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 proposed regulations governing patents on tax strategies and advice as a bill works its way through Congress outlawing such patents.
September 26 -
The Treasury Department is upgrading its Electronic Federal Tax Payment System while phasing out some of its older systems.
September 25 -
Treasury Secretary Henry Paulson and Commerce Secretary Carlos Gutierrez called on the Senate to pass a permanent moratorium on taxes for Internet access and electronic commerce.
September 25 -
The Internal Revenue Service has issued regulations governing practice before the agency.
September 25 -
A church is demanding a correction and an apology from the Internal Revenue Service after the IRS closed a two-year examination of its tax-exempt status that had been prompted by a guest sermon delivered on the eve of the 2004 presidential election.
September 24 -
The Internal Revenue Service may start adjusting tax penalties for inflation to make sure the penalties retain their bite.
September 24 -
The Internal Revenue Service has been called on to develop federal licensing requirements for all paid tax return preparers - an approach that would involve potentially controversial competency rankings to help taxpayers to identify and select tax professionals based on their level of expertise.The proposal was recently placed on the table by the IRS's own Taxpayer Advocacy Panel as part of a laundry list of recommendations for improvements at the tax service.
September 23