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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Thomson Reuters has entered into an agreement with Claims-X-Change to provide a Web-based tool to perform nondiscrimination testing of employer-sponsored benefit plans, accessible through its Checkpoint research platform.
August 16 -
The Motion Picture Association of America has resolved a dispute with Chinese authorities over value-added tax payments that had held up payment for Hollywood movies distributed in China.
August 15 -
The American Institute of CPAs has written to the heads of Congresss main tax-writing committee expressing its opposition to a proposed limitation on the use of the cash method of accounting for partnerships, S corporations, personal service corporations and farmers.
August 15 -
Americans who currently buy their own insurance through the individual market would receive tax credits averaging nearly $2,700 next year for coverage purchased through new insurance marketplaces under the Affordable Care Act, according to a new study.
August 14 -
U.S. taxpayers filed 145.4 million individual income tax returns for tax year 2011, a 1.7 percent increase from 2010, according to newly released IRS statistics.
August 13 -
Married same-sex couples with children may face higher bills from the IRS as recent Supreme Court rulings start playing out in the tax code.
August 13 -
Americans renouncing U.S. citizenship surged sixfold in the second quarter from a year earlier as the government prepares to introduce tougher asset-disclosure rules.
August 9