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 issued guidance on whether a taxpayer can claim a dependency exemption deduction for an unrelated child.
December 19 -
'Tis the season for holiday cheer and especially gifts, so herewith are some presents that accountants might like to find coming down the chimney this year in the company of a chubby bearded man.
December 19 -
The cost of preparing the average tax return rose just 2 percent in the past two years, according to a newly released survey.
December 18 -
The Internal Revenue Service improved most of its filing season services during 2007, but there are still opportunities for better performance this coming season, according to a new report.
December 18 -
IRS is driven in its desire to close the tax gap and views tax practitioners as being an obstacle in the middle, according to Charles Rettig with the law firm of Hochman, Salkin, Toscher & Perez, P.C.,in Beverly Hills, Calif.
December 18 -
Environmental whistleblower Marrita Murphy has asked the U.S. Supreme Court to hear her civil rights tax appeal after another appeals court reversed its own original ruling.
December 17 -
A computer program the Internal Revenue Service has been developing to expedite tax-exempt status requests is behind schedule, over budget and not performing all that well either, according to a report from the Treasury Department's in-house watchdog.
December 17