Taxes
Latest News
INCPAS and NABA Launch Initiative to Strengthen Talent Pipeline in Indiana
Financial Cents Adds New Billing Feature For Accounting Firms
SEC Fines UPS $45 Million Over Improperly Valued Freight Business
New Jersey Society of CPAs Announces 10 Winners of its CPA Exam Fee Lottery
Intuit Integrates Its TurboTax System into Credit Karma and QuickBooks Online
Intuit has integrated TurboTax into Credit Karma and QuickBooks Online, allowing customers to prepare and file their 2023 taxes within those programs' interfaces.
Estate Planning: The Basics of a Special Needs Trust
A special needs trust is an irrevocable trust that supplements public assistance benefits available to a disabled child. Assets and income can be used to pay for items like travel, education, recreation, rehabilitation and medical expenses that aren’t covered by public assistance.
Colorado’s TABOR Refunds Won’t Be Taxed By the IRS
According to two elected officials, Coloradans won't have to pay federal income taxes on their state refunds this filing season.
Tax Tips from the Illinois CPA Society
Filing your federal and state tax returns is always a hectic process. CPAs, certified public accountants, have your back.
Ohtani’s Contract Prompts California Controller to Ask Congress to Step In on Deferrals
Congress should narrow a loophole that could spare Shohei Ohtani from paying tens of millions in California taxes, Malia Cohen said.
Taxpayer Advocate Delivers Annual Report to Congress, Identifies Top 10 Problems with Agency
The report credits the Internal Revenue Service with substantially improving taxpayer services and developing plans to transform the taxpayer experience in the coming years, but it identifies paper processing as an area of continuing weakness.
Long IRS Delays in Assisting Identity Theft Victims Are ‘Unconscionable,’ National Taxpayer Advocate Says
Nearly 500,000 taxpayers with cases pending at the IRS waited almost 19 months for their identity theft issues to be resolved.
Tax Tips for Accountants With Gambling Clients
With millions trying their luck, complex tax rules for reporting and deducting gambling winnings and losses present new challenges for taxpayers.