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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Hillary Clinton on Monday outlined a plan for economic growth focused on the middle class and signaled she'll be offering an extensive set of proposals to rein in Wall Street in one of the first major policy speeches of her presidential campaign.
July 13 -
Two Swiss banks agreed to pay combined penalties of about $8.3 million to avoid prosecution under a U.S. program that requires Swiss firms to say how they helped American clients avoid taxes.
July 13 -
A federal appeals court upheld a sentence that didnt include prison time for H. Ty Warner, the billionaire creator of Beanie Babies plush toys, who evaded $5.6 million in taxes after hiding money in a Swiss bank account.
July 13 -
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More than 80 percent of large corporations have been offered incentives by a state or local economic official for a new development or corporate relocation, according to a new study by Bloomberg BNA.
July 9 -
Highlights of some of our favorite tax-related blogs from the past week.
July 9 -
The Internal Revenue Service and the Treasury Department plan to amend the required minimum distribution regulations under Section 401(a)(9) of the tax code to address the use of lump sum payments to replace annuity payments being paid by a qualified defined benefit pension plan.
July 9
