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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Real estate investment trusts were originally created to permit tax-efficient public investment in real estate, but REITs have also found wide use as private vehicles.
May 14 -
The Internal Revenue Service has published final regulations to provide guidance on which costs incurred by estates or trusts other than grantor trusts are subject to a 2 percent floor for miscellaneous itemized deductions.
May 14 -
The Internal Revenue Service has issued final regulations clarifying the rules regarding the tax treatment of payments by qualified retirement plans for accident or health insurance.
May 14 -
Ninety percent of tax and finance executives of companies headquartered in the United States anticipate already heightened tax risks to accelerate in the next two years, compared to executives with 81 percent of companies globally who anticipate increased risk, according to a new survey by Ernst & Young.
May 13 -
Almost 50 years after Oscar-winning actor Yul Brynner gave up his passport at the U.S. embassy in the Swiss capital, the number of Americans relinquishing their citizenship jumped 47 percent in the first quarter.
May 12 -
H&R Block recently completed an acquisition of New River Innovation, developer of tax-issue resolution software Beyond415.
May 8 -
Thomson Reuters has formed a strategic relationship with Avention to give users of its ONESOURCE Transfer Pricing software access to Aventions industry report module.
May 8
