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 Service's decision not to update mortality assumptions to reflect today's higher life expectancy could help corporate pension plan sponsors save at least $18 billion in 2016 as they continue to calculate minimum funding contributions according to outdated models, according to a new report from Moody's Investors Service.
September 3 -
One of the leaders of the Senates main tax committee is sounding the alarm about proposed budget cuts at the Internal Revenue Service and warning that it could encourage identity theft, tax evasion and tax fraud by crime syndicates.
September 3 -
Puerto Rico is struggling under $72 billion in debt that is forcing the territory to make some tough choices.
September 2
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Looking for planning prospects in your client base? Start with these four groups.
September 2 -
Liberty Tax Inc. reported a net loss for its fiscal first quarter ended July 31 of $8.5 million, unchanged from the prior year.
September 2 -
A California CPA has admitted to abusing his positions at a worship center in New Jersey and a nonprofit in California to steal more than $4 million.
September 1 -
A selection of our favorite recent tax fraud cases.
August 30
