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 group of plaintiffs are suing the Treasury Department, the Social Security Administration, and the District of Columbia, claiming the federal government is continuing to hold onto their tax refunds to pay for supposed overpayments of Social Security benefits decades ago.
February 18 -
The Internal Revenue Service said Wednesday it would begin a limited test at 10 of its Taxpayer Assistance Centers to determine whether an appointment-based service approach at its walk-in centers might help reduce taxpayer wait times during a time of severe budget cuts at the agency.
February 18 -
Tonya Keith typically spends four to eight hours doing her taxes each year. This year, she says, Ive got about 30 hours in, and Im not done. The reason: She and her wife got married last year in Seattle, but they live in Georgia, which doesnt recognize their marriage.
February 17 -
Last Friday, the IRS released Revenue Procedure 2015-20, which lessens the requirements for certain companies to file a Form 3115 while adopting the new repair regulations.
February 17 -
Sen. Rob Portman, R-Ohio, and Congressman Charles Boustany, R-La., have re-introduced a bill in Congress aimed at enabling Enrolled Agents to advertise their credential in more states.
February 17 -
7 things can learn during tax prep to build a stronger client relationship
February 16
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The House Ways and Means Committee voted to expand college savings tax incentives that President Barack Obama proposed limiting earlier this year.
February 13
