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 leaders of Congresss two main tax committee teamed up Thursday to launch a new Web site and Twitter feed, with the goal of getting input from the American public on tax reform.
May 9 -
CCH has released a new analysis of the Internet sales tax legislation approved by the Senate this week.
May 8 -
Sen. Rand Paul, R-Ken., has introduced legislation to repeal provisions of the Foreign Account Tax Compliance Act, or FATCA, that he contends undermine the privacy of U.S. citizens.
May 8 -
The Senate has approved legislation requiring online retailers to collect sales taxes from Internet sales, even if they dont have a physical presence in the state where the customer resides.
May 6 -
Congresss Joint Committee on Taxation has released a report summarizing various provisions of the Tax Code and suggestions that were sent to House Ways and Means Committee working groups tasked with various aspects of tax reform.
May 6 -
The Internal Revenue Services Oversight Board heard about the various problems encountered by tax practitioners and taxpayers, including the shortened tax season, identity theft and tax fraud.
May 3 -
When Oklahoma energy billionaire George Kaiser opened the Northeast Gateway liquid natural gas terminal in 2008, the floating depots first delivery was shipped on the Excellence, a 909-foot supertanker that holds 138,000 cubic meters of LNGenough gas to meet more than 4 percent of daily U.S. demand.
May 3