Income Tax
Inituit to Acquire India-Based Tax Solutions Firm
Intuit, the makers of numerous small business and personal financial and tax technologies, has entered into an agreement to acquire KDK Softwares India Private Limited a market leader in providing professional tax solutions in India.
AICPA Says Big Data is Top Issue for Forensic and Valuation Professionals
CPAs working in the forensic and valuation areas have identified big data as the most pressing issue they’ll face in the near future.
Latest Version of TaxWorkFlow Offers New Features, Enhanced Interface
TaxWorkFlow, LLC has launched TaxWorkFlow Version 2.0, the latest release of the company’s TaxWorkFlow practice management solution.
Forensic Accounting Case Study Spotlights CFO Fraud
A client requested an initial audit to satisfy bank requirements of a wholesale/distributor of office products. The experienced team at Gettry Marcus performed the required audit procedures, but as it does with all clients, Gettry Marcus looked beyond the required steps.
California Man Fights Tax Officials Over Granddaughter’s $6 Tax Refund
Never before in California history has someone battled the state Franchise Tax Board to make sure his young grandchild didn't hold on to her first-ever tax refund.
Congress Votes to Increase Child Tax Credit
More families with higher incomes could claim the popular child tax credit under a bill that won approval Friday in the House. But in a dispute that divides Republicans and Democrats, millions of the poorest low-income families would still lose the credit in 2018, when enhancements championed by President Barack Obama are set to expire.
Michigan Supreme Court Allows Three-Factor Apportionment for Business Tax
On July 14, 2014, the Michigan Supreme Court ruled that the Multistate Tax Compact (MTC) election applies to both the modified gross receipts and net income tax bases in International Business Machines v. Michigan Department of Treasury.
Thomson Reuters Offers New IRS Response Library
According to the IRS, a large part of the tax gap is caused by individuals under reporting their income tax by omitting taxable income or claiming erroneous or inflated deductions or credits.