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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A new government report finds some early evidence that the Advance Premium Tax Credit probably contributed to an expansion in health insurance coverage last year, but also notes that some taxpayers still lack access to affordable health plans.
March 23 -
Grant Thornton has issued a document describing the advantages of relocating businesses to other countries, including their tax profiles.
March 23 -
The consumer finance site WalletHub has produced an analysis of 2015s Best States to Be Rich or Poor from a Tax Perspective.
March 23 -
Internal Revenue Service Commissioner John Koskinen met with the heads of some of the major tax software companies, tax preparation chains, state tax commissioners and other officials in an effort to combat the growing problem identity theft and tax fraud.
March 20 -
The use of captive insurance by U.S. companies to manage costs and risks and realize tax benefits has been a legitimate activity for years. However, the IRS has recently focused significant audit resources on small and mid-market companies that are forming small or micro captive insurance companies.
March 20 -
Accountants see their small and midsize business clients making plenty of mistakes once tax season rolls around, but tax season may be too late to warn them.
March 20 -
The Internal Revenue Service is sending letters to verify the identity of taxpayers as part of its effort this tax season to combat the growing problem of identity theft.
March 20