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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A former Internal Revenue Service employee was sentenced Wednesday to nine years and two months in jail for leading a $1 million identity theft scheme that ensnared hundreds of taxpayers.
August 11 -
The Internal Revenue Service is sounding the alarm about a new scheme in which scammers send emails purporting to come from tax software companies, instead fooling tax preparers into clicking on a link that will load malware on their computers.
August 11 -
The Internal Revenue Service is recommending tax professionals monitor their Preparer Tax Identification Numbers for signs of suspicious activity.
August 10 -
The Internal Revenue Service has issued a revenue procedure saying a charitable remainder annuity trust that includes a sample provision in its governing agreement wont be subject to a test that could disqualify it.
August 9 -
When Donald Trump first rolled out his tax plan last October, it contained a major boon for the middle-classa near quadrupling of the standard income-tax deduction, to $25,000 for individuals and $50,000 for couples filing jointly.
August 9 -
Thomson Reuters has added content to its Checkpoint Catalyst tax and accounting research service on passive foreign investment companies and sales and use tax exemptions for manufacturers.
August 9 -
Donald Trump has cast himself as the establishments worst nightmare, but his new economic plan borrows heavily from the traditional Republican playbook in seeking to return the U.S. economy to the pre-crisis days of headier growth.
August 8