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 Centers for Medicare and Medicaid Services on Friday morning announced it will implement a special enrollment period for individuals who learn, at the time they file their taxes, of the Affordable Care Act-mandated tax penalty for not having health insurance coverage.
February 20 -
Highlights of some of our favorite tax-related blogs from the past week.
February 19 -
New York Governor Andrew Cuomo said the state is expanding its network of free tax assistance sites, opening 80 new sites across the Empire State and offering 942 free sessions to New Yorkers, while also dedicating more money toward combating tax fraud.
February 19 -
H&R Block is warning that taxpayers in 12 states will be unable to use certain federal tax breaks on their state tax returns because of Congresss late passage of tax extenders legislation, leading to lower state tax refunds.
February 19 -
A CPA has released what he is calling a survival kit for the Internal Revenue Services recently revised repair regulations for tangible property.
February 18
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Ah, the emotions of tax season: the rising sense of intensity and excitement followed by the descent into exhaustion.
February 18 -
The Internal Revenue Service warned tax preparers and other tax professionals to be on guard against bogus emails seeking updated personal or professional information that in reality are phishing schemes.
February 18
