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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S corporations are the nation's most common corporate tax designations.
January 21 -
Current tax law allows corporations to obtain a Quick Refund from the IRS when they overpay estimated tax during the year.
January 20 -
Eighty-three of the 100 largest publicly traded U.S. corporations in terms of 2007 revenue reported having subsidiaries in jurisdictions listed as tax havens or financial privacy jurisdictions, according to a new report from the Government Accountability Office.
January 20 -
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