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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More than two-thirds of the 100-plus CPAs present at a New York State Society of CPAs breakfast indicated they had clients affected by the Bernard Madoff scheme. For investors who need funds soon, the IRS may be the best bet.
February 26 -
The Internal Revenue Service has issued information to help employers claim credit for the COBRA medical premiums they pay for former employees under provisions of the recently passed stimulus bill.
February 26 -
Swiss bank UBS has been sued by a group of wealthy U.S. account holders who want to keep their identities and accounts from being revealed to the Internal Revenue Service.
February 26 -
Children with investment income may have part or all of this income taxed at their parent’s tax rate rather than at the child’s rate, according to the IRS.
February 26 -
A former tax return preparer who worked from an office at a local gym has been sentenced to 24 months in prison for preparing false tax returns for customers.
February 24 -
During his Fiscal Responsibility Summit on Monday, President Barack Obama discussed the possibility of lowering the statutory corporate tax rate while also closing tax loopholes that allow companies to reduce taxes.
February 24 -
This past year has produced an unprecedented amount of new tax legislation and regulations affecting preparers and taxpayers.
February 24