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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Getting tax prep clients to use your tax practices portals can be a serious challenge, but communicating the familiar benefits of portals is an excellent first step, according to accounting and tax technology expert Roman Kepczyk.
January 27 -
Evidence suggests that some medical device manufacturers are shifting the burden of the medical device excise tax directly to American hospitals and other health care providers, an industry association charges.
January 25 -
The Internal Revenue Service re-launched its annual outreach campaign Friday, in conjunction with community organizations, to promote awareness of the Earned Income Tax Credit.
January 25 -
Tax preparers charge an average of $246 to prepare an itemized Form 1040 with a Schedule A and a state tax return, according to a survey by the National Society of Accountants.
January 24 -
The Republican chairman of the tax-writing House Ways and Means Committee, Dave Camp, R-Mich., released a draft document Thursday proposing a series of tax reforms for various types of financial derivatives and other financial products, building on work done by his committee over the past two years.
January 24 -
The Internal Revenue Service said it will appeal a courts ruling that it lacks the power to license tax preparers, a decision that might affect as many as 700,000 people who work on clients returns.
January 24 -
Four states have signed up for a new system aimed at combating the growing problem of identity theft-related tax fraud.
January 24