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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President-elect Barack Obama is expected to begin working on passing an economic stimulus package, possibly even before he takes office.
November 6 -
Tax-related ballot initiatives went down to defeat in several states, including one in Massachusetts that would have repealed the state income tax.
November 6 -
Alma J. Batson and her son Kelcee L. Batson, operators of a tax prep business in Riverside, Calif., have pleaded guilty to federal tax charges.
November 6 -
Major League Baseball players and their agents are already looking for ways to skirt a steep income tax hike after President-elect Barack Obama takes office.
November 6 -
The results of Tuesday's election are increasing the balance of power on the Democratic side of the aisle in both the House and Senate.
November 6 -
Seventy-nine percent of CFOs and senior controllers said they do not plan to make tax decisions based on the outcome of the presidential and congressional elections, according to a survey by Grant Thornton.
November 5 -
An IRS tax compliance officer has been charged with accepting a bribe in exchange for preparing a false audit report for a taxpayer, and stealing another taxpayer's federal income tax refund and economic stimulus check.
November 5