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 5, 2014
Report: IRS Not in Compliance with Improper Payments Act, EITC
The Internal Revenue Service (IRS) has not made enough progress in reducing improper payments of Earned Income Tax Credits (EITC), according to a new report by the Treasury Department agency that oversees the nation's tax collectors.
June 5, 2014
IRS Releases Final Guidance on Tribal Government Benefits Excluded as Income
The U.S. Department of the Treasury and Internal Revenue Service (IRS) have issued final guidance specifying that a wide range of benefits and services provided by Indian tribal governments qualify for the general welfare exclusion from income. These include programs for housing, education, cultural and religious purposes, and the elderly and disabled, among others.
June 5, 2014
Americans Giving More to Nonprofit Charities
Based on data from 4,138 organizations that raised more than $13 billion in the prior 12 months, The Blackbaud Index reported that overall charitable giving grew 1.3 percent for the three months ending April 2014, as compared to the same period in 2013.
June 4, 2014
How Hiring Family Members Can Lower Your Taxes
For business owners, hiring family members as employees can lead to significant tax savings. And in many cases, those savings extend to the family members as well as the business owner. Sole proprietorships and corporations are both entitled to tax savings when they hire family members, but the amount of savings varies according to business…
June 4, 2014
June 16 Income Tax Deadline Approaches for Expat Taxpayers
American taxpayers living abroad generally qualify for an automatic two-month extension to their federal income taxes. Well, that time's almost up. Ex-pat taxpayers are required to file their 2013 federal income tax returns, or extension requests, by Monday, June 16, according to the Internal Revenue Service.
June 3, 2014
Summertime Tax Tip #9: Going Back to School? It Might Qualify as a Tax Deductible Business Expense
It’s smart to try to get ahead in your field or at least keep pace with the latest developments. So some of your clients may be planning to put down their work tools and pick up books again as another school year beckons. Can a taxpayer deduct any education expenses if he or she is…
June 3, 2014
Connecticut Bookkeeper Charged with Embezzling $800K from Veterans Organization
A Connecticut bookkeeper has been accused of embezzling more than $830,000 from a nonprofit veterans' organization, police said.
June 3, 2014
IRS Says Interest Rates to Remain Unchanged for Q3
The Internal Revenue Service says that interest rates will remain the same for the third calendar quarter of this year, which begins July 1, 2014.
June 3, 2014
Sales Tax & Compliance
The Sales Tax & Compliance series is being created with the practitioner in mind. In cooperation with Avalara, each month we'll provide you with the latest news relating to state and local tax issues, updates on federal legislation, checklists and ...
June 3, 2014
Summer Time Tax Tip #8: Deductions for Medical Expenses: When a Swimming Pool is Deductible
However, there’s a silver tax lining if the pool is needed by a family member to alleviate arthritis or some other specific illness. For a medically-necessary improvement made by a homeowner, the deductible amount is equal to the cost above the corresponding increase in the home's value. In addition, the annual maintenance costs associated with…
June 2, 2014
Pennsylvania Lawmakers to Consider Medical Mariijuana, Other Issues
June's arrival for many Pennsylvanians signifies the start of summer fun -- beaches, sun and outdoor activities. But at the state Capitol, it's crunch time.
June 2, 2014
IRS Releases Spring ‘Statistics of Income’ Bulletin
The Internal Revenue Service has released the spring 2014 issue of the Statistics of Income Bulletin, which provides information on high-income individual income tax returns filed for tax year 2011.