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 plans to send letters to approximately 100,000 tax return preparers who it said Tuesday failed to follow its new registration requirements.
July 12 -
Congressman John Tierney, D-Mass., has introduced a bill that would eliminate about 27 different tax expenditures, including tax breaks for energy companies.
July 12 -
President Obama challenged Republicans on Monday to offer him their tax reform proposals for resolving the debt ceiling dilemma as he pushed for a deal that the two parties could agree to before the August 2 deadline on raising the debt limit.
July 11 -
Thomson Reuters has released GAAP Reporter on its Checkpoint online tax and accounting research service.
July 11 -
A bipartisan pair of lawmakers have introduced a bill that aims to ensure better tax compliance on the part of professional employer organizations and protect small businesses.
July 8 -
The Internal Revenue Service has been updating its assessment of the extent to which underreported employment taxes are contributing to the tax gap, but it may not be using the right methodology to revise its numbers.
July 8 -
A bipartisan pair of senators have announced a compromise on ending the Volumetric Ethanol Excise Tax Credit at the end of this month.
July 7