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 touted Earned Income Tax Awareness Day as a way to raise consciousness about the credit for low-income taxpayers as the economic crisis forces more Americans into lower tax brackets.
January 30 -
New York Governor David Paterson has signed a bill expanding the regulation of CPAs throughout the state.
January 30 -
Over 33 million callers could not reach the Internal Revenue Service’s toll-free assistance number last year to ask about economic stimulus payments, and the IRS could get swamped again this year with calls.
January 29 -
A Republican congressman has introduced a bill that would provide all U.S. taxpayers with immunity from IRS penalties and interest, but the main goal seems to be tweaking his Democratic colleagues.
January 29 -
The House has approved an $819 billion economic stimulus package despite unanimous Republican opposition.
January 29 -
Former H&R Block Chairman and CEO Mark Ernst has taken a job with the Internal Revenue Service as deputy commissioner for operations support.
January 28 -
The Senate Finance Committee has approved approximately $522 billion in tax cuts, incentives and investments by a vote of 14-9.
January 28