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 study finds that U.S.-based multinational corporations move an average of $12 billion in taxable income back into the country each year without paying taxes, thanks to complex mergers and acquisitions.
January 30
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The Internal Revenue Services Free File program, which the IRS operates in conjunction with tax prep software providers, could well entice more taxpayers to self-file this tax season, despite new challenges like the Affordable Care Act.
January 30 -
Fans attending the Super Bowl this weekend may look up in the sky and see a cryptic message: NAEA, Americas Tax Experts, and WhatisanEA.org.
January 30 -
The Internal Revenue Service is partnering with community-based organizations across the country to promote the annual Earned Income Tax Credit Awareness Day, an effort to alert millions of low and moderate-income workers who may be missing out on a significant tax credit that can be worth up to $6,000.
January 30 -
The best-laid estate plans just got muddled.
January 30 -
The Internal Revenue Service is warning taxpayers to be on the lookout for unscrupulous tax preparers, citing preparers as one of the most common Dirty Dozen tax scams seen during tax season.
January 29 -
As many as 6 million U.S. taxpayers will have to pay a penalty of as much as 1 percent of income because they went without health insurance in part or all of 2014, the Treasury Department said.
January 29
