Tax Articles
These Tax articles will give you the news and information you need to stay up to date in the ever changing Tax industry.
February 21, 2012 – 1 views
AccountingWEB -IRS announced the availability of IRS2Go 2.0.
-Smartphone app provides taxpayers easier access to practical tools and information.
-New app is available on Apple and Android platforms.
Full Story February 14, 2012 – 4 views
Ken Berry New cost basis reporting rules now apply, for the first time ever, to Form 1099-B sent to investors and the IRS. But other onerous reporting rules for businesses and landlords scheduled to take effect in 2012 have been repealed.
Are you confused? You're not alone. Here's a brief recap on what is and isn't taking place this year.
Full Story February 6, 2012 – 6 views
Mr. Michael Miller - Merit Appraisal and Tax Consulting, L.P.
This article presents 3 of the most valuable natural gas severance tax incentives available for producer/operators in Texas. It describes the high cost gas, flared/released gas, and orphan well exemptions in detail; with discussion on the certification and approval process, benefits, reporting issues and how to recover previous tax paid. The article ends with a series of practical recommendations to help smooth the reader through the approval process.
Full Story January 31, 2012 – 14 views
Alexandra DeFelice -Don't use your desk as a storage station.
-Put client files on the floor rather than on your desk.
-Learn to respond to client requests based on your existing schedule as opposed to “ASAP.”
-Make changes and communicate those changes with your clients.
Full Story January 24, 2012 – 12 views
Ken Berry The Internal Revenue Service (IRS) is giving procrastinators a second chance. It says it will continue to accept renewals for Preparer Tax Identification Numbers (PTINs) after the official deadline for 2012 has passed.
Full Story January 17, 2012 – 15 views
Ken Berry For taxpayers earning more than $1 million annually, the audit rate was approximately 12 percent in 2011.
In 2011, 1 percent of corporations with assets under $10 million were audited.
Be prepared for greater scrutiny of your high-earning clients' returns.
Full Story January 10, 2012 – 9 views
AccountingWEB On January 4, the Internal Revenue Service (IRS) announced that taxpayers have until April 17, 2012, to file their tax returns. The IRS encourages taxpayers to e-file as it's the best way to ensure accurate tax returns and get faster refunds.
Full Story January 3, 2012 – 7 views
Deanna C. White National Treasury Employees Union (NTEU) President, Colleen M. Kelley, is understandably "pleased" that Congress finally put away its bipartisan bickering, allowing President Obama to sign into law December 23 a large scale omnibus spending agreement. The agreement will avert a "costly" government shutdown and fund government services for the rest of the fiscal year.
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