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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house, chile, earthquake, donations
March 10 -
Amazon.com has cut off its affiliates in Colorado in response to a new law that requires Web retailers to send a statement to their customers every year of how much tax they should be paying on their purchases.
March 9 -
House Ways and Means Committee Chairman Sander Levin, D-Mich., and ranking member Dave Camp, R-Mich., have introduced legislation to allow taxpayers to claim charitable deductions in 2009 for Chilean earthquake relief.
March 9 -
The Congressional Budget Office has released an estimate of the budgetary effects of President Obamas proposed budget for fiscal year 2011 and found that some of the tax cuts could add another $3 trillion to the national debt over the next 10 years.
March 8 -
After two years of paying down debt and skipping family vacations, many Americans cautiously intend to start spending their tax refunds once again.
March 4 -
Company.com, an information portal for small and midsized businesses, has provided the following set of tips for small businesses to decrease their chances of being audited by the IRS.
March 3 -
The Internal Revenue Service said it has unclaimed refunds totaling more than $1.3 billion awaiting nearly 1.4 million people who did not file a federal income tax return for 2006, including over $150 million in the state of California alone.
March 2
