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 main tax-writing committees said they plan to ask for proposals from the public for tax reform ideas using social media in an effort to make the process more transparent.
April 8 -
As the April 15 deadline for filing taxes approaches, a federal prosecutor and the head of the IRS Criminal Investigations Newark Field Office are reminding taxpayers to accurately and completely fill out their returns and make sure they file them on time, while pointing out that not all tax preparers are honest.
April 5 -
The average individual taxpayer would have needed to shoulder an estimated $1,026 last year to make up for the revenue lost to the offshore tax havens used by corporations and the wealthy, while small businesses would have to pay an extra $3,067 to cover the cost of offshore tax breaks used by large corporations, according to a new study.
April 5 -
President Barack Obamas budget proposal would cap multimillion-dollar tax-favored retirement accounts like the one held by Mitt Romney, his Republican rival in 2012.
April 5 -
President Barack Obamas budget plan will incorporate deficit-cutting proposals that include changing the calculation for Social Security cost-of-living increases and tax brackets, according to a White House statement.
April 5 -
A large cache of secret documents reveals that tens of thousands of people, including government officials from around the world, are using offshore companies and trusts to avoid taxes.
April 4 -
Those that know me, know that I do not like extensions. However, there are valid reasons for extensions, and here are 15 of them:
April 4