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 said Monday that its electronic filing system is now open for business tax returns.
January 9 -
Ernst & Young and its affiliates have begun reimbursing lesbian, gay, bisexual and transgender employees for any additional federal and state taxes they incur for their same-sex domestic partners’ medical benefits in the U.S., starting Jan. 1, 2012.
January 9 -
Retail giant Walmart will be providing free federal 1040EZ tax return filing through its partners H&R Block and Jackson Hewitt at more than 3,000 of its stores this tax season.
January 9 -
The Internal Revenue Service plans to finally release its re-engineered Transcript Delivery System on Monday, just in time for tax season.
January 6 -
The Internal Revenue Service has extended innocent spouse relief to a greater number of taxpayers under newly proposed guidelines.
January 6 -
With individual filing season underway, it’s questionable how many taxpayers are aware of their use tax obligations, and actually track their Internet purchases during the year in order to accurately report and pay them.
January 5 -
While 2011 ended without many last-minute tax law changes aside from the payroll tax cut extension, taxpayers should still be aware of a number of changes.
January 4
