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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CCH has introduced CorpSystem, a new line of software for corporate professionals who do tax and accounting work.
October 1 -
Sen. Carl Levin, D-Mich., has proposed a bill that would change the tax treatment of corporate stock option deductions.
October 1 -
The Internal Revenue Service has issued a new set of allowable living expense standards that it will use to determine the ability of a taxpayer to pay a delinquent tax liability.
October 1 -
The Justice Department said it has resolved lawsuits against several corporations that owned Jackson Hewitt franchises, with the companies agreeing to be barred from tax preparation after the DOJ found a pattern of fraud.
September 30 -
Rep. John Dingell, D-Mich., has proposed a 50-cent tax on each gallon of gas in an effort to limit carbon emissions.
September 30 -
The U.S. Supreme Court has agreed to consider two tax cases, one arising out of a criminal case and the other a business case.
September 27 -
A federal judge here has permanently barred a tax preparer from preparing tax returns for others.
September 27