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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Fifty-seven percent of the senior business executives surveyed by KPMGs Tax Governance Institute expect some type of value-added tax to be introduced in the U.S. within five years, and 18 percent anticipate a VAT within 10 years.
December 4 -
A group of Democratic lawmakers has introduced legislation that would impose a tax on Wall Street securities transactions.
December 3 -
The White House convened a jobs summit in which President Obama heard from business and union leaders about various proposals for reducing unemployment, including tax incentives for job creation.
December 3 -
The House voted to set the inheritance tax at 45 percent permanently for estates larger than $3.5 million.
December 3 -
Leaders of the Senate Committee on Small Business and Entrepreneurship have introduced legislation that would make permanent the $250,000 Section 179 expensing limits for small businesses created under the Recovery Act.
December 3 -
Businesses will have to act soon on a bevy of tax breaks before they expire at the end of the year.
December 1 -
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December 1
