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 detailed how, starting Jan. 1, 2011, paid tax return preparers can comply with a new law that requires them to electronically file tax returns for individuals, trusts and estates.
December 2 -
House Ways and Means Committee Chairman Sander Levin, D-Mich., introduced legislation Wednesday that would extend the Bush-era tax cuts only for those making less than $250,000 a year, and provide a two-year AMT patch.
December 1 -
One promising sign of President Obama’s meeting with congressional leaders Tuesday was that he didn’t emerge with his lip bleeding from a fresh elbow jab in the face.
November 30 -
The Senate voted Monday evening on a competing pair of amendments to repeal the expanded 1099 information reporting requirements that were included in the health care reform bill, but failed for the second time this fall to roll back the controversial requirements.
November 29 -
Intuit has launched an online sweepstakes contest that will award free Lacerte Tax or ProSeries Tax software to two winners for a year.
November 29 -
California’s Franchise Tax Board said it would no longer directly mail tax booklets to taxpayers in the Golden State, as more taxpayers and preparers migrate to electronic filing.
November 23 -
A group of 45 millionaires has signed a letter to President Obama urging him to allow the Bush tax cuts to expire for those earning over $1 million a year.
November 23
