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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In response to a bill that would ban Internet poker, the nonprofit Poker Players Alliance has released a study making a case for the online games to be legalized and taxed by the federal government.
July 19 -
A federal judge in Greenville, S.C., has permanently barred Heather Alexander Ferguson from promoting an alleged tax-fraud scheme.
July 19 -
Thomson Tax & Accounting, part of The Thomson Corp., announced the upcoming release of its InSource WorkFlow Manager solution.
July 19 -
The Congressional Research Service, which provides nonpartisan public policy research, has released its review of the presidential advisory panel on tax reform's two major proposals.
July 18 -
The failure to get a revamped computer program online to screen for fraudulent 2006 tax returns will cost the federal government between $200 million and $300 million, the Internal Revenue Service has estimated.
July 17 -
A federal court has barred a Jackson Hewitt franchise from preparing federal income tax returns claiming an improper federal income tax exemption for casino proceeds paid to Native Americans.
July 17 -
The Internal Revenue Service has ruled that employer incentives encouraging their employees to purchase environmentally friendly hybrid cars, are considered taxable compensation.
July 16