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 Taxpayer Protection Program that the Internal Revenue Service implemented in an effort to curb the problem of identity theft-related tax fraud is improving the IRSs efforts at detecting identity theft, but the case-processing controls need to be strengthened to reduce the burden on taxpayers victimized by identity theft, according to a new government report.
July 17 -
The unthinkable happened to me. My office was burglarized and a computer stolen containing all of my clients personal information! This is my cautionary tale to my colleagueswe have become targets in the IRS identity theft epidemic.
July 17 -
Sales tax and compliance automation service Avalara has formed a strategic alliance with AGN International-North America Inc. which will enable firms to access sales and use tax (SUT) and value added tax (VAT) information and related resources.
July 15 -
H&R Block said it has entered into an agreement with Republic Bank and Trust Company to sell assets and transfer liabilities from its H&R Block Bank unit to Republic.
July 15 -
The Internal Revenue Service said in an email to tax professionals Friday that it would begin sending letters to enrolled agents in late July when their enrollment status is being inactivated or terminated because of their failure to renew.
July 12 -
Thomson Reuters has released the 2013 edition of its annual Tax Planning Guide.
July 12 -
House Ways and Means Committee chairman Dave Camp, R-Mich., contended that the immigration reform bill approved by the Senate last month violates the Constitution because it contains revenue provisions that are supposed to originate in the House.
July 12