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.
-
A new initiative aims to create more diversity among corporate tax professionals.
May 27 -
The Virginia Society of CPAs has chosen a new chairman, Gregory F. Lawson, and a board of directors.
May 27 -
Cindy McCain, wife of presidential hopeful Sen. John McCain, R-Ariz., has released the opening two pages of her 1040 return for 2006 after coming under pressure for refusing to provide details of the sources of her income.
May 27 -
The National Conference of CPA Practitioners held a quarterly meeting in Washington to meet with various senators and representatives as well as the Internal Revenue Service, and talk about tax policy.
May 27 -
The Internal Revenue Service's Spring 2008 Statistics of Income Bulletin is a bit of misnomer as it mainly covers income stats for 2006 and 2005, but the report does provide some interesting insights into income patterns and sources in recent years.
May 27 -
Under new regulations, taxpayers must consent to the disclosure or use of their tax information by return preparers. Stiff penalties can be imposed on the preparer who makes unauthorized disclosures.
May 27 -
The Senate has approved a bill offering more than $1.2 billion in tax relief to veterans and military families.
May 26