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 wants taxpayers to know that they can receive their tax refunds this year in the form of a U.S. savings bond made out in someone else’s name.
March 15 -
What you don’t know about taxes can cost you plenty—both in terms of paying too much, and making an error that triggers an audit.
March 14 -
With the tax benefits of the 2009 stimulus ebbing, the tax burden is pushing slowly higher and is now at its highest level in two years, according to Deloitte. As the economy improves, more households are pushed into higher tax brackets, raising the government's take, the firm found.
March 14 -
The Tax & Accounting business of Thomson Reuters has released the print version of its new “WG&L VAT Handbook” to help practitioners cope with value-added taxes internationally.
March 14 -
Democratic and Republican lawmakers in the House and the Senate have re-introduced a bill that would impose a five-year moratorium on any new taxes or fees on wireless service.
March 11 -
An Ohio woman is one of nearly 10,000 who have received letters from the Ohio Department of Taxation claiming they would receive eye-popping tax refunds in the mail.
March 11 -
A study of filing data for the small business health insurance tax credit finds that the tax credit amounts are often miscalculated.
March 11