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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Fewer workers this year plan to use their tax refunds to pay off their bills, and more plan to put the money into savings, according to a new survey.
April 12 -
A pair of U.S. lawmakers has introduced a bill that would allow the courts to intercept tax refunds from delinquent debtors who owe restitution to victims or have outstanding court fees.
April 12 -
Web-based sales and use tax compliance product developer Avalara announced an integration of its sales tax calculation and reporting product AvaTax Calc for Retail with Microsoft Dynamics AX.
April 11 -
The Internal Revenue Service has warned that tax refunds may be delayed for paper-based tax returns in the event of a government shutdown.
April 8 -
New York City officials have conducted a citywide crackdown on fraudulent tax preparers, handing out violations to one in three tax preparers visited by inspectors.
April 7 -
The Internal Revenue Service issued its annual list Thursday of the “Dirty Dozen” tax scams it has seen this tax season.
April 7 -
Internal Revenue Service Commissioner Doug Shulman described his vision for a next-generation tax compliance system that would allow the IRS to pre-populate a taxpayer’s return with W-2, 1099 and other information reporting forms before a taxpayer files a return.
April 6