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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Well over half of tax preparers in a recent survey said that they expect to generate more revenue in the coming tax season than they did last year.
December 31 -
While a recent survey found that tax preparers across the country intend to universally raise rates for this coming season, why theyre raising them -- and by how much -- varies widely depending on a range of factors.
December 30 -
Among the nations billionaires, one of the most sought-after pieces of real estate right now is a quiet storefront in Sioux Falls, South Dakota.
December 27 -
The Internal Revenue Service is urging individuals and businesses that are making contributions to charity to keep in mind several important tax law provisions that have taken effect in recent years. Accountants can pass along the advice to their clients who are making charitable contributions that they can claim on their taxes next year.
December 26 -
The Internal Revenue Service is warning tax preparers who do not send a Form 8867, Paid Preparers Earned Income Credit Checklist, with the tax returns they file for clients who claim the Earned Income Tax Credit that they are subject to a $500 penalty per return.
December 24 -
The Internal Revenue Service plans to transition more of its services for taxpayers to online, automated self-service options next tax season to save money and manpower.
December 24