted by the Freelancers Union. That number includes temporary workers and business owners.
March 4, 2016
PwC Offers Economic and Tax Policy Outlook for 2016
Election-year politics will dominate legislative action in 2016 as both parties seek to lay out policy agendas for 2017 and beyond, which would seem to dim prospects for legislation in 2016.
March 2, 2016
Association Tells IRS That Hike in EA Test Fees Are Too Much
NAEA President Terry Durkin, EA, has requested that IRS share the costing models or methodology used to derive the user fees, but as of today NAEA has not received that information. Without this information, it is difficult to determine whether or not ...
March 1, 2016
IRS Warns Payroll and HR Pros of W-2 Scams
The Internal Revenue Service has issued an alert to payroll and human resources professionals to beware of an emerging phishing email scheme that purports to be from company executives and requests personal information on employees.
March 1, 2016
New Tax Laws Offer Big Benefits to Some Small Businesses
This legislation included the extension of more than 50 tax credit and incentive programs that expired on Dec. 31, 2014 – among them an array of federal tax credits that offer incentives to employers who implement various hiring, training and ...
February 29, 2016
Comparing the Income Tax Returns of the 2016 Presidential Candidates
The latest dust-up involving Donald Trump, the front runner for the Republican presidential nomination, centers around his federal income tax returns. To this point, Trump has declined to release information about his latest tax returns, citing ongoing audits as this reason for the refusal. In the meantime, chief GOP rivals Ted Cruz and Marco Rubio...…
February 29, 2016
Scammers Get Creative With Leap Day
You know you’ve been the consumer watchdog reporter for a long time when you start to think like a scammer. That’s exactly how my brain was working a week ago when I saw Leap Day was fast approaching. “I’ll write about all the Feb. 29 swindles that people should watch out for,” I thought. Incorrectly,...…
February 26, 2016
Super Tuesday is Also Tax Deadline for Farmers and Fishermen
Farmers and fishermen who chose to forgo making quarterly estimated tax payments for 2015 generally must file their 2015 federal return and pay any tax due by Tuesday, March 1, 2016.
February 26, 2016
New Law Increases Penalty for Not Filing Income Taxes
This penalty is equal to 5 percent of the additional taxes owed amount for every month (or fraction thereof) your return is late, up to a maximum of 25 percent. Previously, the minimum penalty for failing to file a return within 60 days of the due date ..
February 26, 2016
Millennials More Likely To File Paper Tax Returns … What?
They may have grown up with an always plugged-in and mobile world, but Millennials are actually more likely to turn to paper than any other age group, a new survey shows.
February 26, 2016
ADP Gives Accountants Free HR HelpDesk Access During Tax Season
ADP is offering accountants and their small-business clients free access to the ADP HR HelpDesk during tax season. This offer is available to accountants nationwide who can also select up to five of their small-business clients (those with fewer than ...
February 25, 2016
Tax Scams Increase 400% – IRS Issues New Alert
The emails are designed to trick taxpayers into thinking these are official communications from the IRS or others in the tax industry, including tax software companies. The phishing schemes can ask taxpayers about a wide range of topics.