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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August 27 -
The Securities and Exchange Commission has approved a new rule and amendment to an existing rule from the Public Company Accounting Oversight Board related to ethics, independence and the provision of tax services.
August 27 -
A former Internal Revenue Service agent was sentenced to 30 months in prison for helping a heroin dealer to buy a $65,000 BMW 745i while concealing his ownership of the vehicle.
August 26 -
A self-proclaimed priest has been convicted of tax fraud after his accountant and girlfriend pleaded guilty.
August 26 -
A federal judge has turned down Jackson Hewitt's request to have a class-action lawsuit dismissed against the company and some of its franchises.
August 26 -
American Idol winner Ruben Studdard is facing tax liens from the Internal Revenue Service and the state of Alabama for failing to pay more than $193,000 in back taxes.
August 25 -
Average U.S. taxpayers subsidize executive compensation by more than $20 billion per year, thanks to various tax and accounting loopholes, according to a new report.
August 25