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 memo out of the Internal Revenue Service's Office of Chief Counsel makes the case that gender reassignment surgery cannot be deducted as a medical expense for tax purposes.
January 24 -
Tax fraud promoter Paul D. Harris was sentenced in U.S. District Court in Denver to five-and-one-half years in prison, followed by three years of supervised release, the Department of Justice and Internal Revenue Service said.
January 20 -
As taxpayers begin to prepare their tax returns, the Internal Revenue Service noted that some may be sending their returns to a different service center than last year.
January 20 -
The Internal Revenue Service announced the opening of Free File, the free tax preparation and free electronic filing initiative now in its fourth year. More than 70 percent of the nation's taxpayers -- over 92 million people -- qualify for Free File this year.
January 19 -
An accountant for "Survivor" winner Richard Hatch testified that she told the reality TV star not to file a tax return omitting the $1 million prize he won from the show.
January 19 -
I discovered the most amazing thing this week -- a report on a federal agency that was actually readable.
January 18 -
Taxpayers can file their 2005 tax returns electronically beginning Jan. 13 as the Internal Revenue Service's E-file program opens for its 20th tax season.
January 13