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.
-
The Internal Revenue Service is falling short on inspecting the international tax transactions of small businesses for compliance problems, according to a new report.
June 12 -
Reeling from an unfavorable court decision on its tax strategy, banking giant KeyCorp said it would take an after-tax accounting charge of between $1.1 billion and $1.2 billion in the second quarter, cut its dividend in half and raise another $1.5 billion by issuing shares.
June 12 -
The Internal Revenue Service said its e-Services online tools will be out of service the last weekend in June.
June 12 -
The Virginia Society of CPAs Educational Foundation has established a scholarship fund to honor the victims of last year's Virginia Tech shooting.
June 12 -
Senate Finance Committee Chairman Max Baucus, D-Mont., introduced the Energy Independence and Tax Relief Act of 2008 as Democrats and Republicans haggle over how to pay for extending expiring tax provisions.
June 12 -
Presidential hopefuls Sen. Barack Obama, D-Ill., and Sen. John McCain, R-Ariz., clashed over their tax plans, trading accusations of hikes in capital gains and Social Security taxes.
June 11 -
The Small Business Administration has created an online tax savings resource center to help small businesses understand the benefits of the economic stimulus package.
June 11