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 new report from Ernst & Young finds that allowing tax cuts to expire for upper-income taxpayers would cost the economy approximately 710,000 jobs.
July 17 -
Democratic lawmakers are trying to take a hard line with Republicans, threatening to let tax cuts expire at the end of the year rather than simply extend the Bush tax cuts for upper-income taxpayers.
July 17 -
President Barack Obama took aim at Republican rival Mitt Romneys tax plan at a campaign event in Cincinnati, citing a new study on the effects of tax cuts on foreign corporate earnings.
July 17 -
Mitt Romney has come under increasing pressure from fellow Republicans in recent days to release more of his tax returns to the public.
July 16 -
Democratic lawmakers on the House Ways and Means Committee have introduced legislation to extend the Research and Development Tax Credit through the end of the year.
July 13 -
Thomson Reuters has released courses to help tax practitioners get ready for the Internal Revenue Services Registered Tax Return Preparer examination, meet annual continuing professional education requirements, and monitor their progress.
July 13 -
Thomson Reuters has created a set of resources under its Checkpoint Learning brand to help Registered Tax Return Preparers deal with the IRS's new education and testing requirements.
July 13