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.
-
H&R Block Chairman and CEO Mark Ernst has stepped down two weeks after the company CFO resigned, as the company faces losses from its subprime mortgage operations.
November 20 -
New York State tax officials are crying foul over New York Yankees captain Derek Jeter's claim of Florida residence and are demanding that he pay back taxes that could amount to millions.
November 19 -
Tax software vendors Intuit and H&R Block were hit with a potential multi-billion-dollar class-action lawsuit alleging that they charge excessive fees for electronic filing.
November 16 -
CCH debuted a Web-based tool designed to find local incentives that can reduce income, property, and sales and use taxes, as well as identify enterprise zones and non-tax financial incentives.
November 16 -
Leaders of the Senate Finance Committee have introduced a bill to prohibit the Patent and Trademark Office from granting any further patents for tax strategies and tax-planning inventions.
November 16 -
The Internal Revenue Service wants to track down 115,478 taxpayers who are owed approximately $110 million after their refund checks were returned as undeliverable.
November 15 -
More than 30,000 Medicaid providers had a total of over $1 billion in unpaid federal taxes last fiscal year, according to a report released by the Government Accountability Office.
November 15