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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Happy Asker, the founder of a pizza chain based in Farmington Hills, Mich., that operated restaurants throughout Michigan, Ohio and Illinois, was sentenced last week to 50 months in prison for income and employment tax fraud.
July 17 -
Senate Finance Committee chairman Orrin Hatch, R-Utah, and ranking Democratic member Ron Wyden, D-Ore., said Friday the committee will markup a tax extenders bill next Tuesday.
July 17 -
In every country Ive been in, real estate is the best tax shelter, said Tom Wheelwright, CPA, an advisor and speaker at Robert Kiyosakis Rich Dad Poor Dad seminars, and a contributor to Donald Trumps Wealth Builders Program.
July 16 -
Undercover investigators working for the Government Accountability Office were able to receive approximately $30,000 in Advance Premium Tax Credits for health insurance after setting up a dozen fictitious accounts.
July 16 -
Highlights of some of our favorite tax-related blogs from the past week.
July 15 -
Sales tax software provider Avalara has partnered with the publisher Wiley to offer a free ebook, Sales & Use Tax Compliance for Dummies.
July 15 -
A new government report urges the Internal Revenue Service to do a better job of educating and notifying taxpayers about provisions of the tax code requiring them to begin taking minimum distributions from their Individual Retirement Arrangements when they reach a certain age, but the IRS responded that it lacks enough money in its budget to do so.
July 15
