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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Although a recent ABC News/Washington Post Poll found just 6 percent of voters who lean Republican and 4 percent of those who lean Democrat rank taxes as the most important issue impacting their vote, one in five public company tax directors feel differently.
March 17 -
Nearly a quarter of Americans think its acceptable to lie to the Internal Revenue Service about under-the-table income.
March 17 -
The Treasury Inspector General for Tax Administration is pursuing fraudsters posing as IRS agents who call to harass taxpayers about fictitious tax debts, calling them back to warn them about their criminal activity and getting the phone company to shut them down.
March 17 -
The American Institute of CPAs is crying foul over an ad by H&R Block suggesting that many CPAs dont know how to prepare tax returns, but Block is promising to increase its competition with CPAs.
March 17 -
With a 400 percent surge in reported phone and email phishing and malware schemes this tax season, the American Institute of CPAs is working with Congress, the Internal Revenue Service and its members to combat tax-related identity theft and tax return fraud.
March 16 -
The owner and operator of Grant Tax Service, a tax preparation business in Vineland, N.J., has been indicted by a federal grand jury on 18 counts of aiding and assisting in the preparation of false tax returns and five counts of filing false income tax returns.
March 16 -
Apple Inc., facing a European Union probe into its fiscal affairs in Ireland, told a panel of EU lawmakers Tuesday it pays all taxes due in the nation and doesnt get an unfair advantage compared with other companies there.
March 16
