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.
-
The measure would eliminate Obamacare’s tax increases, including a 3.8 percent net investment income tax, a 2.3 percent levy on medical device sales, a 0.9 percent Medicare surtax and a 10 percent indoor tanning tax. But a tax on expensive “Cadillac” employer-provided plans would be delayed, as in the House measure.
June 22
-
Senate Republicans are beginning to learn the details of the health-care bill they may be asked to vote on next week, with senators saying the measure envisions a more gradual transition away from Obamacare than the House-passed version.
June 21
-
The solution provides guidance on tax inquiries input by practitioners who need more information on localized laws.
June 21
-
The Internal Revenue Service reopened its Preparer Tax Identification Number system Wednesday after closing it earlier this month because it lost a lawsuit over registration and renewal fees.
June 21
-
Madoff victims still wait; suing the IRS anonymously; where tax dollars go; other highlights from our favorite tax bloggers.
June 21
-
The House passed legislation Tuesday to simplify state income tax rules for employees who travel across state lines.
June 20
-
Avalara, a provider of cloud-based tax compliance automation business software, has teamed up with the publisher John Wiley & Sons to produce “Customs Duty & Import Tax for Dummies,” an e-book that’s part of Wiley’s “for Dummies” line of instruction guides.
June 20
