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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A federal court has ordered a Louisiana CPA to stop claiming improper tax deductions for the business expenses of his mariner clients.
January 20 -
The Internal Revenue Service has issued interim guidance on the ability of a tax return preparer to use statistical compilations of anonymous tax return information to support their business.
January 20 -
The Internal Revenue Service implemented a new electronic filing system knowing it contained security vulnerabilities that could put taxpayer information at risk.
January 16 -
A man who operated several tax preparation businesses has been sentenced to 11 years in federal prison after he was convicted of defrauding clients and the Internal Revenue Service.
January 16 -
S corporations are the nation's most common corporate tax designations.
January 16 -
The Internal Revenue Service plans to open its electronic filing season on Friday, Jan. 16, and debut a new service that allows taxpayers to simply fill out forms on-screen and file their taxes for free.
January 15 -
Raoul Weil, the former head of Swiss bank UBS's cross-border private banking operations, was declared a fugitive by a Fort Lauderdale judge as U.S. prosecutors upped the ante in their battle against Swiss bank accounts used to shelter assets from taxation.
January 15