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 4, 2015
The Easiest Way to Lower Income Tax Liability
With income tax planning now on the minds of many taxpayers and tax professionals, our year-end tax planning series looks at several methods to lower tax liability in the current year.
October 2, 2015
IRS failing in efforts to curb ID theft tax fraud
The IRS is running into problems as it struggles to get control over the wave of identity theft tax refund fraud that has engulfed the Tampa, Florida, area and spread to other parts of the country over the last three years.
October 2, 2015
Woman who bragged on Facebook about tax fraud gets 21 year sentence
Rashia Wilson, a self-proclaimed "queen of IRS tax fraud," was sentenced today to 21 years in federal prison.
October 1, 2015
CPAs in Illinois Reach Out for Community Action
More than 1,200 Certified Public Accountants in Illinois got out of their offices on Sept. 25 and participated in a coordinated effort to give back to their communities. The CPA Day of Service was sponsored by the Illinois CPA Society (www.icpas.org).
September 29, 2015
IRS Gives Tax Relief to Farmers and Ranchers in 48 States and Puerto Rico
The one-year extension of the replacement period announced today generally applies to capital gains realized by eligible farmers and ranchers on sales of livestock held for draft, dairy or breeding purposes due to drought.
September 29, 2015
Thomson Reuters Adds Content on New York’s Corporate Tax Overhaul
New York’s latest tax system overhaul has brought about substantial changes and complex transitional rules. They affect New York-based corporations as well as companies that conduct business with New York corporations or have customers in the state.
September 29, 2015
AICPA Says It Supports Disaster Tax Relief Proposal
The American Institute of CPAs (AICPA) is endorsing the permanent disaster tax relief provisions in Title III of the proposed National Disaster Tax Relief Act of 2015.
September 29, 2015
It’s Time for a 4th Quarter Income Tax Tuneup
With summer vacation over and school back in session, it’s time to help those extreme tax procrastinators get their returns filed. But what about the rest of your clients − the “good” ones whose taxes you completed way back in April?
September 28, 2015
4 Sales Tax Pointers for Self-Employed Clients
Self-employed clients are innovative, entrepreneurial and like taking a lot of risk, but probably aren’t paying much attention to their back-office operations, including the somewhat complicated issue of sales tax.
September 28, 2015
When Increasing a Taxpayer’s Alternative Minimum Tax Liability is the Best Strategy
Some taxpayers who have spent the last few years trying to avoid the alternative minimum tax (AMT) might try a novel approach in 2015: They might actually increase their AMT liability. This could be the optimal approach after you’ve conducted an ...
September 27, 2015
Harvest Time: Pick Up a Bushel of Capital Gains Tax Savings
The main attraction is the maximum tax rate on long-term capital gains. Typically, an investor will pay a long-term capital gains tax of 15 percent on a securities transaction. For someone in the top ordinary income tax bracket of 39.6 percent, the ...
September 24, 2015
Program Helps Tax Professionals Educate Clients On Latest Tax Changes
Thomson Reuters has released its Checkpoint Learning 2015 Tax Update program, which helps tax professionals and accounting firms educate their clients, prospects and client service teams on the latest developments in the field.