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 Internal Revenue Service is urging taxpayers to resist the urge to call the agency for answers to tax questions as it anticipates an avalanche of phone calls next week and is instead asking them to go online for help.
February 13 -
The Organization for Economic Cooperation and Development has developed a new global standard for automatic exchange of tax information among nations in response to a mandate from finance leaders of the G20 countries to combat tax avoidance and evasion.
February 13 -
The late start to tax season will re-arrange software maker Intuit Inc.s revenues by about $120 million, according to the companys latest outlook, released Tuesday.
February 12 -
Rep. Blake Farenthold, R-Texas, has reintroduced legislation to provide tax exemptions to American athletes who win medals in the Olympics.
February 12 -
Some locations of the Planet Fitness health club chain have begun charging some of their members a portion of the indoor tanning services tax mandated by the Affordable Care Act, whether or not they use the tanning services.
February 11 -
With tax season in full swing, its a good reminder that families with household employees have some impending deadlines. As most tax professionals are aware, the often overlooked household employment taxes or nanny taxes present a unique set of challenges.
February 11 -
The Internal Revenue Services new commissioner John Koskinen has released a message to taxpayers for this tax season, urging them to use the agencys Web site and warning of long wait times on the phone.
February 11