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.
-
Cigars and nose jobs; ‘training’ to manipulate numbers; and other highlights of recent tax cases.
June 8
-
U.S. exporters have been claiming the DISC or IC-DISC tax break for more than 45 years. Despite these facts, some enterprises fail to take advantage of the federal government’s tax giveaways for Interest Charge Domestic International Sales Corporations. Here are 10 winning IC-DISC strategies an exporter can use.
June 8
Feinschreiber & Associates -
The Internal Revenue Service is making strides in assisting victims of tax-related identity theft more promptly and making fewer errors on cases, thanks to a more centralized approach, according to a new government report.
June 8
-
U.S. tax revenue is running as much as $70 billion behind estimates more than halfway through the fiscal year, leaving the government with less cash than planned and adding to pressure on Congress to raise the debt ceiling.
June 8
-
More than 70 ministers and high-level representatives from countries around the world signed a tax treaty to prevent base erosion and profit shifting, but not the U.S.
June 8
-
Apple Inc. Chief Executive Officer Tim Cook said any new, lower federal tax rate on U.S. companies’ overseas earnings should be mandatory for all companies, and proceeds should be spent on upgrading U.S. infrastructure.
June 7
-
Paul Ryan’s tenure as House speaker will be judged in part on whether he can deliver a Republican tax plan. But rather than spearhead the effort to reach consensus, Ryan is still clinging to his own widely rejected proposal.
June 7
