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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Seventeen states will soon offer sales tax holidays where state sales tax charges are temporarily dropped on back-to-school items and other qualifying products.
July 30
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House Ways and Means Committee members Charles Boustany, R-La., and Richard Neal, D-Mass., have released a bipartisan proposal to create a so-called innovation box, a lower tax rate on income derived from intellectual property to encourage more multinational companies to keep intangible assets in the U.S.
July 29 -
Electronic payments and banking technology provider ACI Worldwide said the Internal Revenue Service has extended its relationship with the companys OfficialPayments.com online bill payment service portal.
July 28 -
In the first two quarters of 2015, there were 207 sales and use tax rate changes, up from 159 in the first six months of 2014, according to a new report.
July 28 -
UBS AG and a banker-turned-whistleblower were deemed to have too unclean hands to bring a malicious prosecution lawsuit against a real-estate developer who had accused them of duping him into filing a false tax return.
July 28 -
An 85 percent majority of CPAs in New Jersey expect their businesses to grow in the coming year, according to a new survey.
July 27 -
