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 does not have authority over the qualified intermediaries who assist taxpayers with completing like-kind exchanges, exposing taxpayers to financial risks, according to a new report.
September 15 -
Women gave nearly $5 billion more to their heirs than men did in 2005, according to an analysis of Internal Revenue Service data by Grant Thornton.
September 15 -
The U.S. tax system is viewed as less fair and simple by tax professionals than the tax system in Hong Kong, Singapore and Canada, according to a new survey.
September 15 -
Democratic vice presidential nominee Sen. Joseph Biden, D-Del., revealed a decade's worth of his tax returns Friday, putting pressure on his Republican rival, Alaska governor Sarah Palin, to release her own returns.
September 14 -
Unenrolled tax preparers made mistakes on the majority of returns they prepared for undercover Treasury Department auditors, according to a new report.
September 14 -
The Internal Revenue Service has reached a settlement with the law firm Arnold & Porter, which has paid an undisclosed penalty for promoting tax shelters.
September 14 -
The Senate's Subcommittee on Investigations held a hearing on how foreign investors dodge taxes on U.S. stock dividends with the help of U.S. banks and investment houses.
September 11