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.
June 26, 2014
Why More Tax Education is Critical for CPAs
During the first decade or two of my accounting and tax life, I always felt that everyone knew more than I did. I was always a bit intimidated by the depth of knowledge other CPAs, EAs and attorneys seemed to have – and prayed that I could know just a little more of what they…
June 26, 2014
Is the New Flat Rate Home Office Deduction Right for Your Clients?
Effective this tax season, our clients have had the option of deducting $5 per square foot, up to 300 square feet – instead of using the complex Office in Home rules. That provides for a maximum deduction of $1,500.
June 25, 2014
Taxes Remain Biggest Issue Impacting Small Businesses
If there was a Letterman Top 10 list for the things that make small business owners have a migraine, the number one spot would be the U.S. tax structure.
June 25, 2014
Supreme Court to Hear Maryland Case on State Double Taxation
On January 28, 2013, the Maryland Court of Appeals found an important element of the Maryland income tax unconstitutional. The controversy surrounds the state’s disallowance of credits against the Maryland county-level income tax for taxpayers who pay income tax to other states. The US Supreme Court has agreed to hear the state Comptroller’s appeal in…
June 25, 2014
Tax Experts Explain New E-Signature Rules in Free CPE Webcast
On Tuesday, July 15, CPA Practice Advisor is hosting a free webcast titled, "Electronic Signatures and the IRS ... Everything You Need to Know." Sponsored by Wolters Kluwer CCH, the CPE-eligible webcast will cover the latest changes to electronic filing, including topics that are especially important for tax professionals and their clients.
June 24, 2014
AICPA Says Proposed IRS Tax Preparer Program is Unlawful, Improper
The Internal Revenue Service’s proposed voluntary certification program for tax return preparers “would cause significant legal problems that may ultimately frustrate the IRS’s goals, confuse the public, and lead to litigation,” according to the American Institute of CPAs (AICPA).
June 24, 2014
Congress and Senate Consider Section 179 Extension – Keep Your Fingers Crossed
Are those generous Section 179 deductions for business clients a thing of the past? Under current law, the maximum deduction is just a fraction of the high-water mark that was allowed prior to its expiration after 2013.
June 24, 2014
8 Questions Small Businesses Should Ask Their Accountant
For businesses on the search for a new accountant, selecting the right one shouldn’t be taken lightly. For a small business, an accountant can play a critical role in the company’s successes and can lessen an owner’s headaches and stresses.
June 23, 2014
IRS Trashes Circular 230 Disclaimers
The IRS Office of Professional Responsibility will be sending out letters asking practitioners to stop using disclaimers required under Circular 230 (Regulations Governing Practice Before the Internal Revenue Service).
June 19, 2014
New Fixed Asset System Boosts Transparency and Compliance
New version allows tax and accounting professionals to effectively track fixed asset repairs under the final tangible property regulations, issued by the Internal Revenue Service and U.S. Department of the Treasury.
June 19, 2014
Massachusetts Nurses Group Targets CEO Pay
While hospital executives from across Massachusetts meet in Chatham this week, a nurses union is running a radio ad that criticizes Massachusetts hospital chiefs' compensation packages and calls for greater transparency of hospital finances.
June 18, 2014
Report: IRS Meeting Requirements of Spending Cuts
The part of the U.S. Treasury Department that is tasked with overseeing the Internal Revenue Service has issue the findings of a recent audit of the taxing agency when it comes to its compliance with the budget cuts imposed on the agency's budget as a result of sequestration.