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 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 -
Theres good news and bad news to be found in the predictions of the tax business executives polled in the Tax Policy Forecast Survey.
March 29 -
The House has passed a Republican-sponsored budget alternative to President Obamas fiscal 2013 budget, mostly based on the plan put forward by House Budget Committee Chairman Paul Ryan, R-Wisc., for creating only two tax brackets of just 10 and 25 percent.
March 29 -
Tax & Accounting business of Thomson Reuters has renewed and expanded its agreement with the Tax Executives Institute, an international association of 7,000 corporate tax professionals.
March 29
