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 Minnesota Society of Certified Public Accountants recently surveyed its CPA members in public accounting on the most outrageous tax deductions clients tried to take on their tax returns. The resulting list shows that, more often than not, clients just don’t know which deductions are allowed.
January 8
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Highlights of some of our favorite tax-related blogs from the past week.
January 7 -
TaxAct has released the 2015 Preparers Editions of its tax preparation software.
January 7 -
Intuit announced security enhancements across its suite of professional tax products, including Intuit Tax Online, ProSeries and Lacerte, as part of the companys continued work with the IRS, states and industry to combat tax fraud.
January 7 -
Former billionaire entrepreneur Samuel Wylys difference of opinion with the Internal Revenue Service could turn an offshore fortune into an onshore fraud if the agency gets its way.
January 7 -
The Swiss bank used by the convicted con man known as The Wolf of Wall Street agreed to pay almost $188 million to avoid prosecution for helping U.S. clients avoid taxes through such methods as providing untraceable gold bars and cash.
January 7 -
Some of our favorite recent tax fraud cases.
January 5
