Tax
Tax News & IRS Insights for Accounting Professionals
Accounting Today delivers news and analysis for accounting and tax professionals on federal and state tax developments, IRS guidance,information reporting, and operational implications for practices and clients. Our coverage focuses on legislative and procedural shifts that tax practitioners must monitor in planning, compliance, and advisory contexts.
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As both major Presidential candidates campaigns get into full gear, some of their positions on tax have become clearer, while others are still up in the air.
September 22 -
The Internal Revenue Service spent $15 million on a delayed implementation of an upgraded system for handling an aspect of the Foreign Account Tax and Compliance Act, but the software did not deliver the expected business results, according to a new report.
September 22 -
Hillary Clinton wants roughly $550 billion in new taxes and fees over the next decadeaffecting investment partnerships, large estates and banksthat have received little to no public discussion from her campaign, a report from a Washington-based policy group shows.
September 22 -
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An Internal Revenue Service revenue officer has pleaded guilty to fraud charges for filing tax returns using taxpayers identities and failing to report income he received from an unauthorized tax business.
September 21 -
Donald Trump used a charitable foundation he controls as a "personal ATM machine," Senate Minority Leader Harry Reid said on the Senate floor Tuesday, escalating his partys attack on the Republican presidential nominee over reports that he mixed charitable and business interests.
September 21 -
Assets in college savings plans named for an obscure section of the Internal Revenue Service code hit a new record this summer, totaling $266.2 billion. Thats up 5.1 percent from a year ago, when assets in the accounts stood at $253.2 billion.
September 21
