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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A Republican-lead effort to repeal the estate tax failed to even reach a vote on the Senate floor.
June 8 -
A former Loveland, Colo., tax preparer charged with filing a false tax return for a couple in 2001 has pleaded guilty in U.S. District Court.
June 7 -
A Los Angeles-based firm who advertised that tax delinquents could settle with the Internal Revenue Service for "pennies on the dollar," is facing two lawsuits.
June 7 -
Having been scrapped from Congress's legislative agenda in the wake of Hurricane Katrina, a vote to permanently repeal the estate tax could be held in the Senate this week.
June 6 -
KPMG LLP received federal court approval for a $153 million settlement with more than 200 wealthy investors who bought questionable tax shelters from the Big Four firm.
June 5 -
Some taxpayers make novel arguments in attempts to be taxed at a favorable capital gains rate. Wolman v. Comm. is a Tenth Circuit Court of Appeals order and judgment affirming a Tax Court decision, and it shows how creative taxpayers can be.
June 5 -
The U.S. Attorney for the Northern District of Ohio has announced the filing of three criminal charges against CPA Kimball E. Rubin, of Beachwood, Ohio, for failure to file income tax returns.
June 4