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 traveling secretary of the New York Yankees confessed in court that he did not report $53,350 in tip income he had received over five years from players and coaches.
December 26 -
Web-based sales tax management software service provider Avalara said it has agreed to acquire New Horizons Systems, a provider of business geographic and tax jurisdiction assignment software.
December 26 -
Just in time for the New Year, the Internal Revenue Service has expanded its online rebuttal of frivolous tax arguments to provide some amusing holiday reading.
December 26 -
President Bush signed into law a one-year patch for the alternative minimum tax, in addition to a $555-billion omnibus spending bill to fund government operations through 2008.
December 26 -
An IRS manager and his wife were arrested as part of the widening D.C. property tax scam that has led to the arrests of 10 people so far.
December 24 -
The Internal Revenue Service has issued a new tax form for employees who have been misclassified as independent contractors.
December 24 -
Mike Huckabee, the former governor of Arkansas, and 2008 presidential hopeful, is hoping to gain the support of tax-reform advocates by promoting the Fair Tax, which abolishes the Internal Revenue Service as well as all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes, and replaces them with a single federal retail sales tax.
December 21