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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The 2005 tax return season wound down with a larger-than-expected late surge of filers to make up for the slow start, according to preparers.
May 1 -
Baseball season got underway this spring with a new frustration for ball players.
May 1 -
As of this writing, bankruptcy reform legislation had passed the Senate and was expected to move quickly through the House and be signed by President Bush. The Bankruptcy Abuse and Prevention and Consumer Protection Act of 2005 may already be law as you read this column.
May 1 -
A district court judge has sentenced four defendants to prison terms ranging from eight to 20 years in what the Justice Department says is one of the "most far-ranging tax schemes ever prosecuted."
April 28 -
Complexity is eroding voluntary compliance with U.S. tax laws, a member of the American Institute of CPAs Tax Executive Committee told the House of Representatives Small Business Committee this week.
April 27 -
The Internal Revenue Service, in partnership with stakeholder groups, has set up a new Web-based list of frequently asked questions aimed at helping corporate taxpayers understand the requirements of the new Schedule M-3.
April 26 -
Tax and accounting software provider Creative Solutions Inc. has acquired the tax software line of Cincinnati-based Accountware for undisclosed terms.
April 25