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 1, 2014
The Three Rs of Travel & Entertainment Deductions: Records, Records and More Records
[This is the last in a series of articles on maximizingdeductions for travel and entertainment (T&E) expenses.] In the not-so-distant past, the IRS often suspected that deductions for travel and entertainment (T&E) were being inflated or, even worse, being claimed when no legitimate expenses existed. Eventually, it carved out a strict set of recordkeeping requirements for...…
September 30, 2014
IRS Gives Farmers and Ranchers More Time to Replace Livestock Sold During Drought
Farmers and ranchers who previously were forced to sell livestock due to drought, like the drought currently affecting much of the nation, have an extended period of time in which to replace the livestock and defer tax on any gains from the forced ...
September 30, 2014
Avalara Enhances Cloud-Based TrustFile Sales Tax System
If you prepare the sales taxes for a small business and it's turning into a headache, Avalara's newly-released update to TrustFile may give you relief. Sales tax technology developer Avalara has released a major update to the cloud-based TrustFile sales t
September 30, 2014
‘Tis the Season… For Income Tax Planning
While most Americans are thinking about football season, the MLB baseball playoffs, the coming NBA season, hockey or the upcoming holidays, savvy financial professionals are advising taxpayers to think about their taxes.
September 29, 2014
IRS Giving Up on Some Deliquent Tax Cases Too Fast, Report Says
The Internal Revenue Service (IRS) may be missing opportunities to collect delinquent taxes because it is not always completely researching cases before closing them as uncollectible. That is the finding of a new report publicly released today by the...
September 25, 2014
New UltraTax CS Features Support Electronic Signatures
Thomson Reuters confirmed today that UltraTax CS will provide an eSignature offering for the upcoming tax season.
September 25, 2014
AICPA Concerned About Electronic Signature Standards for Remote Transactions
The AICPA is concerned that current electronic signature standards for “remote transactions” are not strong enough to protect taxpayers’ confidential information.
September 24, 2014
AICPA Asks IRS for Improved Guidance on Estate and Trust Taxation, Net Investment Income Tax
The American Institute of CPAs has submitted comments to the Internal Revenue Service (IRS) and Department of the Treasury relating to the issue of material participation by a trust or estate in a trade or business for purposes of section 469 of the Internal Revenue Code. The AICPA explained that section 469, which was enacted...…
September 24, 2014
IRS Concedes Defeat on Circular 230 Contingent Fees
The IRS has decided it won’t appeal a recent court ruling handed down in favor of Ryan, a global tax preparation services firm, that invalidates and permanently enjoins the IRS from prohibiting such arrangements for refund claims and amended returns.
September 23, 2014
How Per Diem Rates Can Simplify Travel Expense Reporting
The IRS has just announced new federal per diem travel rates for Fiscal Year 2015 (FY 2015), which spans October 1, 2014 through September 30, 2015. Unlike many other previous years, when per diem rates were typically bumped up just a dollar or two or not
September 23, 2014
Sales Tax Software Company Receives Patent
A Northwest Arkansas software company earlier this month received one of only 15 sales tax-related patents ever issued by the U.S. Patent and Trademark Office.
September 21, 2014
3 Must-Know Tips for Deducting Business Entertainment
There’s nothing new about taxpayers mixing business with pleasure. For instance, a business executive might paint the town red after he or she signs a six-figure contract with a client or customer. Is the cost of entertaining the client or customer ...