IRS Business Audits Plummet Due to Budget Cuts (Accounting Today) The Internal Revenue Serviceâs audits of business tax returns have declined steeply in recent years, thanks to successive rounds of budget cuts, according to a new analysis.
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How to Protect Your Clients From the Gift Tax (Accounting Web) The federal gift tax breaks subject to inflation indexing barely budged this past year. But not to worry: For most clients, itâs still relatively easy to avoid any dire gift tax consequences, with plenty of room to spare.
Buck of the Irish: St. Patrick's Day by the Numbers (Fox Business) Ah St. Patrickâs Day! What started out as a solemn religious ceremony on the Emerald Isle has slowly but surely transformed into one of the banner days in American capitalism. St. Patrickâs Day is a full-fledged business entity, so letâs take a look at just how much we really plan on celebrating & spending!
What Americans will do with their tax refunds (CBS Money watch) Thirty-one percent of people who receive a tax refund expect to invest or save the money, according to a survey by Bankrate.com. An additional 28% say they will pay off debts, and 6% intend to go shopping or take a vacation.