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 voted 82-13 to override President Bush's veto of the Farm Bill, which includes nearly $2 billion in tax relief.
May 26 -
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 26 -
Actor Wesley Snipes will remain free on bond pending appeal of his conviction.
May 26 -
The Treasury Department said it plans to start sending out more tax rebate checks as soon as it finishes mailing checks for regular tax refunds.
May 26 -
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 22 -
Presidential hopeful Sen. Hillary Clinton, D-N.Y., has written to Internal Revenue Service Commissioner Douglas Shulman asking him to fix problems her constituents have reported with receiving the wrong amount on their tax rebates.
May 21 -
Investigators from the Treasury Department's watchdog agency, the Treasury Inspector General for Tax Administration, plan to discuss the impact of phishing schemes on tax professionals at a series of two-day IRS Tax Forums around the country.
May 21