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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The Internal Revenue Services audits of business tax returns have declined steeply in recent years, thanks to successive rounds of budget cuts, according to a new analysis.
March 16 -
Bloomberg BNA has upgraded its BNA State Tax Analyzer with a new NOL Manager function that predicts and analyzes the financial impact of state net operating losses on a businesss cash, effective tax rate and earnings per share.
March 15 -
Most clients who utilize accounting firms to prepare their tax returns make charitable contributions. Many do so in a tax-efficient manner by donating appreciated securities directly to charities or utilizing donor-advised funds through which they make their grants.
March 15 -
WalletHub has released its annual report on the states with the highest and lowest tax rates in the country.
March 15
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The operator of an Atlantic City, N.J.-based tax preparation business has pleaded guilty to filing false claims with government.
March 15 -
Many Americans are willing to delay receiving their tax refunds for up to two months if it would provide the IRS time to combat identity fraud, according to a new survey.
March 15 -
Foreign bank account report filings surpassed the 1 million mark last year, up more than 8 percent from 2014, the Internal Revenue Service reported Tuesday.
March 15
