IRS
After losing match, UFC fighter says he's never paid taxes
An athlete holding a media briefing after being beaten may be chalked up as a sign of a poor loser, but admitting on national television to avoiding the IRS?
Isaac M. O'Bannon
Managing Editor
isaac.obannon@cpapracticeadvisor.com
Isaac M. O'Bannon is the managing editor and digital content manager for CPA Practice Advisor (www.CPAPracticeAdvisor.com), drawing on two decades of experience covering the areas of professional accounting, taxation, business productivity and consumer technologies.
Prior to CPA Practice Advisor, O'Bannon was a consultant at firms in San Francisco, Denver and Tulsa, serving clients that included Logitech, Polycom, Hilti, Microsoft, the Stanford Research Institute, the University of Oklahoma's College of Engineering and other technology leaders. He is a U.S. Navy veteran.
Email: isaac.obannon - @ - cpapracticeadvisor.com
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Income Tax
IRS deputizes local police and sheriff officers in Florida to help fight tax fraud
The Internal Revenue Service has deputized law enforcement officers from 10 Tampa Bay-area agencies as a part of the Tampa Bay Identity Theft Alliance, which investigates allegations under federal bank and money laundering laws and exercise authority outside their current jurisdictions as local officers.
Bye, Bye Google Reader. No more RSS from world's largest search engine
Google will be closing its Google Reader RSS service on July 1.
Income Tax
H&R Block software glitch could delay 600,000 income tax refunds
A glitch in the software that H&R Block and some other preparation services use could cause those with education tax credits to have a longer wait on their refunds.
Automation
A new twist on sales taxes: Are in-game purchases like "powerups" a transaction? Yes. Will they be taxed is a different question
Are in-game sales taxable transactions? In essence, the user/gamer is trading real money for a digital product. While that product may not exist outside of the game, it is a transaction that has value. In fact, it's a billion dollar industry, and one that has gone untaxed even by states and other jurisdictions that likely already have the legal authority to tax the transactions.
Accounting
New online directory connects users with listings of accounting and tax professionals around the world
Looking for a tax professional who knows the tax law in your area?
Benefits
Tips on deducting medical and dental expenses, Retirement savings tax credits
Taxpayers who want to deduct their medical or dental expenses on their income taxes need to understand some of the basic requirements for the deductions. The same goes with those who may be saving for retirement via specific plans and IRAs.
IRS
Marriage, Divorce and Taxes: Those with a name change in 2012 face extra challenges with IRS
Whether for marriage or another reason, it may be an issue mostly faced by women, but some men do it too: Changing their last name.
Accounting
Employee fraud can cripple a small business: How to limit damages
How much does can a thieving employee cost a business? According to the Association of Certified Fraud Examiners (ACFE), the average financial loss for one instance of employee fraud is $140,000, and 40 to 50 percent of victimized companies don't recover any of their losses.
Accounting
President of national small business association urges politicians to act on federal deficit
The president and CEO of the National Small Business Association, NSBA President, Todd McCracken, wants Congress to set aside partisan differences and get back to the work they were elected to do: Addressing the national debt.
Small Business
Billtrust enhances features in Invoice Gateway eBilling system
Account Linking, International Language Support, Rules-Based Payment Routing and OtherNew Capabilities Make Online Bill-Paying Even Easier and More Attractive for B2B Customers
Firm Management
Finally! IRS has all forms in place, is accepting all income tax returns
Forget the Sequester ... it's time to put the final nail in the coffin of the problems the Fiscal Cliff caused.