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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Two senators want to stop multinational companies from lobbying to include a tax break for offshore earnings in the economic stimulus package.
February 3 -
Even with the current downturn in the real estate market, like-kind exchanges continue to be a popular way to dispose of property while deferring the taxable gain.
February 3 -
Drake Software said that it has sold more tax software than ever before in its 32-year history.
February 2 -
There has been talk, and some hope, that the current financial crisis might be the perfect storm for tax reform, allowing the Obama administration to push through significant policy changes.
February 2 -
The Maryland Association of CPAs has created an interactive job board, the MACPA Career Center, to give its members and the CPA profession at large a targeted way to make employment connections.
February 2 -
President Obama’s pick to lead the Department of Health and Human Services, former Senate Majority Leader Tom Daschle, apologized for owing $140,000 in back taxes and interest.
February 2 -
The Internal Revenue Service’s program for allowing “Son of Boss” tax shelter investors to settle their tax disputes often did not lead to greater taxpayer compliance, according to a new report.
February 2