Income Tax
Used car dealer gets 30 months in prison for tax evasion
A Henrico County (North Carolina) man who owned a used-car business in South Richmond was sentenced in federal court Tuesday to 30 months in prison for tax evasion.
New York law strips drivers license from tax delinquents
You can't drink and drive, or text and drive and now, in New York, it is illegal to be a tax scofflaw and drive.
In Washington state, the legal marijuana business will vary by city
Washington cities vary in welcoming pot commerce
AICPA urges Congress to take action against patent trolls
The American Institute of Certified Public Accountants has issued a statement and letter to the leaders of both the United States Senate and House of Representatives, urging them to take action regarding patent refoms, which the group says is necessary because of what it calls fraudulent litigation by some organizations that exist solely for suing over patent rights.
IRS identity verification requests present a new client opportunity
In recent years, the IRS has stressed its commitment to protecting taxpayers from tax-related identity theft. As part of this commitment, the IRS enhanced the Electronic Fraud Detection System (EFDS).
NC tax overhaul means credit for early-stage investors will expire
Investor groups say the upcoming expiration of a state tax credit designed to spur investments in early-stage businesses will make it harder for young technology companies to raise the capital they need to survive and thrive.
State promoting federal health tax credit to small businesses
In Maryland, state and local officials are trying to promote public awareness of a little-known federal tax credit to help small businesses cover some of the costs of providing health insurance to their workers.
Thomson Reuters offers additional insight on marriage and income tax issues for same-sex couples
The Supreme Court's recent decision to strike down Section 3 of the Defense of Marriage Act (DOMA), which required same-sex spouses to be treated as unmarried for purposes of federal law, will have a major impact on employers and employees.