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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Thomson Tax & Accounting received a U.S. patent for its ePropertyTax software's ability to manage multi-jurisdictional property tax information.
August 9 -
The American Institute of CPAs is criticizing proposed regulations for how post-death events might be considered in determining the value of a taxable estate.
August 9 -
The Internal Revenue Service wants teachers to know that a recent tax law change won't affect the way their tax is paid in the upcoming school year.
August 8 -
The Organization for Economic Cooperation and Development has removed the Marshall Islands from its list of "uncooperative" and "harmful" tax havens as the group continues to pare down the destinations for money laundering.
August 7 -
One of the more intriguing ideas in the energy bill that the House passed over the weekend was that of doing a "carbon audit" of the U.S. Tax Code. Exactly how Congress proposes to conduct such an audit is another matter.
August 7 -
The remaining five defendants in the KPMG tax shelter case are seeking a postponement in the trial until after October.
August 6 -
Bestselling financial writer Wade Cook was slapped with an 88-month jail term for defrauding the Internal Revenue Service.
August 6