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 House of Representatives has approved a bill that would ban private tax collections, but the bill's prospects remain uncertain in the Senate.
October 14 -
Ernst & Young has been named by a law firm that has filed a submission with the Internal Revenue Service's Whistleblower Office, claiming that one of the accounting firm's Fortune 500 clients improperly reduced its taxes by $1 billion through a series of transactions.
October 14 -
The Internal Revenue Service is not doing a good job of managing its paper case files, according to a newly released report.
October 14 -
A high-ranking Treasury Department official has warned of the costs of tax-exempt bond financing for projects such as sports stadiums.
October 10 -
Republican presidential candidates debated their tax-lowering credentials at an event sponsored by CNBC, MSNBC and The Wall Street Journal on Tuesday evening.
October 10 -
The Internal Revenue Service has given businesses a simpler process for requesting relief for late elections.
October 10 -
The KPMG tax shelter case got underway with jury selection and a drastically reduced set of defendants.
October 9