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 issued a notice late last week that allows U.S. corporations to get more tax-free loans from their foreign subsidiaries.
October 8 -
Representatives of the McCain and Obama camps sparred politely at a Presidential Tax Forum sponsored by the New York State Society of CPAs.
October 7 -
The financial rescue plan approved by Congress last week included many extensions of expiring tax credits and deductions that helped it win passage in the House, but it also left out some tax issues that will surely be bones of contention for the next Congress.
October 7 -
The Internal Revenue Service issued a notice aimed at calming fears that it would act against insurance-dedicated money market funds that take advantage of a new temporary guarantee program.
October 7 -
Republican vice presidential candidate Gov. Sarah Palin has released her 2006 and 2007 tax returns.
October 6 -
The Internal Revenue Service said that certain lean-burn technology vehicles now qualify for the alternative motor vehicle tax credit.
October 6 -
With the hoopla of both the Democratic and Republican National Conventions still reverberating throughout the country and the election less than a month away, Accounting Today examines the tax plans offered by both Democratic nominee Barack Obama and GOP candidate John McCain as each vies to become the 44th occupant of the White House.The McCain plan Republican presidential candidate John McCain's plan to shake up Washington starts with some serious rattling of the current federal Tax Code, including a proposal aimed at making millions of Americans less dependent on accountants and other professional tax return preparers.
October 5