Income Tax
Latest News
Zone & Co Launches ZoneBilling AI Assistant
IRS Extends Tax Deadlines Until May For Helene Victims
Avantax Acquires SEP Financial Services
Sovos Launches Indirect Tax Suite for SAP, Enhances Clean Core Readiness
Indian Lands tax credit extended to employers
Oklahoma officials want to remind area employers the Federal Indian Lands Tax Credit has been extended.
U.S. income tax turns 100
Most living Americans think that an income tax has always been there... but no. In 1913, the U.S. Congress passed the first permanent income tax.
The Top Tax & Accounting News of January 2013
The top news stories on CPA Practice Advisor for the month of January 2013.
Bizarre $160M tax fraud scheme results in long prison terms
The scheme was as audacious as it was ambitious: Rob the Internal Revenue Service of $160 million in tax refunds based on the bizarre belief that the government had set up secret bank accounts for each American, accessible by utilizing the right tax forms.
The IRS and tax preparer regulation – Round 3: Congressman wants answers
IRS tax return preparer program takes another hit, but professional and consumer organizations support it.
Businesses upped bonuses and dividends before fiscal cliff deal was reached
As 2012 ended and businesses and employees alike waited for Congress to resolve the crisis over the "fiscal cliff," many did what any good businessperson would do: they paid themselves early.
Tax preparer gets 5 years in prison for filing fraudulent returns
A Macon, Georgia, tax return preparer was sentenced to five years in prison Wednesday and pay more than $200,000 restitution after he pleaded guilty to filing false claims for tax refunds, according to the U.S. attorney's Office.
Americans willing to raise payroll taxes to save Social Security
Even though wage earning taxpayers are already paying an extra 2 percent this year after the expiration of the payroll tax cut, a new survey shows that Americans are willing to pay more to preseve Social Security.