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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Three of the remaining four defendants in the KPMG tax shelter case were convicted of tax evasion charges.
December 19 -
Tax executives in both the United States and other countries said they are spending more time than ever on risk management, according to a new survey.
December 19 -
The New York State Senate and Assembly have unanimously passed a groundbreaking bill that would amend the laws governing CPAs and provide greater public protections for their clients.
December 18 -
The Internal Revenue Service plans to make it easier for financially troubled homeowners to avoid federal tax liens that block them from selling their homes or refinancing their mortgages.
December 17 -
The Internal Revenue Service has issued new guidance on implementing the recently amended tax return preparer penalty, which punishes tax preparers for taking "unreasonable positions" on tax liabilities.
December 17 -
Local Maryland accounting firms DeLeon & Stang and Berger & Hillman plan to merge at the end of the year.
December 17 -
Leaders of the House Ways and Means Committee wrote to President-elect Barack Obama asking him to end the Internal Revenue Service's private debt collection service.
December 17