Taxes
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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
Online Charitable Giving Growing at Faster Pace
More and more Americans are choosing to make their donations to charities online, as opposed to in-person or mail-based giving, according to the latest Charitable Giving Report from Blackbaud, a developer of technologies for nonprofit organizations.
IRS Warns Taxpayers of New Fuel Tax Credit Scam
The fuel tax credit is generally limited to off-highway business use or use in farming. Consequently, the credit is not available to most taxpayers. But yet, the IRS routinely finds unscrupulous preparers who have enticed sizable groups of taxpayers ...
New Search Features Added to Bloomberg BNA Tax & Accounting Center
Bloomberg BNA has released new search enhancements to the Bloomberg BNA Tax & Accounting Center. The new features, called Links and Pages, are designed to help tax practitioners directly access key tax topics, tax summaries of key ...
KPMG Tax Partner Authors New Book: “Tax Compliance and Reporting for Hedge Funds and Their Investors”
KPMG Tax partner Joseph Pacello has authored a new book, titled "Tax Compliance and Reporting for Hedge Funds and Their Investors," that provides a detailed look at tax compliance and reporting issues for professionals responsible for tax compliance ...
Misplaced SSA-1099 Forms Can Be Replaced Online
The U.S. Social Security Administration has announced that new online services include the ability to quickly and easily get a replacement form SSA-1099 within minutes.
IRS Targets Tax Shelter Abuses, Misuse of Trusts
The Internal Revenue Service is targeting abusive tax shelters and structures it says some Americans use to avoid paying taxes. The agency says the problem has been a lingering issue, and so it has been added to the annual list of tax scams known as the “
IRS Watching for Fake Documents During Income Tax Season
Hiding taxable income by filing false Form 1099s or other fake documents is a scam that taxpayers should always avoid and guard against, according to the Internal Revenue Service. This scheme is one of those on the annual “Dirty Dozen” list of tax scams f
Checklist Helps Tax Professionals Keep Track of Healthcare Law Reporting Requirements
The 1040 Checklist for Determining Minimum Essential Health Insurance Coverage was developed by the tax experts at Thomson Reuters and focuses on two new reporting requirements that will figure prominently on many 2014 Form 1040 returns: The premium tax c