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 IRS urged tax professionals in an email Wednesday to verify their Electronic Filing Identification Number activity to safeguard against tax fraud.
February 17 -
The Internal Revenue Service has begun conducting on-site inspections of tax preparers who continue to have problems with verifying their clients eligibility for claiming the Earned Income Tax Credit, and warned that the penalty has increased.
February 17 -
While some farms may raise cattle, poultry or fish and others grow fruits or vegetables, all will report their farm income on Schedule F, Profit or Loss from Farming. If your clients own a farm or ranch, here are 10 tax tips from the IRS.
February 17 -
The number of changes in sales and use taxes declined in the fourth quarter of last year, according to a new report.
February 17 -
A roundup of some of our favorite recent tax fraud cases.
February 16 -
During a tax return preparation interview, getting a clients information is a tremendous opportunity to find out the concerns of the client and how you can help.
February 15 -
Now that 2016 is well underway, organizations across the country are looking for opportunities to boost their business and consolidate their spending through annual budgeting processes.
February 12
