The Internal Revenue Service has released its annual “Dirty Dozen” list of tax scams, advising taxpayers to be aware of identity theft, phishing scams and several other red flags that can cause financial mayhem. Granted, tax fraud can strike any…
We're often looking for articles that describe perfectly our sentiments on various topics. This one in particular sorts out the good, the bad about financial advisors. By Aaron Shepherd Recently, I've been looking at the pros and cons of working…
Just an FYI to our loyal clients: A software glitch caused more than 600,000 2012 tax returns to be filed incorrectly, delaying refunds by as long as six weeks, the Internal Revenue Service said. H&R Block, the nations's largest tax…
Via the great By Seth Fineberg Free online bookkeeping and tax software maker Outwright.com is offering a new version of its mobile iPhone app with automated gas mileage tracking and receipt picture saving and storing capabilities. With the new gas mileage…
A recent article from the IRS helps us better understand what an "Accountable Plan" really is. Check this out. Definition: An accountable plan is an employee reimbursement allowance arrangement or a method for reimbursing employees for business travel expenses that complies with IRS…
From Accounting Today: By Michael Cohn The Internal Revenue Service said Wednesday that it has observed problems with the filings for education tax credits that could be delaying processing of the tax returns. “We have observed instances in which the Form…
By Joanne Fritz, About.com Guide Do you volunteer? If so, congratulations! Volunteerism is one of the most cherished of American values. You are one of the nearly 62.8 million Americans who volunteer every year, and the worth of your volunteer…
Confused about the wide world of 1031 Tax Deferred property exchanges? This article from ExchangeSmart.com lays it out for you. WHAT'S THE FIRST STEP? Always discuss a §1031 tax deferred exchange with your tax and/or legal advisors. Call Asset Preservation…
Taking social security? Emily Brandon of US News and World Report shares the changes that have arrived in 2013 in this very informative article. By Emily Brandon | U.S.News & World Report LP The Social Security Administration has implemented a…
The Internal Revenue Service provided advice to taxpayers Wednesday on dealing with the late opening of tax season on January 30 that could also prove helpful to tax preparers. For the first time this tax season, the "Where's My Refund?"…
Making millions? Be ready for an audit--check out this article we found in Accounting Today by Michael Cohn. By Michael Cohn, As seen in Accounting Today The Internal Revenue Service reported that audits of individuals topped 1 million in fiscal…
By Charles Green, eHow Contributor You can help your tax preparer by bringing the required information with you. If you plan to have an accountant or tax preparing professional handle your taxes this year, you need to bring with you…
By Jim Buttonow: As seen in the Accounting Today Newsletter The internal Revenue Service has always been able to match individual returns against information statements and propose under-reporter adjustments that come in the form of CP2000 notices. But things are…
I had a dream of writing this blog on December 31st. Below is how I was going to rant: It is sad news that today is December 31 and we still do not have a resolution to this fiscal cliff…
IRS Special Edition Tax Tip 2012-14 Employers planning to claim an expanded tax credit for hiring certain veterans should act soon, according to the IRS. Many businesses may qualify to receive thousands of dollars through the Work Opportunity Tax Credit,…
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