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.
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The U.S. Tax Court began holding hearings this week on a long-running case involving the Internal Revenue Service and pop star Michael Jackson’s estate.
February 8
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Democrats on the tax-writing House Ways and Means Committee are objecting to a resolution from House Republicans to repeal recently finalized Treasury Department rules that would discourage corporate tax inversions.
February 8
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A group of prominent GOP and business leaders backing a tax on carbon dioxide were taking their case Wednesday to top White House aides, including chief economic adviser Gary Cohn.
February 8
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Legislation aimed at preventing fraud could cost the economy as much as $21 billion this month.
February 8
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The Internal Revenue Service has posted a new version of Form 7004 to reflect the fact that businesses can now get an automatic extra six months to file.
February 7
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The IRS characterized the earnings as resulting from the employee’s years of work at a company.
February 7
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Donald Trump likes to say you learn very little from a tax return. TurboTax thinks you can learn a whole lot, and that it can earn a whole lot from it, too.
February 7
