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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The Kiddie Tax: Is It Worth It To File A Separate Return?
Under the “kiddie tax,” if unearned income of a dependent child who is under age 19 or a full-time student under age 24 exceeds an annual threshold, the excess is taxed at the top rate of the child’s parents. The threshold on 2014 returns is $2,000.
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Are Your Clients ACA Ready?
Now that the Affordable Care Act is completely underway, some business owners have found that they are not prepared to ensure compliance, particularly as new changes go into effect and they prepare to file their 2014 taxes.
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Top 10 IRS Identity Theft Cases of 2014
Continuing its enforcement push against refund fraud and identity theft, the Internal Revenue Service today announced the Top Ten Identity Theft Prosecutions for Fiscal Year 2014 (FY14). The ongoing efforts to bring identity thieves to justice ...
Avalara Acquires Sales Tax & Occupancy System for Vacation Properties
Avalara, Inc., a provider of cloud-based software delivering compliance solutions related to sales tax, VAT and other transactional taxes, has acquired HotSpot Tax, Inc., a provider of tax compliance solutions for the vacation rental industry.
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Regulations and IT Issues Add To Costs for Businesses
Many businesses are wasting valuable resources by maintaining disparate IT systems or using manual processes to remain compliant with laws and regulations governing their workforces, according to a new study released by CFO Research and ADP.
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IRS Provides Relief from Estimated Tax Penalties for Farmers and Fishermen
Farmers and fishermen who miss this year’s March 2 tax deadline because they are receiving corrected premium tax credit forms (Form 1095-A) from the Health Insurance Marketplace will have until April 15, 2015, to file their 2014 returns and pay any tax d
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AICPA to Host Webcast on Legalized Marijuana
As of last week, laws legalizing recreational marijuana use have gone into effect in four states, with nearly half of the states already having medical marijuana laws on the books. Professional service providers, including CPAs, are increasingly ...
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Accounting Firm Introduces Use Tax Compliance System
Crowe Horwath LLP, one of the largest public accounting and consulting firms in the U.S., has introduced the Crowe Use Tax Simplifier, a tool that facilitates the use tax verification process.