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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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 -
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