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 Internal Revenue Service plans to hold a conference call on July 8 with the six largest audit firms to convince them to do more to help track the use of secret foreign bank accounts for tax evasion.
July 2 -
The Internal Revenue Service has moved the extended due date for partnership, estate and trust tax returns from Oct. 15 to Sept. 15 to avoid overlapping with the extended deadline for individual taxes.
June 30 -
H&R Block reported that its fiscal 2008 revenues rose 10 percent to $4.4 billion, thanks to growth in its tax services business and the sale of its troubled Option One mortgage unit.
June 30 -
Actor Wesley Snipes has asked a Florida judge to allow him permission to temporarily leave the U.S. to complete work on two of his movies while his tax conviction is being appealed.
June 30 -
Accounting Today is issuing a call for nominations for its annual Top 100 Most Influential People in Accounting list.
June 29 -
A committee of tax experts delivered an annual report to Congress recommending improvements in the IRS's Web and electronic filing services, including one suggestion that would punish tax preparers who don't file individual returns electronically.
June 29 -
A former Internal Revenue Service agent has pleaded guilty to soliciting a $5,000 bribe from a small business he was auditing.
June 29