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 research and advocacy organization Global Financial Integrity is urging Sen. Rand Paul, R-Ky., to allow the Senate to vote on agreements negotiated by the Treasury Department with Switzerland, Luxembourg, Hungary and other countries to implement the Foreign Account Tax Compliance Act, or FATCA, in an effort to ferret out tax evaders.
May 2 -
You receive a call from a very excited client: your lawyer client settled a large case. Or your client won a large judgment. Or your client won the lottery. Now your client is about to receive a very large check: $1,000,000. $5,000,000. More? Thats the good news.
May 2 -
The rate at which the mortgage interest deduction is claimed and the average amount deducted varies widely across states and within states themselves, according to a new report.
May 1 -
CCH Small Firm Services and eFileCabinet are teaming up on offering PortalSafe, an integrated portal and file sharing service aimed at tax and accounting professionals.
May 1 -
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The American Institute of CPAs has sent tax reform recommendations to five of the 11 working groups on the House Ways and Means Committee tasked with studying various aspects of tax reform.
April 29 -
The House Ways and Means Committee held a hearing on tax reform and residential real estate, considering the effect of changing popular tax breaks like the mortgage interest deduction.
April 26