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 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 -
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
