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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Marion Barry, the former four-term mayor of Washington and a current D.C. council member, was sentenced to three years of supervised probation on misdemeanor charges of failing to pay income taxes for six years.
March 13 -
The Internal Revenue Service awarded contracts to a trio of firms to participate in the first phase of its private debt collection initiative.
March 10 -
Professional preparation of a non-itemized Form 1040 will cost a taxpayer about $110, while an itemized 1040 with Schedule A will run about $201, according to a survey from the National Society of Accountants.
March 9 -
Taxpayers doesn't seem to be returning to pencil and paper after the Internal Revenue Service discontinued its TeleFile service.
March 9 -
American taxpayer support for overall tax compliance has reached an all-time high, according to an annual survey commissioned by the IRS Oversight Board.
March 8 -
Kroger Co., the largest supermarket company in the country, will restate its earnings for the past three years for errors in accounting of deferred taxes.
March 7 -
The Ohio Department of Taxation has collected approximately $63 million in delinquent taxes previously owed to the state, which is more than six times the initial goal set.
March 3