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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CCH and H&R Block's Specialty Tax Services Division announced a partnership to offer a domestic service solution for accounting professionals who need to outsource some or all of their work during the busy tax and extension seasons.
January 26 -
With the State of the Union address just a week away, advisors to President Bush said that new tax breaks for health care costs are being considered.
January 26 -
It didn't take long for the Internal Revenue Service to move forward in combating one of the major complaints outlined in the Jan. 10 report from the national taxpayer advocate.
January 25 -
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