Taxes
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IRS Approves E-Signatures on Form 8879
Effective March 11, 2014, the IRS approved e-signatures on Form 8879 through an online revision to Publication 1345.
10 Income Tax Breaks for the Rich and Famous
Many federal income tax breaks are reserved for low-income families – the earned income tax credit (EITC) instantly comes to mind – but that doesn’t mean that wealthier individuals can’t get their fair share of the pie.
The Complications of an Untaxed Death
Wow! I just read an article about a woman who died six years ago and no one noticed. (Talk about a senior’s biggest fear.) It seems that she had so much liquidity in her bank account that her automatic payments lasted that long – before her mortgage company finally foreclosed.
N.Y. Town Clerk Accused of Embezzling $117K
New York state police, based on information developed by a state comptroller's audit, have arrested a former clerk/treasurer of the now-dissolved village of Altmar, Oswego County, and charged her with embezzling $117,615 in village funds.
Autonomy CEO Says HP is Misleading Investors
In a sharply worded letter released Wednesday, Mike Lynch, former chief executive of Autonomy, has accused Hewlett-Packard of misleading shareholders about the accounting problems it claimed to have uncovered at the British company it acquired in 2011.
March Madness Tax Tips – Keep Your Betting In-Bounds with the IRS
Have you finished polishing your March Madness brackets? Whether you're betting with a small group of friends or taking part in a major pool, there are some tax implications you need to consider.
UltraTax and AdvanceFlow Integration Gives Firms Cloud Tax & Audit Options
ax and accounting software developer Thomson Reuters has announced new integration between its UltraTax CS tax prep software and its AdvanceFlow cloud-based engagement management software.
8 Common 1031 Property Exchange Mistakes
A 1031 exchange is a swap of one business or investment asset for another without tax. Right? Sure, but there are very specific rules and conditions and if, like many investors, you make one of these common mistakes, you could be paying a significant penalty.