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 late start to this year's filling season has both good and not-so-good implications,
February 1 -
Some taxpayers seeking a quick refund may have to wait longer than usual this year as the Internal Revenue Service tries to stop criminals who steal others identities and file fraudulent returns.
February 1 -
Without some kind of accepted certification program, the taxpaying public has no way of knowing if a person who says that they are a professional tax preparer has any training or experience. The answer would be some kind of voluntary certification program where a tax preparer could receive a universally accepted professional designation based on testing or credentials.
January 31 -
The Tax & Accounting business of Thomson Reuters has introduced a transfer pricing software product that helps multinational corporations like Ford Motor Company cut their tax bills.
January 31 -
The Internal Revenue Service is promising more video conferencing assistance for taxpayers, social media tools and an improved Web site as it launched tax season Wednesday, along with stepped-up efforts to protect taxpayers from tax refund fraud and identity theft.
January 30 -
A federal court has denied H&R Blocks effort to stop Intuit from continuing to air a pair of TV commercials for TurboTax that comically suggested tax prep franchise employees worked as plumbers and clothing store clerks outside of tax season.
January 30 -
The Internal Revenue Service is scheduled to begin accepting individual income tax returns starting Wednesday.
January 30