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 has been asked to investigate James Manning, the pastor of Atlah World Missionary Church in Harlem, and the church's tax-exempt status after Manning repeatedly attacked Sen. Barack Obama, D-Ill., from the pulpit.
September 4 -
Charles Grassley, R-Iowa, ranking member of the Senate Finance Committee, said he planned to co-sponsor a bill that will update the deductible cost of operating a vehicle for charitable purposes.
September 4 -
The Internal Revenue Service is providing tax relief to flood-ravaged victims of Hurricane Gustav in the affected areas of Louisiana by postponing some tax-filing deadlines.
September 3 -
With gasoline taxes much in the news lately, CCH has introduced an online Oil and Gas Taxation Library on its CCH Tax Research NetWork.
September 3 -
Teachers and other school employees returning from summer vacations are dealing with the prospect of an IRS rule change on deferred compensation that could see their taxes increase by 20 percent if they aren't careful.
September 2 -
The Republican Party approved its 2008 platform containing several planks related to tax cuts and tax policy.
September 2 -
In response to a letter from several members of Congress, the Internal Revenue Service will stop trying to enforce collection of alternative minimum taxes due on incentive stock options for the rest of the month.
September 2