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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Affordable Care Act-related tax issues await CPAs and those who prepare their own returns this upcoming tax season, according to the National Conference of CPA Practitioners.
December 14 -
Outgoing House Ways and Means Committee chairman Dave Camp, R-Mich., officially introduced Thursday the comprehensive tax reform package he has been laboring over in recent years.
December 11 -
Sen. Tom Coburn, R-Okla., has released a report highlighting billions of dollars in tax breaks for special interests.
December 11 -
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
