Income Tax
NSA Starts Petition for Tax Practitioners Bill of Rights
In response to the ongoing frustration of dealing with slow service from the Internal Revenue Service (IRS), the Tax Practitioner Bill of Rights calls for the right to have tax laws and rules passed in a timely manner, the right to quality service ...
IRS Proposes Tax-Favored Accounts for Young People with Disabilities
The Internal Revenue Service has released proposed regulations implementing a new federal law authorizing states to offer specially-designed tax-favored ABLE accounts to people with disabilities who became disabled before age 26.
Accounting Firm Raises $150K for Special Operations Warrior Foundation and Safe At Home Foundation
Over the past nine years, CohnReznick’s outing has raised a combined total of more than $1.45 million for these two organizations through the firm's charitable outreach arms, the CohnReznick Foundation and the CohnReznick CARES initiative.
This Free W-4 Tool Can Fix Tax Withholding Problems
The IRS is making easier for taxpayers to calculate the optimal amount. On its website at www.irs.gov, you can find a withholding calculator that does all the grunt work for you. All you have to do is go through several simple steps and enter the ...
Tax Tips for Converting a Home into a Rental Property
Taxpayers are all smiles when they are able to sell their principal residence at a sizeable gain and avoid any tax liability. Under the home sale exclusion, they can generally exclude up to $250,000 of gain from tax or $500,000 if they are married and ...
IRS Extends All Tax Incentive Empowerment Zones
Congress created Empowerment Zones in 1993. Most zones had an expiration date of Dec. 31, 2009. This is the third extension of the expiration date.
IRS Works With Tax Software Makers and States to Fight Tax ID Theft
The IRS convened a Security Summit on March 19 with the chief executive officers and leaders of private sector firm and federal and state tax administrators to discuss emerging threats on identity theft and expand existing collaborative efforts ...
Charitable Sage Foundation Focuses on Social Philanthropy
Earlier this month, Sage today launched the Sage Foundation, which it hopes will lead "Corporate Compassionate Capitalism" around the world.