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 Internal Revenue Service is giving relief from late-payment tax penalties to individuals and businesses that request a tax-filing extension because they are attaching to their returns any of the forms that couldnt be filed until after January.
March 20 -
The U.S. economy will be between 1.5 and 2.6 percent smaller over the long-term because other nations corporate tax rates are considerably more competitive, according to a new study by Ernst & Young and the RATE Coalition, a group lobbying for lower corporate tax rates.
March 20 -
Headquartered in a former Rothschild chateau in an affluent Parisian neighborhood, the Organization for Economic Cooperation and Development is best known for earnest conferences on economic and social policy.
March 20 -
The Minnesota Department of Revenue has reinstated Intuits consumer and professional tax products to its approved vendor list.
March 20 -
As the April 15 tax filing date draws closer, millions of taxpayers still find themselves somewhere between putting the final touches on their tax return and just starting the process.
March 19 -
New York State Attorney General Eric Schneiderman issued advice Tuesday to taxpayers on hiring tax preparers, saying it is needed to avoid deceptive and fraudulent practices this tax season.
March 19 -
Some small businesses have shown questionable judgment in claiming SpaghettiOs, dog clothes, plastic surgery and undergarments as tax deductions, according to a new survey of accountants.
March 19