Taxes
CFPB Examines Loan Servicing Failures as Student Loan Debt Hits $1.2 Trillion
The Consumer Financial Protection Bureau (CFPB) has released a report outlining widespread servicing failures reported by both federal and private student loan borrowers. Consumers describe companies using a wide range of sloppy, patchwork practices that can create obstacles to repayment, raise costs, cause distress, and contribute to driving struggling borrowers to default. The Bureau has […]
IRS Deadline for Those With Tax Extentions is October 15 – Last Minute Tips for Filers
Taxpayers whose tax-filing extension runs out on Oct. 15 are being urged to double check their returns for often-overlooked tax benefits and then file their returns electronically. It's also not too late to seek professional tax guidance from a CPA or EA.
34% of U.S. Small Businesses Have Been Hit by Disasters – It Pays to Be Prepared
The American Sustainable Business Council says 57 percent of small businesses have no disaster recovery plan.[3] As September is Disaster Preparedness Month, now is as good a time as any to start planning.
The Easiest Way to Lower Income Tax Liability
With income tax planning now on the minds of many taxpayers and tax professionals, our year-end tax planning series looks at several methods to lower tax liability in the current year.
IRS failing in efforts to curb ID theft tax fraud
The IRS is running into problems as it struggles to get control over the wave of identity theft tax refund fraud that has engulfed the Tampa, Florida, area and spread to other parts of the country over the last three years.
IRS Gives Tax Relief to Farmers and Ranchers in 48 States and Puerto Rico
The one-year extension of the replacement period announced today generally applies to capital gains realized by eligible farmers and ranchers on sales of livestock held for draft, dairy or breeding purposes due to drought.
Thomson Reuters Adds Content on New York’s Corporate Tax Overhaul
New York’s latest tax system overhaul has brought about substantial changes and complex transitional rules. They affect New York-based corporations as well as companies that conduct business with New York corporations or have customers in the state.
AICPA Says It Supports Disaster Tax Relief Proposal
The American Institute of CPAs (AICPA) is endorsing the permanent disaster tax relief provisions in Title III of the proposed National Disaster Tax Relief Act of 2015.