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.
October 9, 2015
IRS Failing to Revoke PTINs of Felons, Other Non-Compliant Tax Return Preparers
The review identified 3,001 preparers with a felony conviction on their application; 87 reported a crime related to Federal tax matters. Processes do not ensure that PTINs assigned to prisoners or individuals barred from preparing tax returns are ...
October 9, 2015
More Corporations and Partnerships Filing Taxes Electronically
As of Sept. 20, almost 8 million corporations and partnerships e-filed their income tax returns. The IRS estimates that e-file accounts for 77 percent of all corporate and partnership returns filed during 2015. Many corporations and partnerships ...
October 8, 2015
Why Florida Leads Nation in ID Theft Income Tax Refund Fraud: IRS Cracking Down
Florida has been in the news a lot recently, and probably not for reasons that promoters of the Sunshine State would prefer. The spotlight is because hundreds of people have been arrested over the past year for identity theft crimes that involved filing bogus income tax returns for thousands of taxpayers, and then having the…
October 8, 2015
IRA Tax Strategies for Dealing with an Unpredictable Market
The stock market's drop in recent months has no immediate tax effect on the moneys of pre-retirement-age taxpayers whose traditional or Roth IRAs are invested in stocks and mutual funds. That's because neither losses nor gains are recognized within ...
October 8, 2015
Portfolio Shows How States Are Applying Sales Tax to Cloud Computing Transactions
New guidance is available for state and local tax professionals that examines how cloud computing is increasingly affected by state sales taxes.
October 8, 2015
CFPB Examines Loan Servicing Failures as Student Loan Debt Hits $1.2 Trillion
The Consumer Financial Protection Bureau (CFPB) has released a report outlining widespread servicing failures reported by both federal and private student loan borrowers. Consumers describe companies using a wide range of sloppy, patchwork practices that can create obstacles to repayment, raise costs, cause distress, and contribute to driving struggling borrowers to default. The Bureau has...…
October 7, 2015
IRS Gives Extra Tax Extension to South Carolina Flood Victims
South Carolina flood victims, including individuals and businesses that previously received a tax-filing extension to Oct. 15, will have until Feb. 16, 2016, to file their returns and pay any taxes due, the Internal Revenue Service has announced.
October 5, 2015
IRS Deadline for Those With Tax Extentions is October 15 – Last Minute Tips for Filers
Taxpayers whose tax-filing extension runs out on Oct. 15 are being urged to double check their returns for often-overlooked tax benefits and then file their returns electronically. It's also not too late to seek professional tax guidance from a CPA or EA.
October 5, 2015
IRS Begins Exchanging Tax Information With Other Nations: Focus On Enforcing FATCA
With a focus on enforcing FATCA, the Foreign Account Tax Compliance Act, the Internal Revenue Service is now exchanging financial account information with the taxing authorities in selected countries.
October 5, 2015
AICPA Urges Congress to Act Now on Tax Extenders
More than fifty provisions in the Internal Revenue Code, commonly referred to as “tax extenders,” expired at the end of 2014 or will expire at the end of this year.
October 4, 2015
Charitable Donations Increase, Led By Online Giving
The latest Blackbaud Index shows that overall charitable giving to nonprofits increased 1.3% and online giving increased 5.9% for the three months ending August 2015 as compared to the same period in 2014.
October 4, 2015
34% of U.S. Small Businesses Have Been Hit by Disasters – It Pays to Be Prepared
The American Sustainable Business Council says 57 percent of small businesses have no disaster recovery plan.[3] As September is Disaster Preparedness Month, now is as good a time as any to start planning.