Income Tax
Tax Break for Rollovers From IRAs to Charity Made Permanent
Retirees can once again transfer funds from a retirement account to charity with zero tax consequences. And the new law makes this tax break permanent, so you can now incorporate this strategy into your clients’ long-term plans.
New Law Equalizes Tax-Free Transportation Benefits
The new tax law signed at the end of last year – the Protecting Americans from Tax Hikes (PATH) Act of 2015 – improves the tax-free transportation benefits that may be offered to employees.
2016 Tax Series: Count on Enhanced Tax Credit for Higher Education
[The new “extenders law” enacted late in 2015 retains several key tax provisions and makes them permanent with certain modifications. This is the third part of a series of articles on these tax breaks.] The tax law offers some tax relief to cash-strapped parents who are paying for the cost of higher education. Notably, the biggest […]
Bloomberg BNA Announces Support of PATH Act
Bloomberg BNA's popular BNA Income Tax Planner (version 2015.3) software has been updated to support the recently approved Protecting Americans from Tax Hikes (PATH) Act of 2015. This Act extends or makes permanent the individual tax breaks that have ...
Intuit Adds New Security Features to ProSeries, Lacerte and Intuit Tax Online to Fight Tax Fraud
The expanded security features offer additional ways to authenticate tax preparers’ identities upon account sign in and verification of their E-File Identification Number (EFIN) before electronic filing.
The Research Tax Credit Is Back And Better Than Ever
In the new tax law signed at the end of the last year – the Protecting Americans from Tax Hikes (PATH) Act – the credit is extended retroactive to January 1, 2015 and made permanent, with several notable enhancements.
5 Key Trends in Nonprofit Fundraising in 2016
Recent data show the number of actual donors (as a percentage) giving to nonprofit organizations is on the decline, even with actual dollar amounts continuing to rise. Nonprofits will need to explore new giving models and look at ways to capitalize on ...
How To Receive a Tax Transcript From the IRS
Though taxpayers should always keep a copy of their tax return for their records, some may need the information from filed tax returns for many reasons. This includes college financial aid applicants or taxpayers who have applied for a loan to buy a ...