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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When it comes to taxes, corporate America is getting a bit less corporate. And a bit less American.
April 15 -
The nonprofit organization Tax Analysts has created an interactive bar graph of audit rates to provide information on the chances of being audited by the Internal Revenue Service depending on different business types and individual income levels.
April 14
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MapLight, a nonpartisan research organization that tracks money's influence on politics, has released a new analysis of how major tax and accounting organizations are spending funds on lobbying Congress and federal agencies.
April 14 -
Every year, millions of taxpayers miss out on chances to lower their tax bills. They miss deductions or dont exploit tax breaks designed to lower the costs of education, retirement, and health care.
April 14 -
Swiss banks, for decades the bastions of secrecy, are preaching the virtue of transparency to their U.S. clients as they try to head off billions of dollars in potential fines for helping Americans evade taxes.
April 14 -
The Internal Revenue Service is asking tax professionals to refrain from directing their clients to call the IRSs e-help desk, saying that it is causing longer hold times on the phone line, which is only supposed to be used by practitioners.
April 13 -
Congressional Republicans have narrowed the estate tax so much that it affects only about 5,500 wealthy American households a year. Now they want to eliminate the tax altogetherwith a bonus for heirs.
April 13
