Taxes
Latest News
IRS Shares Five New Warning Signs of Incorrect ERC Claims
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
Accountant Gets Jail Time For Charging $3 Million on New Jersey Employer’s Credit Card
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Small businesses bouncing back after tornadoes
Business will soon be booming in Moore, said City Manager Stephen Eddy. While 36 businesses were destroyed and others affected by power outages and restricted access following the devastation of the May 20 F-5 tornado, the city is bouncing back.
Small nonprofits getting cut in healthcare tax credit
Due to the federal budget impasse, certain small non-profits nationwide will see an 8.7 percent cut in a federal tax credit they have received since 2010 for providing health care insurance for their employees.
IRS Income Tax Tables for 2014 Tax Season
The below tax tables were released by the IRS and are the official rates for individuals and married taxpayers when they file their returns before April 2014. These are, then, the official rates for tax year 2013, which ends Dec. 31, and for which filers who pay estimated taxes during the year should follow.
Mortgage industry seeing highest job growth in 5 years
Mortgage employers expanded their monthly payrolls, making a significant gain over the past year. The last time mortgage staffing was this strong was during the George W. Bush administration.
Ohio Senate passes state budget
The Ohio Senate passed the two-year, $61.7 billion budget today along party lines, offering up tax cuts for business owners and more money for schools, including 13 of 16 in Franklin County.
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Tim Cook Defends Apple’s Tax Accounting
Associated Press Video: Apple's CEO, Tim Cook is disputing assertions by a Senate panel that the company avoids billions of dollars in U.S. taxes by shifting profits to foreign affiliates. (May 21)
Pennsylvania group wants elimination of property tax
They revenue-neutral legislation proposes to eliminate school property taxes and raise the state income to 4.34 percent and sales taxes to 7 percent in its place.
IRS to cancel two e-Services products used by many tax professionals
IRS canceling Disclosure Authorization of Form 2848 and Electronic Account Resolution (EAR). Tax practitioners react strongly, petition the IRS to reverse course on e-Services scale back