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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SpeedTax said its Web-based sales tax management service would soon be integrated with Intuit's QuickBooks Enterprise, Pro and Premier editions.
September 11 -
Rep. Charles Rangel, D-N.Y., refused to resign his chairmanship of the tax-writing House Ways and Means Committee after revelations that he failed to pay taxes on rental income from a vacation villa in the Dominican Islands.
September 10 -
Influential tax protestor Irwin Schiff had his 151-month prison sentence extended by an additional 11 months after he was sentenced for criminal contempt.
September 9 -
The Treasury Department's decision to take over Fannie Mae and Freddie Mac and put them under conservatorship has prompted questions about the implications for accountants and their clients.
September 9 -
The Internal Revenue Service has recently added a page to its Web site for small businesses and the self-employed.
September 9 -
The Congressional Budget Office sees the deficit growing to $407 billion for the year ending Sept. 30 and ballooning to $438 billion next year, with the takeover of Freddie Mac and Fannie Mae threatening to send it far higher.
September 9 -
Actor Nicolas Cage, whose movie Bangkok Dangerous topped the weekend box office numbers, has settled his tax debts with the Internal Revenue Service for $666,000, plus interest.
September 8