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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2nd Story Software, the company that makes TaxAct consumer tax prep software, has introduced a do-it-yourself estate planning software product for drawing up a last will and testament.
January 16 -
Bloomberg has introduced a Tax Practice Center to complement its tax law research service.
January 16 -
IMGCAP(1)]In the first part of this article, we explored using video conferencing in a tax practice; in this article, we'll explore how to actually get started using Skype and other services.
January 15 -
Approximately 60 percent of taxpayers who claim large-dollar noncash charitable contributions on their returns may not be complying with federal reporting requirements, according to a new report, with potentially erroneous contributions estimated at $3.8 billion in 2010.
January 15 -
The Internal Revenue Service has reversed course on its prohibition against stockpiling tax returns before transmitting, and said Friday that because of the late tax law changes, the stockpiling rule does not apply.
January 11 -
The Internal Revenue Service has released the annual inflation adjustments for 2013, including the tax rate schedules and other tax changes from the recently enacted fiscal cliff legislation with its new tax rate of 39.6 percent and permanently patched Alternative Minimum Tax.
January 11 -
Most tax preparers have heard by now of Skype or one of the similar video-conferencing services -- and some have tried such services, and report success when connecting with long-distance clients --some of whom the preparers have never even met.
January 10