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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Alaska Governor Sarah Palin will have to pay taxes on $16,951 in travel allowances that she billed the state for days she worked from home in Wasilla.
February 20 -
The stimulus bill signed into law this week includes significant tax savings of up to $1,000 per year for workers who commute by mass transit.
February 20 -
Tax return examiners at the Internal Revenue Service often select the wrong prior or subsequent year’s tax return when looking for inconsistencies with the current tax return.
February 20 -
Here is some advice from the Internal Revenue Service about reporting gains and losses on tax returns:
February 20 -
Swiss bank UBS has worked out a deal with the Justice Department and the Securities and Exchange Commission to reveal the identities and account numbers of U.S. citizens who have been stashing their money in previously secret bank accounts.
February 19 -
Intuit has updated its payroll service with the latest tax changes, forms and credits to comply with the newly passed economic stimulus bill.
February 19 -
President Barack Obama plans to sign the stimulus bill into law in Denver on Tuesday after Congress passed the massive $787 billion bill.
February 17