Paid Tax Preparers Should Be Regulated, Consumer Groups Say
More than half of all tax returns are prepared by paid tax preparers, only 40% of whom are subject to mandatory professional standards, coalition says.
Charities Get a Carve-Out in Obama’s SOTU Tax Proposals
Obama's plan to close the "trust fund loophole" for capital gains taxes on inherited assets has a loophole of its own.
Student Debt Could Be Discharged in Bankruptcy Under New House Bill
Meanwhile, college savings proponents are rebelling against one of Obama's college-related proposals.
Obama Signals Support for DOL Fiduciary Redraft
As both sides gird for battle over the DOL measure, expected to be released any day now, the White House appears ready to lend support.
Charity Watchdog Scores Victory on Access to Nonprofits' Tax Forms
A federal judge has tentatively ruled in favor of an open-records activist who had sued the IRS to make nonprofit tax forms more accessible.
Got a Tax Question for the IRS? You’re in for a Long Wait
Thanks to budget cuts, the IRS is likely to leave more than half of calls unanswered this year, according to the agency's taxpayer advocate.
IRS International Data Exchange Service Open for FATCA Filings
“The opening of IDES is a milestone in the implementation of FATCA,” said IRS Commissioner John Koskinen.
SIFMA Blasts Proposed Financial Transaction Tax
SIFMA is criticizing Rep. Chris Van Hollen’s just-released tax reform plan, which calls for a financial transaction tax.
New ABLE Law Provides Big Tax-Advantaged Benefits for the Disabled
For clients who are supporting individuals with disabilities, the Achieving a Better Life Experience (ABLE) Act introduces a new type of tax-advantaged savings account.
The Tax Extender Benefits for Your Clients
Here’s what you need to know about the tax extender provisions that Congress made retroactively relevant for 2014.