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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More Americans living outside the U.S. gave up their citizenship in the first quarter of 2015 than ever before, according to data released Thursday by the IRS.
May 7 -
Tax and accounting software vendor Intuit has launched a series of local events running up to its annual QuickBooks Connect conference in October.
May 7 -
Jackson Hewitt Tax Service reported the best results it has seen in over five years this tax season, in contrast with competing tax prep chains H&R Block and Liberty Tax.
May 5 -
Tax prep, bookkeeping and payroll services company and franchiser ATAX recently announced plans to double its U.S. presence over the next 20 months.
May 5 -
Major tax prep chains Liberty Tax Inc. and H&R Block reported that the number of returns they prepared this tax season were flat or down slightly.
May 4 -
The Foreign Account Tax Compliance Act is meeting with some success in prompting foreign banks to disclose the holdings of U.S. taxpayers to the Internal Revenue Service, according to a former IRS official.
May 4
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Former pro football player Plaxico Burress has been indicted by a New Jersey grand jury in the first prosecution under a new statute that makes a failed electronic funds transfer the same as a bad check.
May 4
