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 telling taxpayers to check the qualifications of tax preparers and their history in the aftermath of a stinging defeat in the court.
February 5 -
What has almost 4 million words and is one of the most complex and least transparent documents of the century? Our Tax Code.
February 4 -
Sunday marked the 100th birthday of the U.S. federal income tax with the passage of the 16th Amendment to the Constitution on Feb. 3, 1913.
February 4 -
The Internal Revenue Service is reminding tax preparers to include complete Earned Income Tax Credit checklists with any tax returns they file claiming the tax credit.
February 4 -
In addition to all the usual difficulties of tax season, some preparers are saying that glitches have appeared in their tax prep software as the filing season kicks off.
February 3 -
A federal judge has denied the Internal Revenue Services request to suspend his January 18 ruling that struck down the IRSs tax-preparer scheme as unlawful, but made some important clarifications in a ruling he issued last month.
February 2 -
The Internal Revenue Service plans to begin accepting corporate, partnership and tax-exempt returns starting at 9:00 am Eastern Time on Monday, but with some important exceptions.
February 1