Clifton Gunderson LLP - A nationwide firm of Certified Public Accountants and Consultants

February 1, 2012

Posted February 6, 2012

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In this Issue:

Beware of These Filing Changes for 2012

"It's going to be a tough year for people," said one IRS official in reference to the numerous changes to forms for the 2011 and 2012 filing seasons and beyond.

Jobs Council Recommends Corporate Tax Reform

U.S. corporate business and industry would benefit from a territorial tax system and lower tax rate, President Obama’s Council on Jobs and Competitiveness recently reported.

IRS Hears Input on Real-Time Tax System

Top IRS officials heard from industry representatives about the challenges and benefits of moving to a real-time tax system at a public meeting in Washington, D.C., the second in an anticipated series of public meetings on the proposal.