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.
-
The Internal Revenue Service said it received nearly 80 million electronically filed tax returns this year, breaking last year's record of 73.3 million.
November 8 -
The House of Representatives unanimously passed legislation that would give tax relief to the families of military personnel, as well as help volunteer firefighters and emergency medical responders.
November 7 -
The Internal Revenue Service said it would begin sharing the results of employment tax examinations with 29 different state labor agencies to cut down on avoidance schemes and fraudulent employment tax filings.
November 7 -
Oklahoma City bomber Timothy McVeigh's former attorney cannot write off the value of the papers he donated from the case to the University of Texas at Austin, according to a U.S. Tax Court decision last week.
November 7 -
During the month of November, a number of accountants will be getting a telephone call or an e-mail from clients all asking the same question. “What is the little-known tax break that makes investing In GPS-tracking technology more affordable than ever?” Be careful what you say if asked because that inquiring client already has the answer.
November 6 -
The U.S. Supreme Court heard oral arguments in a case that could end state income tax breaks for municipal bonds.
November 6 -
H&R Block CFO William L. Trubeck has stepped down, the company announced.
November 6