Tax Practice: Rubio's Partial 2012 Tax Return Left Question: When Did He Pay?

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9 years ago

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Florida Senator Marco Rubio notched a personal best for earnings in 2012 as he and his wife, Jeanette, recorded almost $930,000 in taxable income—helped by $800,000 that a publisher paid for his best-selling autobiography.

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Tax Practice

Mar 10, 2016

by LYNNLEY BROWNING

IRS Changes in Tax Return Due Dates Promise to Help Preparers Next Year

by MICHAEL COHN

The Internal Revenue Service will be making some changes in the due dates next year for several types of business tax returns, which should give accountants a little extra breathing room.
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AICPA Recommends Changes in IRS Offshore Voluntary Disclosure Program

by MICHAEL COHN

The American Institute of CPAs recommended the Treasury Department and the Internal Revenue Service make a number of changes to improve the Offshore Voluntary Disclosure Program and the Streamlined Filing Compliance Procedures that allow U.S. taxpayers to voluntarily disclose previously unreported offshore assets and comply with U...
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Surge Pricing on Your Tax Return: Tax Companies Squeeze Procrastinators

by BEN STEVERMAN

There are really two tax seasons every year, marked by two very different attitudes.
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Is Singapore the Next Switzerland for U.S. Tax Crackdown?

by DAVID VOREACOS

The Internal Revenue Service is seeking to force UBS Group AG to turn over records on an account in Singapore held by a U.S. citizen, potentially opening a new front against offshore tax evasion beyond Switzerland.
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Top 5 Tax Workflow Headaches and How to Ease the Pain

by KRISTEN KOH GOLDSTEIN

Tax workflow headaches are abundant, but the investment in technology solutions to improve the annual stressors is traditionally a low priority.
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Tax Foundation Compares State Sales Tax Rates

by MICHAEL COHN

The Tax Foundation has released an updated report on sales taxes throughout the states in 2016, indicating where the highest and lowest state and local sales tax rates are across the country.
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Lawmakers Introduce Bill to Provide Tax Credit for Caregiving Expenses

by MICHAEL COHN

A pair of lawmakers on the tax-writing House Ways and Means Committee have introduced bipartisan legislation to provide a tax credit for caregiving expenses.
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IRS Seeks Feedback on New Partnership Audit Rules

by MICHAEL COHN

The Internal Revenue Service is looking for comments on the new partnership audit rules that was enacted as part of Congress’s budget deal last December.
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Conservative Groups Oppose Licensing of Tax Preparers

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IRS's Delays in Responding to Taxpayer Correspondence Take Mounting Toll

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The Internal Revenue Service’s delays in processing taxpayer correspondence are lengthening, leading to delayed tax refunds and bigger interest payments from the IRS, according to a new report.
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Companies Rejected by U.S. High Court in $1.5 Billion Tax Cases

by GREG STOHR

The U.S. Supreme Court turned away appeals from three financial-services companies that sought to save a total of $1.5 billion by using a tax-avoidance strategy designed by Barclays Plc.
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New Members Join Taxpayer Advocacy Panel

by JEFF STIMPSON

The Department of the Treasury has approved 32 new members to serve on its nationwide Taxpayer Advocacy Panel.
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Tax Practice: Rubio's Partial 2012 Tax Return Left Question: When Did He Pay?

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