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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The Senate Finance Committee heard testimony Thursday about the increasing prevalence of tax scams and identity theft, with senior citizens finding themselves especially vulnerable to callers impersonating Internal Revenue Service employees.
March 12 -
The most popular way Americans will use their tax refunds is to pay down their debt, according to a new survey.
March 12 -
Each New Year brings with it issues and regulationsboth new and revisitedthat cause accountants and their small business clients to scramble in order to remain compliant with the law.
March 11 -
A married couple who are partners in a Louisiana tax preparation service are also allegedly partners in crime, according to prosecutors.
March 11 -
The Internal Revenue Service said it has federal income tax refunds totaling $1 billion waiting for an estimated 1 million taxpayers who did not file a federal income tax return for 2011.
March 11 -
The Internal Revenue Service generally has adequate processes in place to prevent inadvertent disclosures of taxpayer information to unauthorized people, but it also understates the number of inadvertent disclosures it makes, according to a new government report.
March 11 -
Highlights of some of our favorite tax-related blogs from the past week.
March 11