President Barack Obama attacked companies that use cross-border mergers to escape U.S. taxes, accusing them of being corporate deserters who renounce their citizenship to shield profits. Read more »
The Internal Revenue Service did not establish processes to verify eligibility for the Work Opportunity Tax Credit, according to a new government report. Read more »
Legislation to deter U.S. companies from moving their addresses overseas should avoid retroactive taxes, prevent a net tax increase and move toward a revamp of the tax code, Senator Orrin Hatch of Utah said today. Read more »
A former Internal Revenue Service employee was arrested and charged with participating in an identity theft conspiracy that used information stolen from the files of other IRS employees. Read more »
The House approved legislation to consolidate four different tax incentives for higher education into a single tax credit. Read more »
The U.S. Senate advanced a narrow attempt by Democrats to limit tax breaks for companies moving jobs out of the U.S. Read more »
Undercover investigators working with the Government Accountability Office found it was easy to falsify information when applying for Premium Tax Credits to help pay for health insurance. Read more »
A court rules the government cant give financial assistance to anyone buying coverage on the insurance marketplace run by federal authorities. Read more »
The Internal Revenue Service has released final regulations to amend the definition of research and experimental expenditures, providing guidance for taxpayers engaged in research activities on the treatment of amounts paid or incurred in connection with the development of tangible property, including pilot models. Read more »
Search Accounting Today
April 27, 2014
A list of tax-focused handles worth following
April 21, 2014
Apparently, theres no end to the ridiculous things taxpayers believe
March 19, 2014
The NAEAs collection of ridiculous things tax clients believe
February 7, 2014
The Tax & Accounting business of Thomson Reuters has compiled its annual sampling of quirky sales tax changes passed or implemented in 2013.
January 31, 2014
The Minnesota Society of CPAs recently conducted its annual CPA member survey about the most strange and unusual tax deductions proposed by clients. The responses included everything from pets and wedding rings to gifts not given.
January 24, 2014
The Taxpayer Advocate proposes a list of rights and responsibilities
September 30, 2013
Are you helping your clients avoid these common blunders?