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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Its been five years since former Senator Connie Mack, then chairman of the Presidents Advisory Panel on Federal Tax Reform, said the panel would take a fresh look at the existing Tax Code and will formulate options for making the tax system simple, fair and productive.
September 2 -
The Treasury Department said it would launch a new pilot program next tax season for people without bank accounts, directly depositing their tax refunds in special accounts that they will be able to access with debit cards.
September 2 -
New York and Philadelphia have been provoking the ire of their residents lately by levying taxes on two formerly sacrosanct local products.
August 31 -
Taxpayers will be able to receive their income tax refunds on a reloadable prepaid Western Union MoneyWise MasterCard next tax season as a result of a new agreement that CCH Small Firm Services has struck with Western Union.
August 30 -
President Barack Obama blasted Senate Republicans for obstructing his administrations top legislative priority: a bill providing tax cuts and a $32 billion lending fund for small businesses to spur job growth.
August 30 -
The real estate developer who is trying to set up a controversial Islamic cultural center two blocks away from Ground Zero reportedly owes New York City over $224,270 in back property taxes for the location.
August 30 -
H&R Block has teamed up with Blue Cross and Blue Shield of Kansas City to offer an online calculator that can help small businesses understand the financial impact of health care reform and determine their health insurance savings by using tax credits under the bill.
August 25
