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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H&R Block said it is re-aligning its tax and corporate structures and putting CEO Russ Smyth in charge of tax operations.
May 15 -
The IRS is providing a new withholding adjustment option for pension plans as a way to get around some of the glitches that have developed with the new Making Work Pay tax credit.
May 14 -
The Senate Finance Committee held hearings to determine how to pay for health insurance reform, including through new taxes and tax credits.
May 13 -
New York City CPA Jonathan Medows specializes in helping small business owners and freelancers cope with the economic crisis.
May 12 -
A recent decision by the Massachusetts Appellate Tax Board related to inter-company pricing may put state tax auditors on notice not to overreach when assessing the value of services and products provided between companies and their out-of-state affiliates.
May 8 -
Washington, D.C. - Congressional leaders wrestling with President Obama's plan to make the Bush administration's tax cuts permanent for middle-class families earning under $250,000 a year are hearing a sharply divided response from top economic experts.
May 4 -
A record total of 90.6 million tax returns were filed electronically this year, with more than a third coming from home computers.
April 30