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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The American Institute of CPAs has sent a letter outlining a set of legislative proposals to the leaders of Congresss two main tax committees, the House Ways and Means Committee and the Senate Finance Committee, recommending ways to simplify the tax laws and make them fairer.
February 24 -
Forty-five percent of the 1,000 investors in a recent survey expect to receive a tax refund, and among them, 61 percent plan to save or invest the money, according to a poll by TD Ameritrade
February 24 -
Group-of-20 nations agreed to implement a global standard for automatically exchanging information between tax authorities by the end of 2015, the Organization for Economic Cooperation and Development said.
February 24 -
IRS Commissioner John Koskinen took some time off from his busy filing season schedule to discuss some questions posed by our readers and staff.
February 20 -
The Treasury Department and the Internal Revenue Service released a final package of regulations Thursday to implement the Foreign Account Tax Compliance Act and amend the regulations to align them with existing tax rules.
February 20 -
The U.S. Senate Permanent Subcommittee on Investigations will hold a hearing next week on a crackdown on offshore tax evasion that has stalled as prosecutors conduct criminal probes of 14 banks, including Credit Suisse Group AG.
February 20 -
The top Republican tax writer in Congress will release a draft plan to revamp the U.S. tax code amid political odds that are stacked against him.
February 20