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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Automobile donations have sharply declined since 2004, when Congress tightened the tax rules for claiming charitable deductions, according to an analysis of IRS data by Grant Thornton.
July 15 -
The presidential race has produced an interesting series of charges and counter-charges about the candidates' tax policies, and lately they've involved taxes on small business owners.
July 15 -
A Chicago businessman has pleaded guilty to tax fraud conspiracy charges stemming from an agreement with a Chicago-based banker and tax shelter promoter to fraudulently obtain referral fees relating to tax shelter transactions.
July 14 -
Sen. Barack Obama, D-Ill., has proposed a tax credit for small businesses that offer health insurance to their employees.
July 14 -
Ford Motor Co. is suing the Internal Revenue Service, claiming the agency owes the automaker $445.3 million in interest on tax overpayments.
July 14 -
The Internal Revenue Service issued an alert about a new wave of e-mail scams that use the IRS name to commit identity theft.
July 13 -
The Internal Revenue Service has begun issuing summonses as it investigates Colorado's program for conservation easement tax credits.
July 13