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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The Internal Revenue Service plans to discontinue live programming of its Tax Talk Today webcasts on May 12, leaving accountants worried about their continuing professional education credits.
March 17 -
A chartered accountant from the U.K. who served as a former board member and vice chairman at global audit firm BDO Seidman has pleaded guilty to conspiracy with tax shelter promoters while claiming roughly $1 billion in fraudulent losses.
March 17 -
The Internal Revenue Service says that small businesses with deductions exceeding their income in 2008 can use a new net operating loss tax provision to get a refund of taxes paid in prior years. The IRS says it will work to issue refunds within 45 days or less “to the degree possible.”
March 17 -
A federal grand jury has indicted a California tax preparer for claiming he was an enrolled agent with the Internal Revenue Service.
March 15 -
CPA firm Hill, Barth & King has acquired Stikelether & Associates of Fort Pierce, Fla., expanding the firm’s presence on the state’s “Treasure Coast.”
March 15 -
President Barack Obama and Treasury Secretary Timothy Geithner unveiled a new effort aimed at unlocking the tight credit market for small businesses.
March 15 -
Switzerland’s longstanding banking secrecy laws are about to become as holey as Swiss cheese after authorities caved in to pressure from international tax authorities.
March 15