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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Telephone scammers may target students and parents during the back-to-school season and demand payments for such non-existent taxes as the Federal Student Tax, the IRS has warned.
August 18 -
The rules for claiming net operating losses to offset income tax liabilities can vary from state to state and are proving to be a big challenge for many companies, especially as both the economy and corporate profitability improve.
August 17
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The Internal Revenue Service issued final regulations Wednesday for a 2 percent tax on payments from the U.S. government to foreign contractors.
August 17 -
Democratic presidential nominee Hillary Clinton could have cut her 2015 federal tax bill roughly in halflopping about $1.7 million from what she owedunder the plan offered by Republican rival Donald Trump.
August 17 -
A total of 37 states provide full exemptions from sales and use taxes on manufacturing equipment and machinery, but for the rest of the states, the rules can be different.
August 16 -
The average rate for sales taxes across the U.S. increased a bit in the second quarter of the year, according to a new report.
August 16 -
Wolters Kluwer Tax and Accounting said Monday the Internal Revenue Service has selected it for the 12th year in a row to provide sales tax rate and taxability tables for taxpayers.
August 15
