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 hopes that new interim guidance for tax preparers will ease concerns over the expanded preparer penalties and heightened standards of conduct that must be met to avoid the penalties.
February 11 -
The Mortgage Forgiveness Debt Relief Act of 2007 has introduced a new paradigm of tax strategies for those who are falling behind on their home mortgage payments (or anticipate falling behind as the result of a pending adjustable rate mortgage reset).
February 11 -
Spending of tax rebate money on shopping may be slower than politicians hope, according to a new survey.
February 8 -
President Bush said he would sign into law the economic stimulus package passed by Congress.
February 8 -
The Internal Revenue Service has improved its online refund-tracking tool and tax information publication.
February 7 -
A survey of leading corporate tax executives predicts that taxes will not be a major issue in Congress in 2008, apart from the one-year alternative minimum tax patch and the one-year extenders package.
February 7 -
Kellogg & Andelson Accountancy Corp. has acquired the Los Angeles office of a subsidiary of UHY Advisors.
February 7