Yes or No? Simple answers to your tax questions
Tax News, Tax Tips, TaxesArticle by Danielle Wiener-Bronner | Found on CNN
The changes to the new tax law are complex, and difficult even for experts to unpack. But some of the plan's provisions are straightforward enough for simple "yes" or "no" answers.
1. Does…
Changes to the Child Tax Credit: What it Means for Families
Tax News, TaxesArticle by Lydia DePillis | Found on CNN.com
Parents will get twice as large of a tax credit for each child next year, under a compromise hammered out by the House and Senate Friday — although other changes to the bill mitigate the impact…
IRS Plans Further Steps to Curb Identity Theft
Tax NewsArticel by Michael Kohn | Found on AccountingToday
The Internal Revenue Service, working in partnership with state tax authorities and the tax preparation industry as part of their Security Summit initiative, reported significant progress…
IRS adds more features to taxpayer online accounts
Finance Tips, Tax NewsArticle Found on AccountingToday.com | Written by Michael Kohn
The Internal Revenue Service has supplemented its online tax account tool with some new self-service features for taxpayers and their preparers.
The IRS debuted the tool…
Cristiano Ronaldo Accused of $16.5M Tax Evasion
Audit, Entertainment & Leisure, Tax NewsArticle by Tariq Panja | Found on AccountingToday.com
Soccer superstar Cristiano Ronaldo has been accused of failing to pay 14.7 million euros ($16.5 million) in taxes.
The prosecutor’s office in Madrid filed a lawsuit that alleges…
IRS May Have to Refund $300 Million After Federal Judge Rules PTIN Fee is Illegal
Tax NewsArticle by Joseph Henchman | Found on TaxFoundation.org
A federal judge ruled on June 1 that the Internal Revenue Service (IRS) exceeded its authority in collecting fees for issuing Preparer Tax Identification Numbers (PTIN). The IRS requires…
Nexpanding: The Ever-Evolving Shape of Nexus Rules
Accounting, Tax News, TaxesArticle by Roger Russell | Found on Accounting Today
Nexus — the minimum amount of contact between a taxpayer and a state that allows the state to tax the business on its activities — is under attack by the states as they seek to broaden…
Identity Theft Safeguards to Expand for 2017
Tax News, TaxesArticle By Sally P. Schreiber, J.D. | Featured on Journal of Accountancy
As the IRS, taxpayers, and tax practitioners get ready for the 2017 tax filing season, the IRS touted the successes that it and its Security Summit partners have had…
New Tax Rules for 2017
Accounting, Tax News, Taxes, UncategorizedBy Robert Trinz | Article Featured on AccountingToday
The new year promises to be an challenging one for tax practitioners, as President-elect Trump and Congressional Republicans have promised to enact a significant tax reform package in…
United States Issues New Corporate Anti-Inversion Rules
Tax News, TaxesArticle By Sally P. Schreiber, J.D. | Featured on CGMA Magazine
In a further move to reduce the tax benefits of, and therefore the incentives for, corporate inversions, the U.S. tax agency, the Internal Revenue Service (IRS), on Thursday…