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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Internal Revenue Service Acting Commissioner Steven T. Miller told a congressional panel Thursday that while tax season began with delays caused by the late passage of the fiscal cliff legislation, the rest of the season eventually went smoothly.
April 25 -
Intuit expects approximately 4 percent revenue growth in TurboTax for the 2013 fiscal year, the company said today.
April 25 -
The Internal Revenue Service released its final report Thursday summarizing its audits of tax-exempt colleges and universities and found that many of them underreport taxable income from their unrelated businesses.
April 25 -
Recent research into William Shakespeare by literary scholars indicates that he may have been a great dramatist, but he was truly the Bad Bard when it came to paying his taxes.
April 24 -
The Tax Foundation has released a chart detailing state income tax collections per capita for calendar year 2011.
April 23 -
A loose coalition of anti-tax activists, direct marketers and financial industry trade groups has a tough task this week in overcoming bipartisan support for letting states impose sales taxes on out-of-state sellers.
April 23 -
It might be tempting for small business owners, and their advisors, to contemplate the higher tax rates on individuals spawned by the American Tax Relief Act, and conclude that switching their S corporation to a C corporation makes sense.
April 18
