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.
-
Donald Trumps revamped tax plan stands in stark contrast to his rival Hillary Clintons plan, although many of the differences go back to the traditional split between the Republican and Democratic approaches to tax reform.
August 12 -
Democratic presidential nominee Hillary Clinton and her husband, former president Bill Clinton, earned adjusted gross income of $10.6 million in 2015 and paid $3.6 million in federal income taxes, according to a tax return her campaign released Friday as it sought to draw a contrast with her Republican rival, Donald Trump.
August 12 -
Rupert Grint, who played Ron Weasley in the Harry Potter movies, failed in an effort to recover approximately 1 million pounds on his tax refund from the United Kingdom, showing that Expelliarmus spells dont work with the U.K. tax authorities.
August 12 -
Donald Trumps campaign is preparing to tweak one of his boldest tax proposals out of concern that it might lead some high-income earners to try to scam the system, one of the Republican presidential nominees economic advisers said.
August 12 -
For several decades, estate planners have been using entities such as family limited partnerships or family limited liability companies as an estate planning tool.
August 11 -
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
