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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Comedian and Senate candidate Al Franken pointed the finger at his accountant for paying his taxes incorrectly and said he would make good on the mistake.
April 30 -
At least 485 cities across the U.S. increased their sales tax rates last year, according to a newly released study.
April 30 -
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The American Institute of CPAs found a range of responses when it surveyed Americans on how they intend to use their tax rebates.
April 29 -
Pop singer Britney Spears' company has been slapped with a tax lien by the state of California for owing nearly $24,000 in back taxes.
April 29 -
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The government won its second victory in the past month in a lease-in, lease-out tax shelter case, after the Court of Appeals for the Fourth Circuit agreed with a federal district court that BB&T Corp. is barred from obtaining a tax refund of approximately $4.5 million.
April 29