Tax accounting is a critical field that focuses on preparing and analyzing tax payments and returns. It differs from other accounting fields in that it is guided by specific tax-related provisions set ...

The Internal Revenue Service updated its frequently asked questions Wednesday about Form 1099-K, the information return used for reporting transactions involving payment cards and third-party networks ...

The Tax & Accounting business of Thomson Reuters has published a new guidebook to help nonprofit organizations meet the IRS s new reporting requirements. The reference guide, PPC's Nonprofit Tax and ...

We may receive a commission from our partners if you click on a link to review or purchase a product or service. Click to Learn More Filing business taxes may sound like a slog, but it doesn’t have to ...

Here's what you should know about income tax, what it is, how it works, how to calculate it and which states don't have it.

Not all forms of accounting are the same. Some focus on costs, others on audits and some focus on taxes. While having a solid handle on your business’s finances is essential, how you track business ...

A business owner’s ultimate guide to IRS Form 1096 — including who needs to file and step-by-step instructions. Many, or all, of the products featured on this page are from our advertising partners ...

University of Dayton provides funding as a member of The Conversation US. Most tax-exempt nonprofits must file a 990 form with the Internal Revenue Service every year, typically in mid-May. The 990 is ...

The IRS issued proposed regulations (REG-132766-18) on July 30 related to simplified tax accounting rules for small businesses and updating various tax accounting regulations to adopt the simplified ...