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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New Jersey taxpayers are stuck with the heaviest burden in state and local taxes, while Alaska taxpayers pay the least, according to a new study.
August 7 -
The Internal Revenue Service has given companies 30 days to agree to a settlement to close their tax shelters.
August 7 -
KPMG has released a publication on transfer pricing controversies, highlighting how tax authorities worldwide are relying on specific "red flags" to tighten their enforcement and audit efforts.
August 7 -
A Florida judge has ruled in favor of prosecutors' requests to require actor Wesley Snipes to pay for the cost of his recent tax prosecution.
August 6 -
The National Small Business Association has debuted a Web site intended to educate small-business owners about what it calls "the myriad harmful proposals being promoted by the IRS and Congress to raise revenue."
August 6 -
The Internal Revenue Service and the Treasury Department have issued a ruling to discourage companies from transferring pension plans to unrelated firms.
August 6 -
An upcoming book about Sammy Davis Jr. describes the late singer's battles to pay off millions of dollars in debt to the Internal Revenue Service.
August 5