Taxes
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IRS-CI Releases Its FY 2024 Highlight Reel
AICPA Releases Statement on BOI Injunction, FinCEN Appeal
PCAOB Says Audit Firm Culture is Tied to Audit Quality
PCAOB Punishes New York Audit Firm, Three Partners for Deceiving Inspection Staff
National taxpayer Advocate focuses on tax reform, ID theft, IRS funding
The IRS's National Taxpayer Advocate Nina E. Olson released her 2012 annual report to Congress on Wednesday, identifying the need for tax reform as the overriding priority in tax administration.
FedEx donates Boeing 727 to College Aviation Science program
FedEx Express has donated a Boeing 727-200F to California Baptist University for use by its new aviation science program. The cargo jet made its final taxi today after landing at the Riverside Municipal Airport. The aircraft will be on permanent display at the airport and will provide a working laboratory for aviation science students.
California reports budget surplus
After more than a decade of financial strife, teacher cutbacks, employees paid with IOUs and the recall of one governor, California Governor Jerry Brown unveiled the state's latest finances. The surprise for many: A budget surplus of about $851 million.
Tax credits for energy-efficient home improvements reinstated
Federal tax credits for energy-efficient home improvements are back. Reinstatement of the popular credits was a little-noticed part of the American Taxpayer Relief Act, the last-minute legislation that kept America from tumbling over the fiscal cliff at the start of the year.
Virginia proposal complicates Maryland’s gas tax debate
The governor of Virginia has thrown a new wrinkle into a Maryland debate by calling for abolition of the commonwealth’s gas tax and increasing the sales tax to pay for roads and transit, a move that would alter the competitive balance between the two states. This week’s proposal by Gov. Bob McDonnell, a Republican, is […]
Texas sales tax revenues climb by 9.4%
Texas saw its sales tax collections rise again in December, with revenue of $2.17 billion, an increase of 9.4 percent over the same month last year, the state comptroller's office said Wednesday.
Gov. Rick Scott wants taxes eliminated for new equipment to rev up manufacturing
On his way into the Vistakon manufacturing plant in Jacksonville, Florida Governor Rick Scott went past heavy equipment operators building a new parking lot for the expanding campus.
With rising state revenues, Texas legislature considering tax breaks
An unexpected boost in state revenue has prompted the state's Republican leadership to embrace the possibility of tax relief during the just-started 83rd Legislature, but critics of the idea say the money should first be used to restore state services that underwent deep cuts two years ago.