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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A new analysis by a former high-ranking IRS official explains how the Tax Codes corporate reorganization provisions afford tax-free treatment to certain corporate combinations and realignments.
June 26 -
Typical end-of-year tax planning will be on everyones minds before you know it.
June 24 -
The U.S. and Swiss governments have concluded their negotiations over expanding the sharing of tax information to root out tax dodgers, and now plan to sign a protocol in the next few months.
June 19 -
The Senate Finance Committee held hearings to learn more about the tax implications of climate change legislation, including whether companies should be taxed for carbon emission allowances.
June 18 -
A new appeals court ruling could make it easier for companies to claim research and development tax credits from the IRS by allowing them to rely on oral testimony instead of a project expense-tracking system.
June 12 -
Sen. Johnny Isakson, R-Ga., has introduced a bill that would increase the maximum amount of the first-time homebuyer tax credit from $8,000 to $15,000.
June 11 -
Minority-owned businesses were less successful in obtaining awards from the Treasury Departments New Markets Tax Credits program than non-minority entities in recent years, according to a new government report.
June 1