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.
September 23, 2015
New Inflation Estimates Give First Look at 2016 Tax Rates and Brackets
Because of the income ranges bracketing the marginal tax rates have increased, a single filer with taxable income of $50,000 should owe $22.50 less next year due to the adjustments to the income tax rate brackets between 2015 and 2016.
September 23, 2015
IRS Return Review Program Improves Detection of Fraud
“The RRP test results show potential improvements in the IRS approach to prevent, detect, and resolve pre-refund tax fraud,” said J. Russell George, Treasury Inspector General for Tax Administration. “While these potential improvements are ..."
September 22, 2015
IRS Needs to Better Verify Claims for Exemption from Social Security Taxes, Says Report
In an effort to eliminate dual taxation with respect to Social Security taxes, the United States entered into international agreements, called Totalization Agreements, with 24 foreign countries.
September 22, 2015
Halliburton Settles Labor Case: Will Pay $18.3 Million In Back Overtime Wages
Oil and gas service provider, Halliburton, has agreed to pay $18,293,557 to 1,016 employees nationwide. The department’s Wage and Hour Division investigated Halliburton as part of an ongoing, multi-year compliance initiative in the oil and gas ...
September 22, 2015
Avalara Launches Sales Tax Service for Xero Customers
Cloud tax solutions provider Avalara has launched a new automated sales tax rates and returns service for Xero customers. The integration provides tax rate data in real time, enabling quick and automatic access for inclusion in customer invoices.
September 21, 2015
Lies, Damned Lies, and Statistics – The Tax Myth About Red States and Blue States
I was intrigued when a blog boldly declared that IRS statistics show that states that attempt to tax the wealthy to pay for social programs only serve to drive the wealthy to states that offer lower taxes. Anyone who follows the ...
September 21, 2015
Average Income Tax Refund for 2015 Increased to $2,701 – IRS Caught $908 Million in Fraudulent Refunds
The IRS issued more than 100.3 million refunds totaling more than $270.9 billion, compared to nearly 101.2 million refunds totaling more than $272.4 billion in 2014. The average refund increased slightly to $2,701 in 2015, compared with ...
September 20, 2015
IRS Issues New Per Diem Rates for 2016
In addition to the standard rates for specific destinations, certain high-cost areas are specified. All the other destinations are treated as low-cost areas if the high-low alternative is used.
September 20, 2015
Year-End Tax Planning Series: Harvest Tax Savings from Capital Losses
The autumn is the traditional time for investors to harvest capital losses from securities transactions to offset capital gains realized earlier in the year. It’s a year-end tax strategy that seems as timeless as the seasons themselves.
September 18, 2015
Thomson Reuters Launches New Tax Fundamentals Certificate Program
The Tax Fundamentals Certificate Program provides practitioners with the basic knowledge and tools they need to understand and confidently expand their practices to tax planning, compliance with tax return preparation, and reporting requirements for ...
September 18, 2015
AARP’s Fraud Watch Network Turns the Tables on Con Artists
The AARP Fraud Watch Network lit up the phone lines today as part of an effort to warn thousands of consumers about two leading "imposter scams" that last year victimized more than 10,000 New Yorkers.
September 16, 2015
Projected 2016 Tax Rates and Brackets – Tax Penalties To Rise
People whose income is the same compared to last year may enjoy a lower effective tax rate while taxpayers that fail to comply with return filing and tax payment requirements will face larger penalties in 2016 because of a combination of legislative ...