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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As Presidents Day Week winds down, it seems logical to pay a little attention to Presidents Washington and Lincoln, especially their wisdom and the positions they held on a number of the issues they faced in their time.
February 21 -
Social media sites Facebook and LinkedIn are enjoying massive tax breaks on stock options, according to recent reports.
February 21 -
Accounting firm ParenteBeard has launched a Small Business Tax Toolkit offering online advice to small business owners who are looking for guidance on their taxes.
February 21 -
The Internal Revenue Service has introduced a new tool for determining a taxpayers eligibility for an offer in compromise that can help lower the taxpayers outstanding tax debts.
February 21 -
The Internal Revenue Service said Wednesday that it has observed problems with the filings for education tax credits that could be delaying processing of the tax returns.
February 20 -
The Minnesota Society of Certified Public Accountants recently surveyed its CPA members about the most creative tax deductions proposed by their clients. Here are some of the most memorable responses from the MNCPA's annual list of strange and unacceptable tax deductions for 2012.
February 20
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Last year, about $450 million belonging to top executives at billionaire hedge fund manager John Paulsons New York firm took a quick round trip to Bermuda.
February 20
