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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Chevron Corp. used a shell company in a tax haven to escape hundreds of millions of dollars in Australian taxes, according to a 2015 court ruling. The subsidiary, which allowed Chevron to eliminate Australian taxes on $1.7 billion in profit earned there, wasnt secreted away on a remote tropical islandit was set up in the very mundane locale where corporate secrecy was born: Delaware.
April 27 -
TaxAct plans to launch a new sweepstakes next week for tax professionals to celebrate the end of tax season.
April 27
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Highlights of some of our favorite tax-related blogs from the past week.
April 26 -
Many small business owners who received tax refunds plan to invest the money in their businesses, according to a new survey.
April 26 -
As a general rule, the cost of commercial real estate improvements is recovered over a painfully long period of 39 years via straight line depreciation only.
April 26 -
A Georgia couple have pleaded guilty to participating in a identity theft-related tax fraud scheme in which they used the Internal Revenue Services online Get Transcript application to steal other taxpayers refunds.
April 26 -
With the April 2016 tax filing season behind us, it is time to start focusing clients on new tax issues they will be facing for the current tax year.
April 26
