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.
December 16, 2015
Ex-Baseball Star Strikes Out on Tax Appeal
The former All-Star ballplayer, who was named MVP of the American League in 1995, was appealing the decision against him by an Ohio district court. It isn’t known yet if Vaughn will pursue the matter any further.
December 15, 2015
IRS Tries To Require SSNs for Charitable Donations, Congress Acts
New proposed regulations that would permit nonprofit organizations to request Social Security numbers for donations of $250 or more could be stopped dead in their tracks. A new bill introduced in Congress by Senator Pat Roberts (Rep.-KA) would stop ...
December 15, 2015
The Worst Tax Penalties and How to Help Your Clients Avoid Them
There is one tax saving approach we can always assist our clients with, and that is educating them about tax penalties. What follows is a list of the most punitive tax penalties along with simple tips on making sure your clients are never ...
December 13, 2015
What Small Businesses Need to Know About Obamacare in 2016
As small businesses try to keep talent within the organization and compete with larger companies that offer health insurance, it’s essential that all understand exactly what Obamacare means to small businesses.
December 13, 2015
IRS Criminal Investigations Report Shows Focus of Agency’s Law Enforcement Side
CI investigates potential criminal violations of the Internal Revenue Code and related financial crimes in a manner to foster confidence in the tax system and compliance with the law. The 50-page report summarizes a wide variety of IRS CI activity ...
December 11, 2015
New Privacy Concerns with ACA Reporting for Businesses with 50+ Employees
Starting this filing season, reporting is mandatory for any company with at least 50 full-time equivalent (FTE) employees.
December 11, 2015
Businesses Face Up to $1 Million Fine for Failure to File W-2s and 1099s
This summer, the IRS increased penalties for failure to file correct information returns and failure to provide correct payee statements for information returns filed after December 31, 2015, with maximum penalties on small businesses increasing from ...
December 11, 2015
ADP Testing New W-2 Verification Code to Fight Tax ID Theft
For selected clients, ADP will include the Verification Code in a designated box of the 2015 Forms W-2 issued to its clients’ employees. ADP will generate the alphanumeric code based on select data elements on each Form W-2, and an algorithm provided ...
December 10, 2015
Kill Bill Platform Certified as Avalara Sales Tax Partner
As a result of this partnership, customers of Kill Bill now have access to AvaTax, Avalara’s cloud-based solution, to automatically calculate the final sales tax amount on every invoice. This eliminates the tedious work and complexity of calculating ...
December 10, 2015
CCH CodeConnect Offers Additional Tax Research Expertise
CCH CodeConnect maximizes efficiency and saves valuable time by pinpointing specific answers, identifying practical guidance and offering relevant practice tools and decision aids relating to federal tax law content within the expansive CCH ...
December 9, 2015
Congress to Tax Debtors: Let Me See Your Passport
Are your federal income taxes overdue? You could lose your passport if you try to leave the country – even if you’re just taking a vacation or business trip abroad.
December 9, 2015
AICPA Objects to New Bill to Regulate Income Tax Preparers
The new bill was proposed after a prior regulatory program was successfully challenged in court by unlicensed tax return preparers (Loving, et. al. v. IRS, CA- D.C., No. 13-5061, 2/11/14). Subsequently, the IRS instituted a voluntary program.