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A group of CPAs headed to Capitol Hill yesterday in what has become an annual ritual as they pressed lawmakers to deal with the many issues that accountants and their clients are forced to wrestle with on a daily basis, including taxes and regulations.
May 22 -
Apple Inc. Chief Executive Officer Tim Cook will face off against U.S. senators leveling accusations the iPhone maker has created a web of offshore entities to avoid paying billions of dollars in U.S. taxes.
May 21 -
The Internal Revenue Services Large Business & International division and its Wage and Investment division have teamed up to create a discovery tool for taxpayers with international filing requirements.
May 17 -
New River Innovation has enhanced its Beyond415 WorkCenter and Beyond415 Guidance products, including a simplified user interface, interactive file system, automatically saved documents, and guidance on the core phases of tax practice and procedure work.
May 17 -
The Marketplace Fairness Act, which the Senate passed last week, would require e-commerce vendors to collect sales taxes not only on physical items, but also on digital goods such as ebooks and music downloads.
May 14 -
The American Institute of CPAs has sent a letter to the Internal Revenue Service asking the IRS to re-evaluate some of its proposals for a safe harbor method for the home office deduction, even though the AICPA acknowledged that the method would be simpler for taxpayers to use.
May 13 -
On the heels of continuing revelations about the Internal Revenue Services targeting of Tea Party groups for extra scrutiny in evaluating applications for tax-exempt status, the Government Accountability Office has released a new report finding that the IRS needs to improve its internal controls.
May 13 -
A coalition of charitable organizations is calling on Congress to protect the charitable deduction as leaders of Congresss tax-writing committees step up their efforts to forge comprehensive tax reform.
May 13 -
IMGCAP(1)]The U.S. government is expected to publish final tangible property regulations later this year.
May 13 -
The Internal Revenue Service said Friday that it will be making changes to the filing requirements for corporate and partnership taxpayers with assets of between $10 million and $50 million.
May 10