What the IRS giveth, the IRS taketh away. At age 70½, the bill comes due on all those tax-deferred savings accounts we’ve been building, and this week the oldest baby boomers will begin to reach that finish line—with many millions more to follow.
What the IRS giveth, the IRS taketh away. At age 70½, the bill comes due on all those tax-deferred savings accounts we’ve been building, and this week the oldest baby boomers will begin to reach that finish line—with many millions more to follow. READ MORE »
On June 23, the UK population narrowly voted to end its 43-year membership in the European Union. Here are 10 facts about the referendum decision that you should know if you are involved in UK business: READ MORE »
The Internal Revenue Service needs to expand its use of data and develop a comprehensive strategy to address noncompliance by taxpayers claiming refundable tax credits such as the Earned Income Tax Credit, according to a new report. READ MORE »
Accountants everywhere are faced with the need to adopt technology to better serve clients. How do you stack up against your peers in adopting technology to improve your processes? Are you a Tech Mogul? Tech Rock Star, Tech Scientist or Tech Historian? TAKE THIS 60-SECOND QUIZ AND SEE HOW YOU COMPARE. »
Regardless of whether you were surprised, overjoyed, dismayed or showed any other emotion (perhaps anger as you saw world markets tank), Brexit is here. READ MORE »
U.S. corporations would get the largest federal income-tax rate cut in history, and their foreign earnings would no longer face domestic taxes when they return to the U.S. under a plan that House Republicans unveiled Friday. READ MORE »
Internal Revenue Service Commissioner John A. Koskinen committed an impeachable offense by giving false testimony to Congress about his agency’s preservation of e-mails, a conservative lawyer told the House Judiciary Committee. READ MORE »
Identity thieves are continuing to target taxpayers despite the Internal Revenue Service’s efforts to better authenticate taxpayers, according to a new report. READ MORE »
UBS Group AG has ended a legal fight with the Internal Revenue Service, agreeing to hand over records on an American client’s account in Singapore as U.S. authorities seek to move beyond Switzerland in their fight against offshore tax evasion. READ MORE »
A former Credit Suisse Group AG banker pleaded guilty to helping Americans evade taxes, admitting his role after spending the past five years as a fugitive. READ MORE »
