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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Railing at Accounting Today for engaging in "politics" in an editorial critical of some tax and economic policies of the Obama administration (June 7-20, 2010, page 9), Harry Bose engages in some politics of his own in attempting to make his case. His response is more amusing than informative.
July 19 -
With California unemployment hovering at 13 percent and the national unemployment rate still above 9.5 percent, long-term unemployment is clearly one of the biggest challenges for the U.S. economy.
July 19 -
The Senate Finance Committee held hearings last week to consider the effects of the soon-to-expire Bush tax cuts, and those problems could be magnified for tax practitioners and their clients.
July 18 -
The Tax & Accounting business of Thomson Reuters plans to introduce iPhone and iPad apps that will provide a front-end to the companys Checkpoint Learning software.
July 15 -
Senators Blanche Lincoln, D-Ark., and Jon Kyl, R-Ariz., have introduced a proposal to reform the federal estate tax, which temporarily expired this year but is slated to increase to up to 55 percent next year for estates over $1 million.
July 14 -
The Senate Finance Committee held a hearing Wednesday to discuss the soon-to-expire 2001 and 2003 tax cuts and how to extend any of them without increasing the budget deficit or hurting economic growth.
July 14 -
SurePrep has added 1120, 1120S and 1065 preparation as a part of its outsourcing service, allowing firms to leverage the companys technology and staff to prepare more types of tax returns.
July 8
