Taxes
Latest News
Report Says Undocumented Immigrants in U.S. Pay Nearly $100 Billion in Taxes
Emburse and Finexio Partner for B2B Payments
How Generative AI Will Disrupt Accounting
Mid-Market Optimism Hits Pre-Covid Record Highs
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Guide to Wealth Transfer Planning Highlights Estate Planning
Thomson Reuters has released of a special report, Estate Planning Portability is a Game-Change for Married Couples, to guide estate planners on the application of the portability provision, which allows a surviving spouse to inherit the deceased ...
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Most CPAs Surveyed Had Tax Clients Affected by ID Theft
Resolving issue for clients with IRS often proved difficult, according to AICPA.
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Florida Woman Accused of Stealing Coworker Identities to Go Shopping
Most victims had something in common: they were employees at Bethesda Hospital in Boynton Beach. Police said some of the victims said they knew Thaddies because she also worked at the hospital.
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IRS Lacks Ability to Authenticate Foreign Documents for ITIN Applications
This audit was initiated because TIGTA received an IRS employee complaint referred from a Member of Congress alleging that the IRS’s ITIN application processes and procedures do not ensure that documents certified by a foreign issuing agency are ...
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Tips to Get the Most Tax Benefit From Car Donations to Charity
In the past, donating cars to charity was a win-win situation for the donor and organization, even if you were giving away a lemon. All you had to do was arrange the pick-up or drop-off, refer to an auto-buying guide like the Kelley Blue Book (KBB) and th
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Accounting and Tax Professionals Urge Congress to Pass Tax Practitioner Bill of Rights
The National Society of Accountants (NSA) has sent a letter to all Members of Congress urging them to enact legislation to support the “Tax Practitioners Bill of Rights,” which NSA issued on June 16, 2015.
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Sales Taxes Across U.S. Rose Slightly in 2Q 2015
The U.S. average combined sales tax rate shrunk marginally in the second quarter despite a 30 percent increase in new local indirect taxes, according to the latest ONESOURCE Indirect Tax report from Thomson Reuters.
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Hillary Clinton Releases Past Tax Returns with Eye on 2016 Election
If Hillary Clinton is elected president of the United States next year, she’s going to have to take a pay-cut. In an effort to provide greater transparency in her presidential bid, the Democratic frontrunner released eight years worth of tax returns on July 31, all of them joint returns filed with her husband, former President […]