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.
January 29, 2014
How to Avoid Overpayments and Underpayments on W-2s
Now is a great time to sort out any anomalies that could complicate year-end and W-2 processing. And two of the most common are overpayments and repayments.
January 29, 2014
Common Financial Scams Target Seniors
A 75-year-old Aiken, South Carolina woman on recently wired her grandson $1,300 for bond after he was arrested in Mexico for drug possession. The only problem is, it wasn't her grandson -- it was a scammer cheating the woman out of money.
January 28, 2014
IRS Proposes Fines For Non-Compliance With Health Insurance Mandate
Most U.S. taxpayers must secure health insurance coverage this year whether they want to or not. But the IRS and Treasury Department have clarified several exceptions to the rules in new proposed regulations relating to the health insurance mandate for individuals.
January 28, 2014
How Accounting Firms Can Protect Against Identity Theft
In the wake of the recent identity theft of some 40 million accounts from retail merchant Target, and the potential for massive theft from the health care exchanges set up under the Patient Protection and Affordable Care Act (ACA), consumers are again left bewildered -- and looking for someone to take the lead in crafting…
January 27, 2014
Deadline for Forms W-2 and 1099 is on Friday, Jan. 31
Those who paid regular employees or used a contractor for more than $600 in work have until Jan. 31, 2014, to provide the appropriate wage and income reporting form – a W-2 or 1099-MISC – to all recipients. For those who procrastinate, sorting through the various IRS reporting requirements at the last minute can make…
January 27, 2014
H&R Block Stops Income Tax Ads on Dollar Bills After Complaints
The tax preparation company has been handing out real dollars bearing its marketing message for this year's tax season. There's a toll-free phone number to call Block, a Web address and even a footnoted disclaimer that not everyone gets a tax refund.
January 24, 2014
Special Report Looks at Major Tax Changes of 2013
Thomson Reuters has released a special retrospective report focused on the key tax developments that occurred during 2013, which included a major federal tax law as well as many significant new cases, regulations, rulings, and revenue procedures.
January 24, 2014
IRS Modifies Automatic Consent Rule for Method of Accounting
The Internal Revenue Service has announced the release of Revenue Procedure 2014-16, which modifies the procedures for obtaining the automatic consent of the Commissioner for certain changes in methods of accounting for amounts paid to acquire, produce, or improve tangible property.
January 24, 2014
Georgia Woman Guilty of Tax ID Theft at Nursing Home
A 32-year-old Macon woman faces 27 years in prison after stealing the identities of nursing home patients and filing a half-million dollars worth of fraudulent tax returns.
January 23, 2014
IRS and Tax Professionals Warn of Tax Scams & ID Theft
Tax season has always been a tempting time for many unsavory people to try to scam others. The addition of online self-preparation and identity theft has only made the problem worse.
January 22, 2014
Experts Warn of Scam Emails About Data Breach at Target
In the aftermath of the data breach that potentially exposed the credit and debit card information for 80 million shoppers, Target sent out an official email stating that the company would offer one free year of credit monitoring through Experian.
January 22, 2014
Tips for Tackling Small Business Finances in 2014
Online accounting software maker Xero has released a new collection of critical tips and advice from accountants that is designed to help small businesses improve operations in 2014.