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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Late receipt of wage reporting documents is reducing the capabilities of a new system for deterring tax cheats.
March 27
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The Internal Revenue Service may be changing Schedule UTP, the Uncertain Tax Position Statement, which corporate taxpayers file with their Form 1120 tax returns, because it doesn’t contain enough information to be useful in compliance efforts, according to a new report.
March 27
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Tax professionals are doing their best to warn the public, but it’s a never-ending task.
March 27
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A Supreme Court ruling frees taxpayers from the worry of ‘felonizing’ their return, experts say.
March 27
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The IRS has relief for those affected by the storm in the U.S. Virgin Islands and Puerto Rico.
March 27
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The service’s annual list of the worst tax scams, frauds and general bad behavior.
March 27
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The decline in the number of IRS criminal investigators has led to a drop in cases sent to the Justice Department.
March 26
