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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In an economy still struggling on many fronts, installment sales offer a useful tool for many taxpayers to create liquidity to buy and sell property in an otherwise "credit-sparse" environment. With correct planning, the installment method can also defer taxable gain on these sales and, therefore, provide an additional reason to commit to an installment sales strategy.
April 19 -
I am a trained accountant with a Bachelor of Science and a Master of Business Administration degree with a major in accounting. I do not practice public accounting and enjoy reading Accounting Today and get some educational benefit from reading many of the articles.
April 19 -
A flood of enacted and proposed legislation and regulations is making the international tax arena one of particular interest to CPAs and their clients.
April 19 -
The First-Time Homebuyer Credit turned the 2010 tax filing season into a briar patch for the Internal Revenue Service, a frustrating experience for many taxpayers, and a new opportunity for scammers to rip-off the public, an IRS official told Congress.
April 16 -
President Barack Obama and First Lady Michelle Obama released their joint income tax return on Tax Day, April 15, reporting adjusted gross income of $5.5 million, not including his Nobel Peace Prize winnings.
April 15 -
BNA Tax & Accounting has introduced its first iPhone application, BNA Quick Tax Reference, an electronic version of the companys Quick Tax Reference Guide.
April 15 -
Recent tax law changes continue to bedevil the Internal Revenue Service, according to a new government report on tax season.
April 15