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 has decided to renew the contracts of two companies involved in its controversial private debt collection program.
March 5 -
The Internal Revenue Service said that electronic filing is already off to a strong start, with more than 38 million tax returns filed electronically so far.
March 4 -
After the Cook County Board voted over the weekend to double the county's sales tax rate to 1.75 percent, Chicagoans found themselves about to pay the highest sales tax rate of any major city in the nation: 10.25 percent.
March 4 -
The Internal Revenue Service said it is encouraging business taxpayers, associations and other interested parties to submit controversial tax issues to its Industry Issue Resolution Program.
March 4 -
Accounting firms Gray, Gray & Gray and Patterson & Gerry have merged, expanding Gray's presence in the Massachusetts market.
March 4 -
The Supreme Court has unanimously overturned a decision by the Ninth Circuit court in a criminal tax evasion case.
March 4 -
The Internal Revenue Service is sending out letters this week to more than 130 million American households reminding them to file a 2007 tax return in order to receive a tax rebate or economic stimulus payment.
March 3