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 has announced additional annual inflation adjustments for more than 50 tax provisions for 2016, including the tax rate schedules and other tax changes.
October 21 -
The Internal Revenue Service released its annual update Wednesday on the cost of living adjustments for pension plans and retirement plans for next year, along with the amounts of standard deductions and other tax benefits.
October 21 -
Starbucks Corp. and a Fiat Chrysler Automobiles NV unit must each pay as much as 30 million euros ($34 million) in back taxes after the European Union said they were handed illegal fiscal deals by the Netherlands and Luxembourg.
October 21 -
The impact of the Organization for Economic Cooperation and Developments Base Erosion and Profit Shifting action plan is still unclear, but tax executives are planning ahead for changes on the international tax front.
October 20
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The Internal Revenue Service met with a group of state tax administrators and tax industry leaders Tuesday to discuss additional steps they are taking for next tax season to strengthen safeguards against identity theft and tax refund fraud.
October 20 -
National Estate Planning Awareness Week is October 19 to 25, and two New York CPAs have some advice for estate planners and their clients.
October 19
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The Internal Revenue Service has recently updated its Entertainment Audit Technique Guide to help tax professionals when reporting various items related to the entertainment industry.
October 19
