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 Senate Finance Committee held a hearing on the use of offshore corporate tax shelters in the Cayman Islands, on the heels of hearings elsewhere in the Senate on individual tax havens in Switzerland and Liechtenstein.
July 24 -
The New York State Society of CPAs submitted comments to the Securities and Exchange Commission on the proposed requirement for filing financial statements in Extensible Business Reporting Language, saying it makes sense for the 500 largest companies to file in XBRL by the end of the year, but that smaller companies should not be held to any deadline just yet.
July 24 -
The American Institute of CPAs has named two recipients of its Outstanding CPA in Government Award and said it has leased more than half its office space in New Jersey.
July 23 -
John Gimigliano, former senior tax counsel of the House Ways and Means Committee and staff director of the Subcommittee on Select Revenue Measures, has joined KPMG.
July 23 -
Executive CPA leaders from 81 of the top 100 accounting firms in the U.S. visited Capitol Hill to discuss some of the key legislative issues confronting the accounting profession.
July 23 -
H&R Block has named a new president and CEO, Russ Smyth, the former president of McDonald's Europe.
July 22 -
Rev. Al Sharpton and his National Action Network have settled tax charges with federal prosecutors and agreed to pay between $2 million and $9 million to the Internal Revenue Service.
July 22