Taxes
Latest News
‘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
New Jersey Joins IRS Direct File For 2025 Filing Season
Tax ID Theft: More than half of consumers believe the IRS is responsible
Survey shows Americans blame IRS for tax ID theft, instead of themselves for lax precautions.
Tax professionals offer tips to avoid IRS audits
During the past decade, the IRS has gotten more business-like about the taxpayers they select to audit. Like all smart businesses, the IRS wants to turn a profit these days. Currently, tax returns are selected for audit based on the chance that the IRS will find enough errors or missing income to generate additional taxes – and perhaps penalty and interest.
Survey says 65.6% of Texans plan to pay down debt with their tax refunds
According to a survey by the Texas Credit Union League (League), 65.6 percent of Texans who participated in a recent League survey said they plan to use their tax refund to pay off debt. Similarly, 45.9 percent of Texans plan to use their refund to jump start their savings.
Leadership change at CCH SFS, maker of ATX tax software
ATX has long been a popular professional tax preparation system for small and mid-sized tax preparers, but this year many of these professionals have been less than pleased with the new version of the program.
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Thomson Reuters sees globalization, commoditization and generational shifts as key issues facing CPAs and small business clients
At Thought Leader Symposium, Thomson Reuters seeks insight and perspective on future of accounting firm needs
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Facebook and Twitter hacked: Is user data safe? Java bug and online security back in spotlight
Facebook reported late on Friday that its servers had been attacked in a "sophisticated attack" in January, but that it does not believe that users data was compromised. The company did not address why it took several weeks to alert the public.
City comptroller gets 19-year sentence for fraud; CPA auditors being sued
Rita Crundwell, the former comptroller for the small city of Dixon, Illinois, has received a prision sentence of 19 years and 7 months for embezzling millions from the city. The sentence was handed down by U.S. District Judge Philip G. Reinhard.
Iowa lawmakers consider property tax plan that cuts $250 million
Iowa state senators have offered a revised $250 million, five-year plan to reduce commercial property taxes for most Iowa businesses via an annual state tax credit.