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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After 14 months of negotiations, law firm Jenkens & Gilchrist PC, based here, has agreed to pay $81.55 million in a class-action settlement to put claims related to its tax shelter work behind it.
January 5 -
Senate Finance Committee chair Chuck Grassley, R-Iowa, and ranking member Max Baucus, D-Mont., announced a plan Tuesday to extend the period of time in which Americans can claim tax deductions for charitable donations to assist victims of the earthquake and tsunami that hit Southeast Asia on Dec. 26.
January 5 -
As the Internal Revenue Service kicked off its 2005 tax filing season this week, it announced that it expects that its e-file program will hit a milestone.
January 4 -
The Internal Revenue Service has expanded a program aimed at enabling some business taxpayers to resolve certain tax issues before they file their returns.
December 27 -
Tax and accounting software maker ATX has decided to hire a sales force to serve customers who are buying what it says is an increasingly complex product line.
December 27 -
The Internal Revenue Service is allowing limited exceptions from coverage of the new deferred compensation rules for certain stock appreciation rights, or SARs, that "do not present potential for abuse or intentional circumvention of the purposes" of Section 409A.
December 23 -
In addition to his role as a dictator who started World War II and sent millions of people to their deaths in concentration camps, Adolf Hitler was a tax evader, according to a recent report.
December 22