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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Large, profitable American corporations paid only 14 percent of their profits in federal income taxes on average from 2008 through 2012, and approximately one-fifth of them paid nothing at all in each of those years, according to a new government report commissioned by Sen. Bernie Sanders.
April 13 -
Delphi Automotive Plc said it won a long-running dispute with the Internal Revenue Service over whether the parts maker, which is run from a Detroit suburb, should be allowed to call itself British for tax purposes.
April 13 -
With only a week to go until T-Day, its countdown timeand about one-third of U.S. income tax returns had yet to be filed as of April 1. Following last years abysmal mix of poor customer service, massive identity theft, and refund fraud, a healthy dose of tax filing dread seems to have set in.
April 13 -
The Caldwell House Bed and Breakfast in Salisbury Mills, N.Y., is offering some serious tax relief for tax preparers and accountants.
April 12 -
When one dies owning commercial or rental residential real estate, a cost segregation study can be a highly effective tool for reducing the estates tax burden.
April 12 -
The Senate Finance Committee held a hearing Tuesday to examine the Internal Revenue Services recent failures to protect taxpayer information from cybercriminals.
April 12 -
European Union regulators sought to shame big global companies into paying their full tax bill by forcing them to publish how much they divert to offshore havens.
April 12