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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Representatives of various charities and nonprofits presented a case for preserving charitable deductions in the Tax Code in a hearing before the House Ways and Means Committee, arguing that imposing a cap on such deductions would cause many of them to cut back services at a time of critical demand.
February 15 -
The Internal Revenue Service posted an alert on its Web site Thursday to tell taxpayers and the tax community that it is experiencing high traffic on Where's My Refund? as more tax returns arrive.
February 14 -
Accounting and advisory firm Marcum LLP has introduced an interactive online map that tracks the status of same-sex marriage in each of the 50 U.S. states and how such unions are treated for tax purposes.
February 14 -
The Internal Revenue Service said Thursday that some taxpayers who are trying to e-file from Puerto Rico are unable to do so.
February 14 -
U.S. Tax Court Judge Elizabeth Paris handed the taxpayers a victory last Thursday involving a powerful estate tax planning tool: private annuities.
February 14 -
Intuit has introduced TurboTax CPA Select, an online system geared towards small businesses and consumers looking for someone to do their taxes for them.
February 13 -
The Organization for Economic Cooperation and Development is pointing to wide disparities in the low tax rates paid by many multinational corporations compared to the taxes paid by individuals and small businesses.
February 13