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 Senate Finance Committee held a hearing Wednesday on the effectiveness of various tax incentives.
March 30 -
Cloud-based expense report and timesheet tracking application developer Nexonia Inc. has released a value-added tax tracking and management system designed to handle VATs across the world and perform different calculations for different types of expenses.
March 30 -
General Electric is a company that has long been known for innovation going back to the days of founder Thomas Alva Edison, but now some of its greatest innovations may be in the way it avoids paying corporate income taxes.
March 30 -
The Internal Revenue Service has provided guidance to tax preparers on the circumstances under which they can be exempted from the electronic filing mandate and mail paper copies of their clients’ tax returns instead.
March 28 -
The Internal Revenue Service increased its audits of high-income taxpayers last year by as much as 75 percent.
March 28 -
A high-ranking Treasury Department official has come out against calls by some multinational corporations for a tax holiday on earnings repatriated from abroad.
March 28 -
The Internal Revenue Service stopped mailing out tax form packages to taxpayers this season in response to budget cuts, but it still needs a long-term strategy for reducing its mailing and publishing costs, according to a new government report.
March 28
