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 U.S. tax systems for individuals and corporations should be revamped together, said the top Republican tax writer in Congress, resisting President Barack Obamas call for a business-only approach.
August 2 -
Tax reform talk is heating up. Support is growing for bipartisan efforts to rewrite the tax code, with committee chairmen and ranking members in both the House and the Senate jumping aboard the effort.
August 1 -
A bipartisan group of senators have introduced legislation to combat acts of tax evasion, money laundering, terrorism and other wrongdoing facilitated by U.S. corporations with hidden owners.
August 1 -
The American Institute of CPAs has sent a letter to the Senate Finance Committee recapping its recommendations on tax reform as the committee moves closer to drafting a tax reform bill.
August 1 -
President Barack Obama, prodding Congress to consider fresh economic proposals after two years of gridlock, called for restructuring business taxes so long as the initial revenue generated goes toward job creation.
July 30 -
The leaders of Congresss two main tax committees continued their tax reform road show tour with a stop at a New Jersey small business that makes kitchen appliances.
July 30 -
Last week, one of the girlie cable channels had a weeklong Christmas-in-July event, where they showed Christmas movies the whole week. (In case youre wondering, its my wife, not me, who watches this particular channel). But the thought occurred that if its time to start thinking about Christmas, then its also time to begin considering end-of-year tips and planning strategies to offer clients as we approach the beginning of fall.
July 25
