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.
-
Refundo, a provider of low-cost tax-related bank products, has partnered with online- and app-payment provider Stripe to allow tax offices to accept credit card payments through Refundos online platform.
February 5 -
The Internal Revenue Service's new commissioner, John Koskinen, told a congressional hearing Wednesday that the IRS has received an unprecedented number of comments on its proposed regulations for 501(c)4 tax-exempt groups and they will not be finalized anytime soon.
February 5 -
The Treasury Department said Wednesday the U.S. has signed intergovernmental agreements with both Canada and Hungary to implement the Foreign Account Tax Compliance Act, or FATCA, in an effort to discourage offshore tax evasion.
February 5 -
International Business Machines Corp. has reduced its tax rate to a two-decade low with help from a tax strategy that sends profits through a Dutch subsidiary.
February 5 -
The Internal Revenue Service has updated and improved its IRS2Go mobile app this tax season, adding new features including a way to track the status of a taxpayers tax refund.
February 4 -
Congressman Richard E. Neal, D-Mass., the ranking Democrat on the House Ways and Means Select Revenue Subcommittee, has introduced legislation containing a number of tax and other provisions with the goal of jumpstarting the economy, financing investment in infrastructure, fighting income inequality and creating jobs.
February 4 -
Changes in the implementation of the Affordable Care Act could pose a challenge for the Internal Revenue Service's customer service, according to a new government report.
February 3