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 reported Monday that the number of completed Advance Pricing Agreements, in which the IRS and multinational corporate taxpayers work out voluntary agreements on transfer pricing, fell last year as the agency coped with reorganization and personnel shifts.
April 2 -
From now through April 13, Intuits Accounting Professional Division will host a series on its Lacerte and ProSeries Live Community Web pages in which Intuit experts address customers product and general tax questions.
April 2 -
Columnists Jones and Luscombe examine the tax treatment of frequent flier and rewards plans
April 1 -
The three winners of the record-breaking $656 million Mega Millions lottery jackpot will owe at least 25 percent of their winnings to the Internal Revenue Service.
March 31 -
President Obama said in his weekly address Saturday that Congress will be voting in the weeks ahead on the Buffett Rule, which would raise taxes on the wealthy.
March 31 -
The U.S. is set to have the highest combined federal and state statutory corporate tax rate in the industrialized world on Sunday, April 1, once Japan drops its top rate to 38.1 percent.
March 30 -
The Internal Revenue Service said it is giving an extension to enrolled agents whose renewal applications for their enrollments have been delayed due to a processing delay.
March 30