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 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 -
Accounting and consulting firm Crowe Horwath LLP has introduced Crowe K-1 Navigator, a tool that helps streamline Schedule K-1 tax-reporting processes for flow-through businesses such as partnerships and S corporations.
February 20 -
In my consulting activity the last few months of 2012, I saw the emerging symptoms of a new disorder in many family business owners: Post-Traumatic Gift Disorder, or PTGD.
February 19 -
President Obama appealed to Congress to balance tax reforms with spending cuts to avoid the painful automatic cuts imposed by the budget sequester deal.
February 19 -
BizLogr Inc. today unveiled MileLogr, an Internet service designed to help taxpayers get tax deductions for the business use of a car by figuring out the distances driven from data in the users calendar.
February 19 -
The Internal Revenue Service said Tuesday that taxpayers need to report Roth individual retirement account conversions from 2010 on their returns this tax season.
February 19
