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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With Democrats and Republicans in Congress battling over competing tax legislation this week, one new bill should be able to attract bipartisan support.
April 18 -
Agents at the IRSs Criminal Investigation division have been cracking down on tax preparer fraud in Southern California in the waning days of tax season.
April 17 -
Senate Republicans blocked a bill promoted by the Obama administration that would impose a minimum tax on millionaires.
April 16 -
The Internal Revenue Service delayed tax refunds early this filing season for 7.8 million tax returns, according to a report by the Treasury Inspector General for Tax Administration, which also described steep cutbacks in customer service at the IRS.
April 16 -
President Barack Obama and congressional Republicans square off this week over tax hikes for millionaires and tax cuts for businesses, with both sides seen as more interested in scoring political points than in fixing the tax code or shrinking the deficit.
April 16 -
Teresa Mackintosh has joined CCH as executive vice president and general manager of tax. She will head CCH's Tax business unit, serving tax professionals in accounting firms.
April 16 -
While every state offers tax incentives to attract, retain and expand businesses and jobs, few states actually provide good evidence that the tax breaks deliver an effective return on investment, according to a new report.
April 16