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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President Obama urged business leaders to begin creating jobs and taking advantage of the tax breaks offered by his administration during a speech Monday at the U.S. Chamber of Commerce.
February 7 -
The American Institute of CPAs is providing a checklist developed by leading CPA financial planners to help accountants identify financial planning opportunities during tax season.
February 3 -
President Obama urged businesses to make their buildings more energy efficient and called on Congress to provide tax incentives to help.
February 3 -
The Senate Judiciary Committee unanimously voted Thursday to approve bipartisan patent reform legislation, including provisions banning tax strategy patents.
February 3 -
A coalition of 15 national organizations urged the Senate Judiciary Committee to keep a provision in S. 23, The Patent Reform Act of 2011, which would stop tax strategy patents. The bill goes to mark-up on Feb. 3.
February 2 -
The Internal Revenue Service warned small businesses and their tax preparers Wednesday that a group of tax return forms should not be filed until it is ready to start processing them.
February 2 -
With many indications showing that the Internal Revenue Service is behind in the number of tax returns filed so far this year compared to last year, Liberty Tax Service reported positive growth Wednesday in revenue, same-store sales and tax returns filed.
February 2