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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President Barack Obama called for tax reform as a way to temper drastic automatic budget cuts during his State of the Union address.
February 13 -
The Internal Revenue Service Oversight Board issued a warning to Congress that the IRS is operating in a high-risk environment, with budget constraints leading to lower staffing levels and reduce customer service for taxpayers.
February 12 -
The Internal Revenue Service is reminding electronic filers to review their IRS e-file application to make sure the information is still current.
February 12 -
The Internal Revenue Service is cautioning tax preparers about delays in processing tax returns claiming the Child Tax Credit because of incorrectly filled out forms.
February 12 -
A pair of influential Senate Democrats have introduced legislation aimed at stopping multinational corporations from taking advantage of tax havens abroad.
February 12 -
The Internal Revenue Service announced that it would begin accepting tax forms covering depreciation on Sunday, February 10, and forms covering education credits on Thursday, February 14.
February 8 -
A Tennessee man has quit his job after receiving a W-2 tax form from his employer stamped with the number 666.
February 7