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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Four family members belonging to a Utah polygamist group admitted defrauding the U.S. of $512 million in renewable-fuel tax credits, with the leader saying the mastermind was an Armenian immigrant who owns a small oil and gas empire in Southern California. That businessman now faces trial alone.
July 23
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The creation of a Practitioner Services Division would make a big difference.
July 23
Massachusetts Society of CPAs -
The Internal Revenue Service posted three revenue procedures Monday of special interest to the insurance industry.
July 22
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The Internal Revenue Service issued some clarifications on an agreement with the French government not to challenge foreign tax credits for certain kinds of tax payments in France.
July 22
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Communications taxes can impact a much broader range of services than many businesses realize.
July 19
Avalara -
The Trump administration hasn’t committed yet to index capital gains to inflation, even as White House officials continue to pursue the plan.
July 19
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Grass and guns; you owe bigtime; crazy schemes; and other highlights of recent tax cases.
July 18
