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.
-
The U.S. has signed six more intergovernmental agreements with a half dozen jurisdictions, including several traditional offshore tax havens, to implement the Foreign Account Tax Compliance Act, or FATCA.
December 19 -
Last tax season marked an increasing level of noncompliance by tax preparers with the Internal Revenue Services due diligence reporting requirements for the Earned Income Tax Credit, according to a new report reviewing the IRSs performance during the delayed tax season.
December 19 -
CCH, a part of Wolters Kluwer, has released the 2014 edition of its U.S. Master Tax Guide.
December 18 -
The Internal Revenue Service announced today that the 2013 tax season will start on January 31, and encouraged taxpayers to e-file or use the Free File service to get their refunds more quickly.
December 18 -
When it comes to next tax season, tax preparers biggest concerns all revolve around lateness.
December 18 -
The Internal Revenue Service has issued guidance on the application of rules in the Tax Code relating to health savings accounts and flexible spending accounts to same-sex couples in the aftermath of the Supreme Courts landmark decision earlier this year striking down the Defense of Marriage Act.
December 17 -
The popularity of the shelter, known as the Walton grantor retained annuity trust, or GRAT, shows how easy it is for the wealthy to bypass estate and gift taxes.
December 17