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 faced challenges last tax season providing telephone service to taxpayers and responding to their correspondence, continuing the negative trends in recent years despite some efficiency gains and efforts to improve service, according to a new report by the Government Accountability Office.
January 17 -
For businesses relocating or expanding into new markets, taxation is now one of the top 10 site selection factors that determine where companies decide to set up shop, especially in high-cost states like California, Massachusetts, New York and Illinois.
January 16 -
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