Thank YOU for a great tax season!!!
We have some exciting changes for the 2013 tax season in store for you.
Enrollment will open soon!
An ERO using the Simple Cash Option™ Refund Purchase was kind enough to share his feedback on how it is working with his clients. His response:
"Smooth as silk. Great job!"
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Cloud accounting and small business finance tool maker Wave has added Payroll Tax Service for 10 U.S. states, with more coming later in the year.
The National Society of Accountants has met with officials at the Internal Revenue Service to try to persuade the IRS not to close down its Disclosure Authorization and Electronic Account Resolution e-Services.
06/14/2013 FBAR Deadline Approaching
Practitioners who have clients with overseas accounts should alert them now that the FBAR (Foreign Bank and Financial Accounts Report) form must be received by the Department of Treasury no later than June 28 this year. Although the actual due date is June 30, this year it falls on a Sunday and there is no extension of the due date when it falls on a weekend.
The Internal Revenue Service has finalized the regulations for the 10 percent excise tax on indoor tanning services that was included as part of the health care reform law.
The Internal Revenue Service has taken steps to correct problems with its oversight of applications for Individual Taxpayer Identification Numbers, or ITINs, but more improvements in the program are still needed, according to a new government report.
06/12/2013 CCH Unveils Sales and Use Tax Tracking Tool
CCH has unveiled Sales Tax RADAR (rates and decisions administration reporting), a new cloud-based tool designed to track rates and taxability details in thousands of jurisdictions
Ernst & Young has partnered with Thomson Reuters to introduce EYTaxSpace Powered by Thomson Reuters, a service for processing the firm's corporate tax clients.
The Internal Revenue Service reminded tax professionals Monday that its offices will be closed on June 14, July 5, July 22 and August 30 due to the current budget situation, and the closure will also affect the IRS's Modernized eFile System.
06/07/2013 Yelp Wanted: More E-Marketing Tools
Preparers are exploring many online tools to e-market, and on the heels of familiar avenues such as Facebook, Twitter and LinkedIn have come newcomers such as Yelp and Thumbtack.
ADP said Thursday that it has helped U.S. businesses find more than $1.4 billion in tax credits in 2012.
06/05/2013 Rise of State Tax Tribunals
Several factors have led an increasing number of states to implement specialized state tax tribunals to resolve state tax controversies.
06/01/2013 Let's Never Do that Again
Virtually all tax preparers were adversely affected by the late start to the 2013 filing season, with the added complications of late forms, late information from brokerage houses and, in some cases software glitches.
The principles behind the passive-activity loss limitations rules under Code Sec. 469 and the net investment income Medicare tax under Code Sec. 1411 are similar -- limit business losses from passive activities or raise the tax on passive-type income a bit more, when not the direct result (at least not a significant part) of a taxpayer's labor. Congress, however, did not leave it at that -- or, as some would argue, leave well enough alone.
06/01/2013 Surviving Tax Season: A Spouse Speaks Out
Your spouse or partner seems strangely distant or removed, so what's going on? Ponder as you might, it just doesn't seem to add up. Suddenly you scan the calendar, and it comes to you, crystal clear -- it is tax season!
06/01/2013 Tax News
A roundup of tax news from the previous month
06/01/2013 Creeping Nexus
As they continue to seek new sources of revenue to deal with tight budgets, states are looking to expand their nexus with taxable activities, according to a recent comprehensive survey.
With the start of this year's hurricane season, the Internal Revenue Service is encouraging individuals and businesses to protect themselves in the event of a natural disaster by taking a few simple steps.
05/23/2013 Dynamic Tension in the Tax World
What do the Senate hearings on offshore profit shifting and a Supreme Court case decided on May 20, 2013 have in common? They both are generated by our system of taxing U.S. companies on their worldwide income, and they both are the result of the companies meeting their obligations to their shareholders, which is to legally minimize the amount of taxes they pay.
A pair of senators have introduced a bipartisan bill that would suspend federal employees if they willfully neglect to pay their taxes.
The Internal Revenue Service issued a reminder Thursday to U.S. citizens and resident aliens, in addition to dual citizens, that their tax-filing deadline is approaching.