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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Senators Tom Harkin, D-Iowa, and Chuck Grassley, R-Iowa, led a bipartisan group of five senators in introducing legislation to increase the alternative tax liability limitation for small property and casualty insurance companies.
July 25 -
There are currently 17 states offering sales tax holidays where state sales tax charges are temporarily dropped on back-to-school items such as clothing, footwear, classroom supplies, computers and certain other products, according to CCH.
July 25 -
The deadline is coming up this week for lawmakers in Congress to submit their preferences for the must have tax breaks that need to be kept in the Tax Code under Senate Finance Committee leaders blank slate approach to tax reform.
July 25 -
Thomson Reuters has introduced Checkpoint Pocket Assistant, a mobile app that helps tax and accounting professionals perform tasks from an Apple iPhone.
July 24 -
Last months Supreme Court decision in U.S. v. Windsor held section 3 of the Defense of Marriage Act to be unconstitutional.
July 24 -
Thomson Reuters has integrated the upcoming back-to-school tax holidays into its ONESOURCE Indirect Tax Software.
July 24 -
A pair of lawmakers plan to introduce bipartisan legislation in the House that would provide permanent tax incentives to family farmers, ranchers and other land owners who choose not to develop their land and instead preserve their property for conservation.
July 23
