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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Highlights of some of our favorite tax-related blogs from the past week.
December 11 -
As year-end approaches, it would be worthwhile for practitioners to consider whether corporate clients could benefit from the following last minute tax-saving moves, including adjustments to income to preserve favorable estimated tax rules for 2015, deferral of certain advance payments to next year, and fine-tuning bonuses to make the most of the Section 199 domestic production activities deduction.
December 10 -
Congress has cut the Internal Revenue Services budget once again, reducing the tax agencys fiscal year 2015 budget by 3 percent compared to this years funding level.
December 10 -
The other day I spent an hour drafting a long email detailing out the errors I picked up on in a clients balance sheet.
December 9 -
U.S. Senate Finance Committee Chairman Ron Wyden said he expects Congress to pass legislation that would permanently extend three lapsed tax breaks for charitable contributions.
December 9 -
U.S. states are taking advantage of an expanding economy to cut taxes by the most in 14 years while spending more on education and other programs, according to the National Association of State Budget Officers.
December 9 -
Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.
December 8