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 sharing economy might have to start paying more taxes to the IRS.
July 21
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Mobile no more; Nigerian citizen pleads guilty in $12-million fraud; Ontario man pleads in phony-refund scam; and other highlights of recent tax cases.
July 21
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The Internal Revenue Service didn’t properly implement some provisions of the PATH Act aimed at reducing improper payments for refundable tax credits, instead allowing an estimated $152 million in credits, according to a new report.
July 20
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The Senate bill reduces the deficit by $420 billion, the CBO said, compared with the $321 billion in deficit reduction in an earlier version, giving Republican leaders additional money they can use to court holdout votes. Much of the increased funding comes from a decision to no longer cut taxes on the wealthy.
July 20
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A former Credit Suisse Group AG banker who pleaded guilty to conspiring to help Americans hide income and assets from the Internal Revenue Service is cooperating with U.S. prosecutors in a bid for the sort of leniency her former colleagues received.
July 20
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An old banking procedure could add another layer of security to IRS return processing.
July 19
Hutchinson and Bloodgood LLP -
Retailers are hoping to entice back-to-school shoppers this summer.
July 19
