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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Taxpayers and tax professionals who filed for an extension can use e-file to file their 2004 tax returns, according to the Internal Revenue Service.
July 21 -
The government's Base Realignment and Closure Commission voted unanimously on Tuesday to review a Pentagon plan to move thousands of Defense Department finance and accounting jobs.
July 20 -
Already with a lengthy to-do list before adjourning for its August recess, reports have Congress moving to address the future of the estate tax soon.
July 20 -
A group of congressional representatives has asked the Internal Revenue Service to hold off on plans to shut down 68 of the agency's Taxpayer Assistance Centers.
July 19 -
Reports are that lobbyists for Accenture Ltd. will be successful in convincing congressional tax writers to make small changes in a technical corrections bill that would that ensure the consulting group is grandfathered in under a corporate tax bill originally passed in 2004.
July 19 -
The White House midyear budget says that an increase in tax revenues, mostly coming from relatively wealthy taxpayers, along with a good stock market performance, will drop the deficit to $333 billion this year.
July 14 -
Corporate officers or authorized agents can now sign employment tax forms by facsimile, including alternative signature methods such as computer software programs or mechanical devices.
July 14