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The Big Problem with Big Data for Big Accounting Firms | Going Concern

The Big Problem with Big Data for Big Accounting Firms | Going Concern | Taxes | Scoop.it

Via R.H. Trowbridge
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R.H. Trowbridge's curator insight, March 28, 2014 3:58 PM

Lately everything around us seems to be changing, read more to find out how even our auditing methods are changing.

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Lauryn Hill – Out of Jail, But The IRS Keeps Hounding

Singer songwriter Lauryn Hill was thrown into jail for three months for tax evasion, with another three months of home confinement.
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Supreme Court Rules that Severance Payments Are Taxable Under FICA | JD Supra

I have to admit, when I read the news that the Supreme Court had ruled earlier this week that severance payments are “wages” subject to payroll taxes, I thought I was on crazy pills:...
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IRS: Don't Call Us, Look It Up On IRS.Gov

IRS: Don't Call Us, Look It Up On IRS.Gov | Taxes | Scoop.it
As the tax filing season gets under way, the tax agency is living through another year of budget cuts and offering little hope for improved taxpayer service.
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Obama Plans ‘MyRA’ Retirement Savings Accounts

Obama Plans ‘MyRA’ Retirement Savings Accounts | Taxes | Scoop.it
President Obama introduced a new retirement savings vehicle that he called a MyRA in his State of the Union address on Tuesday evening, and the White House has followed up with more details on Wednesday about it.
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IRS Flags $1.5M in Improper Claims for Health Care Tax Credits by Tax-Exempt Groups

IRS Flags $1.5M in Improper Claims for Health Care Tax Credits by Tax-Exempt Groups | Taxes | Scoop.it
The Internal Revenue Service has generally been able to identify potentially improper claims for Small Business Health Care Tax Credits by tax-exempt organizations and subject them to further review, but improvements are still needed to ensure the claims are being caught in time, according to a new government report.
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Yacht Owners Seek to Salvage Tax Deduction for Second Homes

Yacht Owners Seek to Salvage Tax Deduction for Second Homes | Taxes | Scoop.it
The Ending Subsidies for Yachts Act, barring the tax deduction for new mortgages on boats, is pushed by two Democrats in the Republican-led House, Representatives Mike Quigley of Illinois and Tim Walz of Minnesota.
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Ariel's curator insight, November 14, 2014 2:18 PM

Tax tip with tax season upon us:  Take advantage of tax deductible donations.  Http://www.charityboats.org/ ; . This non-profit charity accepts collectibles, all different vehicles, real estate, even AIRCRAFT!

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Top 3 Reasons your to-do list does not get done - Resource Center - mosaicHUB

Top 3 Reasons your to-do list does not get done - Resource Center - mosaicHUB | Taxes | Scoop.it
Top 3 Reasons your to-do list does not get done -- at the mosaicHUB Resource Center.
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IRS Extends Key Deadline For New Tax Break

IRS Extends Key Deadline For New Tax Break | Taxes | Scoop.it
Special leniency, but only until the end of this year, for the misinformed, uninformed, and same-sex married couples.
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The Tax Rules for Renting Out Your Vacation Home

The Tax Rules for Renting Out Your Vacation Home | Taxes | Scoop.it
The tax treatment of summer-home rental income is more complicated than you might expect. Here's what you need to know.
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IRS Denies Additional Obamacare Delay

IRS Denies Additional Obamacare Delay | Taxes | Scoop.it
Employers remain in a holding pattern through 2014 regarding a provision of the Affordable Care Act that the Internal Revenue Service is not yet enforcing.
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Audit Targets

Audit Targets | Taxes | Scoop.it
While many taxpayers look forward to filing season as the time they can get free money in the form of their tax refund, those with more complex returns are focused as well on avoiding situations that might lead to an audit.
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AG: Beware of tax-preparation scams

AG: Beware of tax-preparation scams | Taxes | Scoop.it
State Attorney General Eric Schneiderman warned consumers Wednesday to beware of tax-preparation scams with this year's tax deadline less than one month away.
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Northwestern ruling could lead athletes paying taxes on scholarships - Chicago Tribune

Northwestern ruling could lead athletes paying taxes on scholarships - Chicago Tribune | Taxes | Scoop.it
Northwestern ruling could lead athletes paying taxes on scholarships Chicago Tribune Northwestern University football players could one day have to pay federal and state taxes on athletic scholarships following a ruling that the student-athletes...
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Congressional Democrats Warn Boehner of Tax Refund Delay if Debt Ceiling Isn't Lifted

Congressional Democrats Warn Boehner of Tax Refund Delay if Debt Ceiling Isn't Lifted | Taxes | Scoop.it
Democrats on the tax-writing House Ways and Means Committee have written to Speaker of the House John Boehner, R-Ohio, urging him to introduce legislation to raise the debt ceiling without pre-conditions, warning that the Treasury Department would not be able to pay tax refunds without a higher debt limit.
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Taxpayer advocate: Avoid health-care tax surprises

Taxpayer advocate: Avoid health-care tax surprises | Taxes | Scoop.it
It's not too early to start thinking about the tax implications of health care reform. Did you buy health insurance through one of the exchanges? You might be eligible for a refundable tax credit. Taxpayers ...
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Tax-Free Gifts Quadrupled in U.S. When Congress Raised Limit

Tax-Free Gifts Quadrupled in U.S. When Congress Raised Limit | Taxes | Scoop.it
Congress voted in December 2010 to let wealthy Americans make tax-free gifts of as much as $5 million--and the money flowed.
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President Obama Signs Presidential Memorandum Directing Treasury to Create myRA

President Obama Signs Presidential Memorandum Directing Treasury to Create myRA | Taxes | Scoop.it
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Pension Benefit Guaranty Corporation (PBGC) Practitioners - What's New Update

Pension Benefit Guaranty Corporation (PBGC) Practitioners - What's New Update | Taxes | Scoop.it
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IRS Finalizes Net Investment Income Tax Form

IRS Finalizes Net Investment Income Tax Form | Taxes | Scoop.it
The Internal Revenue Service has posted a final version of the form for computing the 3.8 percent Net Investment Income Tax that was mandated as part of the Affordable Care Act.
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How to Create a Bulletproof Estate Plan | Consumer Reports

How to Create a Bulletproof Estate Plan | Consumer Reports | Taxes | Scoop.it
Consumer Reports Money Adviser' step-by-step guide to the estate planning documents you need to minimize estate taxes, avoid probate, and protect your family members.
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Do You Want Fries With That Audit? McDonald's Faces Allegations Of Tax Evasion In France

Do You Want Fries With That Audit? McDonald's Faces Allegations Of Tax Evasion In France | Taxes | Scoop.it
Gerard Depardieu. Apple. And now McDonald's. It feels like anyone who's anyone is on French President Hollande's tax hit list. Here are the latest allegations of tax dodging and what the hamburger giant has to say about the matter.
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New Tax Reference for Individuals, Small Biz

New Tax Reference for Individuals, Small Biz | Taxes | Scoop.it
The National Underwriter Co., a publisher of tax, insurance and financial planning information, has released the newest addition to its Tax Facts reference library, Tax Facts on Individuals & Small Business.
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New Tax Reference for Individuals, Small Biz

New Tax Reference for Individuals, Small Biz | Taxes | Scoop.it
The National Underwriter Co., a publisher of tax, insurance and financial planning information, has released the newest addition to its Tax Facts reference library, Tax Facts on Individuals & Small Business.
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